His state of insolvency originated from the use of credit cards to meet various extraordinary expenses.
The Commercial Court No. 7 of Barcelona (Catalonia) has issued the Exoneration of Unsatisfied Liabilities (EPI) in the case of a man who has been released from a debt of 152,681 euros. The case has been processed Repair Your Debt Lawyers, Law Firm leader in Spain in the Second Chance Law.
As explained by the lawyers of Fix Your Debt“His insolvency began when he used credit cards to cover various extraordinary expenses with the intention of gradually covering the interest. However, his financial situation did not improve enough to pay them and meet the monthly expenses. For this reason, he stopped paying the bank debt.
The Second Chance Law It has been in force in Spain since its approval by Parliament in 2015. At first there was a lot of ignorance about its existence, although over time it has made its way into society as a useful tool for cancel the debts that have been contracted and cannot be assumed.
One of the keys to success in a process of this type is to put yourself in the hands of a professional and specialized law firm. In this regard, it must be said that Repair Your Debt Lawyers has managed to exceed the figure of 270 million euros exonerated to people from the different autonomous communities.
More than 26,000 individuals and self-employed workers have entrusted their case to the law firm to reactivate their economy.Some of those who have come to us -explain the lawyers from the desktop- They have done so following the recommendation of those who have already been exonerated to begin the process as soon as possible.”
To cancel the debt, following the Second Chance Lawthe court takes into account a series of criteria: that the bankrupt acts in good faith, that he has not been convicted of socio-economic crimes in the last ten years or that he is in a current or imminent state of insolvency.
In these procedures, the use of technology is essential so that the client is informed at all times. Repair Your Debt Lawyers has a technological tool in APP format called MyRepara that allows you to make inquiries, pay fees and even hold meetings via video call.
Finally, the firm also offers the analysis and study of contracts signed by people with banks and financial institutions. 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.
