The reduction in the business figures of the exonerated forced him to take advantage of the Second Chance Law
Badajoz, May 31, 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 Badajoz (Extremadura). Through the management of Repara tu Deuda Abogados, the Court of First Instance and Instruction No. 1 of Fregenal de la Sierra (Badajoz) has issued the benefit of exoneration of the unsatisfied liability (Bepi) in the case of a man who had accumulated a debt of 131,489 euros that he could not cope with. SEE JUDGMENT As the lawyers for Repara tu Deuda explain, “its insolvency arose from the difficulties that the bankrupt was going through caused by the decrease in business figures and also from insufficient own funds with which to meet current expenses and debts with banks and financial institutions. After finding himself in a situation of over-indebtedness, he decided to start the process to take advantage of the Second Chance Law. Now he has his cancellation and can start a debt-free life”. , “Spain was one of the countries that took the longest to incorporate the Second Chance Law into its judicial system, a mechanism provided for the cancellation of the debt of individuals, including the self-employed at this point. Its entry into force was produced in 2015, in compliance with the Recommendation made in 2014 by the European Commission. In September of last year there was a reform of this mechanism with a view to streamlining procedures and facilitating access to this tool”. There are still many people who are unaware of the existence of this legal mechanism. Others don’t start the process because they mistakenly believe that the process is more complicated than it ultimately turns out. There is also a small group of people who think that it is impossible for them to cancel their debts by law. Repara tu Deuda Abogados is a pioneer in the application of the Second Chance Law since it was created in September 2015. Since then, it has managed to exceed the figure of 140 million euros exonerated to clients who come from the various autonomous communities of Spain . For those who cannot take advantage of this tool, the office also offers the cancellation of credit cards, revolving cards, mini-loans, loans and mortgages in case there have been abusive clauses in the contracts. The second chance mechanism is designed for people who meet a number of requirements. Among them, it is essential that the bankrupt does not exceed 5 million euros in debt, that he has not been convicted of socioeconomic crimes in the last ten years and that he acts in good faith, with total transparency, without hiding assets or income. Issuer: Repair your Debt Lawyers
ContactContact name: David GuerreroContact telephone number: 655956735
