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STATEMENT: Repair your Debt Lawyers cancels €227,000 in Valencia with the Second Chance Law

(Information sent by the signatory company).

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STATEMENT: Repair your Debt Lawyers cancels €227,000 in Valencia with the Second Chance Law

(Information sent by the signatory company)

The couple began to suffer losses in their gym and had no choice but to begin the second chance process.

Valencia, February 26, 2024.- Repair your Debt Abogados, a leading law firm in Spain in the processing of the Second Chance Law, has achieved debt cancellation in Valencia. Through the management of Repair Your Debt Lawyers, the Commercial Court No. 3 of Valencia has issued the Benefit of Exoneration of Unsatisfied Liabilities (BEPI) in the case of a couple from Valencia with a debt of 227,000 euros that they could not meet. SEE JUDGMENTAs the lawyers of Repara tu Deuda explain, their case is as follows: "they set up a business in 2001, a gym, in which they did some renovations. It worked very well for many years. Later, they started another one. No However, they began to make losses. By making such a high investment, they could not assume the debts. According to Repair your Debt, Spain approved the Second Chance Law in 2015. Born in the United States, a country that applies it For more than 100 years, figures as important as Walt Disney or Steve Jobs have taken advantage of it. The majority of those who have done so are ordinary people who have put their trust in this mechanism. The situation of financial asphyxiation derived from "Some type of problem that has arisen makes them seek to reactivate the economy through this mechanism." Repara tu Deba began its activity as a legal firm in September 2015. Since its inception it has managed to exceed the figure of 190 million euros exonerated to people who come from the different autonomous communities of Spain. The forecast is that this amount will continue to increase in the near future due to the fact that there are more and more cases and that many are already being processed and it is presumed favorable for the interests of the clients. The law firm has more than 22,000 clients who respond to very different profiles. As the years go by, more people who have started the process talk to their friends and acquaintances about this tool. These individuals and self-employed people rely on the services of the firm to reactivate themselves in the economy, get off the delinquency lists - such as ASNEF - and register possible future assets in their name. This legislation allows them to be exonerated from the debt in case they comply with a series of requirements. In general terms, it is enough that the bankrupt is in a current or imminent state of insolvency, has not been convicted of socioeconomic crimes in the last ten years and acts at all times in good faith, providing the required documentation and without hiding assets or income. The office can also analyze contracts signed with banks and financial entities. In this sense, the objective is to check if 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