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The exonerated woman, after a period of job instability, suffered an ERTE and could not assume the loan payments
Las Palmas de Gran Canaria, January 3, 2024.- Repair Your Debt Lawyers, a leading law firm in Spain in the processing of the Second Chance Law, has achieved a new debt cancellation in Las Palmas de Gran Canaria. Through the management of Repara tu Deuda Abogados, the Commercial Court No. 3 of Las Palmas de Gran Canaria has issued the Benefit of Exoneration of Unsatisfied Liabilities (BEPI) in the case of a woman who had accumulated a debt of 120,000 euros to whom I couldn’t cope. SEE JUDGMENTAs the lawyers of Repara tu Deuda explain, “his state of insolvency originated when requesting financing for the purchase and sale of a vehicle, as well as to cover the expenses of a move. At first he had no problem in meeting the payment of the installments. However, the debtor’s employment situation has been unstable and she was fired due to an ERE. Given this, she tried to unify the accumulated liabilities by requesting loans that would allow her to reduce the burden owed, but she received a refusal from the banking entities. He had to prioritize the ordinary and recurring expenses of each month over the refund of the installments. As recalled from Repara tu Deuda, “Spain incorporated the Second Chance Law into its legal system in 2015. With this measure, launched a mechanism to cancel the debts of individuals and the self-employed. This also meant eliminating, along with the debt, the stigma that people suffer for having experienced some type of economic setback.” Approved more than eight years ago, the reality is that more and more people are making use of this legal mechanism. It is true that some people are unaware of its existence and that others also mistakenly believe that the process is more complicated than it ultimately turns out to be. Repair Your Debt has helped numerous individuals and self-employed workers since its inception, precisely in September 2015. There are already more than 20,000 who have trusted their services to start a new life from scratch. This means having exceeded the amount of 180 million euros exonerated to people who come from different parts of Spain. This legislation protects individuals and the self-employed by allowing them to be exonerated from their debts if they previously meet a series of requirements. In general terms, it is enough that the bankrupt has not been convicted of socioeconomic crimes in the last ten years, that he acts at all times in good faith and that the amount of the debt does not exceed 5 million euros. To people who cannot attend In addition to this mechanism, the office also offers the possibility of analyzing the contracts signed with banks and financial entities. In this sense, the objective is to analyze whether there are abusive clauses for the cancellation of credit cards, revolving cards, mini-credits, loans and mortgages and to be able to claim from Cofidis, Moneyman, WiZink, Carrefour, Vivus, Banco Santander, CaixaBank, BBVA, Banco Sabadell, myKredit, Kviku, etc. Issuer: Repair your Debt Lawyers
Contact Contact name: David Guerrero Contact description: Press Officer Contact telephone number: 655956735
