Seville, April 24, 2023.
The exonerated, father of a large family, suffered the consequences of the economic crisis of 2008
Repair your Debt Abogados, the leading law firm in Spain in the processing of the Second Chance Law, has achieved a debt cancellation in Seville (Andalusia). Through the management of Repara tu Deuda Abogados, the Mercantile Court No. 1 of Seville (Andalusia) has issued the benefit of exoneration of the unsatisfied liability in the case of a man with a debt of 441,559 euros that he could not meet. SEE JUDGMENT As the lawyers from Repara tu Deuda explain, their case is as follows: “its state of insolvency originated from the start of a business selling construction products in 2007. The operation of the company at the economic was through promissory notes and credit lines, so when the construction crisis of 2008 arrived, the debtor began to have unpaid promissory notes that directly affected his credit lines. promissory notes closed and he began to have overdrafts in his lines of credit, so he tried to cover those overdrafts within his possibilities, and requesting financing.After multiple attempts to continue with the open business, in 2012 he had to close after failing to able to bear more debts and began to work for someone else with the intention of gradually repaying said financing, which had been converted into personal loans in his name. He was in a clear situation of over-indebtedness that he could not face with his income. He could only cover the basic expenses of his large family. Now, after taking advantage of this legislation, you can start again from scratch.” According to Repara tu Deuda Abogados, “Spain was one of the countries that took the longest to incorporate the Second Chance Law into its system, doing so in 2015. Originating in the United States, it has been applied for more than 100 years to solve the situation of over-indebtedness of individuals who cannot make the due payments. Its spirit is to offer a second chance to all those people in debt so that they do not have to live forever drowning and also eliminate the stigma suffered by those who have experienced economic setbacks”. Repara tu Deuda Abogados launched its activity in September 2015, which which makes it a pioneer in its processing.Since then, it has been able to help numerous people who have trusted them.More than 20,000 individuals and self-employed people have put their story of over-indebtedness in their hands to reactivate themselves in the economic field.The law firm is a leader in the debt cancellation market for individuals and the self-employed, having exceeded the figure of 130 million euros exonerated to its clients, who come from the different autonomous communities of Spain.The forecast is that this figure will continue to increase as a result of the high number of procedures underway and the interest of many to start their process. The lawyers of Repair your Debt try to adapt to the economic circumstances of each person so that no potential beneficiary is left without a second chance to start again with more strength . Among the services also offered by the firm is the cancellation of credit cards, revolving cards, mini-loans, loans and mortgages. The Second Chance Law allows the exoneration of debt for individuals and the self-employed. In general terms, for this to be possible, it is enough for the bankrupt to act in good faith at all times, for the amount owed not to exceed 5 million euros and for them not to have been convicted of socio-economic crimes in the last ten years.
Contact Contact name: David Guerrero Contact description: David Guerrero Contact telephone number: 655956735
