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The exonerated person moved home and lost his job, for which he was forced to apply for loans and fell into a state of over-indebtedness.
Valencia, August 11, 2023.- Repara tu Deuda Abogados, the leading law firm in Spain in the processing of the Second Chance Law, has achieved a new debt cancellation in Valencia. Through the management of Repara tu Deuda Abogados, the Mercantile Court No. 1 of Valencia has issued the benefit of exoneration of the unsatisfied liability (Bepi) in the case of a man who had accumulated a debt of 18,000 euros that he could not meet . SEE JUDGMENT.
As the lawyers for Repair Your Debt explain, “his state of insolvency originated when he moved to another home and lost his job. This caused him to be unable to cover basic and necessary expenses. For this reason, he requested a series of credits that were found himself unable to repay. Everything led to an untenable situation of insolvency”.
According to Repara tu Deuda, “Spain was one of the European Union countries that took the longest to incorporate the Second Chance Law into its legal system, a mechanism provided for the cancellation of the debt of individuals and the self-employed. Thus, The European Commission Recommendation of 2014 to implement a mechanism that offered a graceful way out for people in a situation of over-indebtedness was complied with. In September 2022, there was a reform of the law that eliminates the necessary previous step trying to reach an out-of-court agreement with the banks and financial institutions”.
Approved in 2015, many people are still unaware of the existence of this legal tool that allows them to have a new life from scratch without the anguish of a debt that they cannot assume. Others, directly, do not start the process because they mistakenly believe that the process is going to be more complicated than it really is.
Repair your Debt Abogados has helped, since its inception in September 2015, numerous individuals and freelancers who did not know where to go to request help. Currently, the firm has managed to exceed the figure of 160 million euros of debt exonerated to people from the different autonomous communities of Spain.
This legislation allows individuals and the self-employed to be exonerated from their debts if they previously meet a series of requirements. In summary, it is enough that the bankrupt has not committed socioeconomic crimes in the last ten years, that they always act in good faith and that the amount of the debt does not exceed 5 million euros.
Those who cannot take advantage of this mechanism, the office also offers them to study the details of the contracts signed with banks and financial institutions. All this with the aim of checking if there are abusive clauses and see if there are options to cancel credit cards, revolving cards, mini-credits, loans and mortgages when claiming Cofidis, Moneyman, WiZink, Carrefour, Vivus, Banco Santander, CaixaBank , BBVA, Banco Sabadell, myKredit, Kviku, etc.
ContactContact name: David GuerreroContact telephone number: 655956735
