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Castilla La Mancha, February 20, 2023.
The exonerated was affected by the reduction in his working hours and had to access financing for a medical intervention and a transfer
The Court of First Instance and Instruction no. Second Chance Law. SEE JUDGMENT The exonerated went to Repara tu Deuda, the first office that applies the Second Chance Law in Spain, drowned by the situation of over-indebtedness in which he found himself. His story is as follows: he started working as a delivery man. He habitually worked overtime, so he had that income on a monthly basis. He had a few credit cards that he kept up to date on. In 2017, he applied for a loan to undergo an orthodontic procedure. A short time later, his work did not allow him to continue working overtime, with the consequent loss of income. In order to pay the credits, the debtor tried to refinance them through other entities that, although they allowed him new credits, also forced him to request higher amounts. In 2019, the company with which he followed the oral treatment closed and, being in the middle of the treatment, he found himself in need of taking out a new loan to pay another dentist. In 2020, with the arrival of COVID-19, his income was reduced and he was unable to continue paying the previously contracted credit installments. In addition, at the beginning of 2021, with the arrival of the Filomena storm, he needed to move since the apartment where he was located did not have heating. As of today, he is once again employed full-time, but even so, it has not been possible for him to pay all his obligations with his income. Once the case was studied, the lawyers from Repara tu Deuda began the procedures so that he could benefit from the Second Chance Law. He is now released from 100% of his debts. Debt cancellations are taking place every day in some part of Spain. This is making many people who find themselves in a situation of economic blockade due to debts trust in the Second Chance Law and request the services of specialized lawyers in our country. According to the lawyers of Repair your Debt, “the Second Chance Law is becoming more and more known because it has entered many homes that previously did not know that a legal mechanism existed since 2015 for the cancellation of debts”. The lawyers of Repair your Debt, specialists in the Second Chance Law, point out as keys to success “having the best expert lawyers in this legislation, using optimal digital technology and always taking into account the human factor, so important in a process so distressing for many”. At this time, the firm has managed to exceed the figure of 120 million euros exonerated to its clients. These come from all the autonomous communities of Spain since it is a legislation with sentences in all the courts of our country. The Second Chance Law allows the exoneration of the debt of individuals and the self-employed if they meet a series of prerequisites. Among them, the amount of the debt can never exceed 5 million euros, the bankrupt cannot have been convicted of socioeconomic crimes during the last ten years and must collaborate at all times with the process, acting in good faith. .
Contact Contact name: David Guerrero Contact description: David Guerrero Contact telephone number: 655956735
