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Her state of insolvency originated from a divorce and she was later fired from the company where she worked.
Repair your Debt Abogados, the leading law firm in Spain in the processing of the Second Chance Law, has achieved a debt cancellation in Valencia. Through the management of Repara tu Deuda Abogados, the Commercial Court No. 5 of Valencia has issued the benefit of exoneration of the unsatisfied liability in the case of a woman with a debt of 94,000 euros that she could not meet. SEE JUDGMENT.
As the lawyers from Repair your Debt explain, her case is as follows: “her state of insolvency originated after the divorce. The expenses increased considerably since she took care of her son and only had her salary, which was not very high. The lady changed her address, going to rent with her son and receiving maintenance of 150 euros per month, which meant that she could not meet all the expenses. At that time, the debtor He found himself in a financial situation in which to make ends meet he needed extra income, so he applied for various loans with the intention of being able to repay them in small installments when his financial situation improved.However, he became unemployed after almost 30 years working in the same business, so his income dropped considerably. This meant that he could not assume any quota and, therefore, only covered the most basic and essential expenses of his family unit.”
As recalled from Repara tu Deuda, “Spain incorporated the Second Chance Law into its legal system in 2015. It is a legislation born more than 100 years ago in the United States, and it has received such relevant figures as Walt Disney or Steve Jobs. The spirit of this mechanism is to offer a second chance to those who have suffered some type of economic setback so that they do not have to live drowned by their debts throughout their lives.
Repair your Debt Abogados was created in September 2015 with the aim of offering a satisfactory solution to people in a situation of current or upcoming insolvency. At this time, it continues to be the leader in this market for canceling debts for individuals and the self-employed, having exceeded the figure of 160 million euros exonerated.
The law firm has more than 20,000 clients, from all over Spain, who have placed their history of over-indebtedness in their hands to reactivate the economy. The forecast is that this figure will continue to increase due to the fact that this law is better known and, also, as a consequence of the fact that some of the exonerated persons announce the successful completion of their case.
This legislation allows individuals and the self-employed to have a second chance if they previously meet a series of requirements. Among them, it is essential that the bankrupt has not been convicted of socioeconomic crimes in the last ten years, that they always act in good faith without hiding assets or income and that the amount owed does not exceed 5 million euros. For those who do not meet this profile, the office also offers an analysis of the contracts signed with banks and financial institutions to see if there are abusive clauses with a view to the possible cancellation of credit cards, revolving cards, mini-credits, loans and mortgages when claiming to Cofidis, Moneyman, WiZink, Carrefour, Vivus, Banco Santander, CaixaBank, BBVA, Banco Sabadell, myKredit, Kviku, etc.
Contact Contact name: David Guerrero. Contact telephone number: 655956735.
