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He was involved in two businesses that did not go well and lost his job due to COVID-19
Repara tu Deuda, Spain's leading law firm in the Second Chance Law, has achieved another debt cancellation through the Second Chance Law. This is the case of a man to whom the Court of First Instance No. 6 of Lleida (Catalonia) has granted the Benefit of Exoneration of Unsatisfied Liabilities (BEPI), freeing him from a debt that amounted to 39,000 euros. SEE JUDGMENT
The lawyers at Repara tu Deuda explain their story to us: "his state of insolvency arose from the request for two loans to help his partner with his business. Subsequently, and to try to repay said loans more quickly, the debtor guaranteed his mother to be able to jointly start a business project. However, this only worked at the beginning. Furthermore, shortly after and due to the COVID-19 pandemic, the debtor was left without a job and was unable to assume the payment of the requested loans".
Approved more than eight years ago, the reality is that the Second Chance Law has a long way to go. As time goes by, more and more people are aware of the existence of this procedure that allows the cancellation of debts if they cannot pay them.
Repara tu Deuda Abogados was founded in September 2015, the same year the legislation came into force. This is the law firm specialized in the Second Chance Law in Spain that has handled the most cases in the country and also the one that has canceled the most debt. Currently, it has exceeded the figure of 180 million euros of exonerated debt.
The people who have taken advantage of the Second Chance Law since its inception belong to all the autonomous communities of Spain, with Catalonia being the pioneer. "We have made large investments in technology and in disseminating the Second Chance Law through all possible means. In addition, we have done so taking into account the human factor, so important in cases in which we work with people who have had a very difficult time." bad because of the anguish that over-indebtedness implies," the lawyers explain.
The Second Chance Law allows the cancellation of debts of individuals and self-employed workers in a situation of insolvency. To do this, it is necessary to meet a series of requirements such as that the bankrupt does not exceed 5 million euros in debt, that he acts at all times in good faith and that he has not been convicted of socioeconomic crimes in the last ten years.
The firm also offers to analyze the contracts signed with banks and financial entities. Along these lines, 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.
Contact name: David Guerrero
Contact description: Press Officer
Contact telephone number: 655956735
Photo caption: Cárdenas, client advocate at Repara tu Deuda Abogados Author: Repara tu Deuda Abogados