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STATEMENT: Repair your Debt Lawyers cancels €599,000 in Santiago (A Coruña) with the Second Chance Law

(Information sent by the signatory company).

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STATEMENT: Repair your Debt Lawyers cancels €599,000 in Santiago (A Coruña) with the Second Chance Law

(Information sent by the signatory company)

The exonerated person was the administrator and guarantor of the company that he created and that suffered the crisis of 2008

A Coruña, February 7, 2024.- Repara tu Deuda Abogados, a leading law firm in Spain in the processing of the Second Chance Law, has achieved debt cancellation in Galicia. Through the management of Repair Your Debt Lawyers, the Court of First Instance No. 4 of Santiago de Compostela (A Coruña) has issued the Benefit of Exoneration of Unsatisfied Liabilities (BEPI) in the case of a man with a debt of 599,000 euros which I couldn't face. SEE JUDGMENTAs the lawyers of Repara tu Deuda explain, his case is as follows: "his situation began during the crisis of 2008, when he was the Administrator of the company that he had created dedicated to consulting on the environment, territorial planning , information technologies, etc. Its main client was the Public Administration. The company stopped functioning well and did not obtain the same income as before. Therefore, it began to ask for loans. When doing so, all entities requested that contributions be made. any guarantee, which made it appear as a guarantor for each of the loans requested. It did not manage to put an end to the negative dynamic." According to Repara tu Deuda, "Spain was one of the countries that took the longest to incorporate into its legal system the Second Chance Act, doing so in 2015. We are facing a legislation whose origin dates back more than 100 years to the United States. Although well-known figures such as Walt Disney or Steve Jobs have embraced it, the majority of those who have done are anonymous people unknown to the majority who have suffered an economic setback and cannot afford their payments. Repair Your Debt began its activity as an office precisely in September 2015. Since then, it has been able to help numerous desperate people who did not know where to turn to start again from scratch. Since then, its degree of specialization has led it to exceed the figure of 190 million euros exonerated to individuals and self-employed people who come from the different autonomous communities. The law firm has more than 22,000 clients who have put their case in its hands. to reactivate the economy. Some of them have come encouraged by the stories of other family members and friends who have started the process or who have already completed it satisfactorily. This legislation allows both individuals and the self-employed to be exonerated from their debts if they meet a series of requirements. In general terms, it is enough to be in a current or imminent state of insolvency, not to have been convicted of socio-economic crimes in the last ten years and to have acted in good faith. The firm also alternatively offers the possibility of analyzing the 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