There are many factors and situations that can lead a person to fall into debt, a problem that sometimes finds a solution thanks to the law of second chances, as is the case of a woman from Alicante, who managed to free itself from a debt of more than 400,000 euros.
Specifically, it is a woman from the municipality of San Vicente del Raspeig, in Alicante (Valencian Community), who managed to cancel her 438,000 euros debt through Repair Your Debt Lawyers, who explained this woman’s debt history.
Purchase of two homes: 2008 crisis
“The exempt woman purchased a new house to constitute her habitual residence in 2005, mortgaged to finance it in 2007date the purchase was made official. Before the delivery of the said house, the debtor entered into a stable relationship and, as the house she had purchased was small, she decided apply for a new mortgage and finance the purchase of a larger house to live with your partner”, the lawyers begin to explain.
“Taking advantage of the fact that the town he lived in had a university nearby, he put the first house he bought, which he had never lived in, up for rent to university students at a price higher than that he had paid in mortgage,” they add. However, “shortly after purchasing the two houses, The economic crisis of 2008 occurredwhich had its origins precisely in the rise of the real estate bubble, and saw the need to restructure mortgage loans.
Death of your partner and new job
“Due to the crisis, her billing as an independent insurance saleswoman was significantly reduced. Additionally, her partner was diagnosed with leukemia. This forced her to work fewer hours to be able to care for him and go to the doctor with him,” the story continues. which ultimately ended with the death of his partner. “As things stand, he found it necessary to apply for a loan to be able to cover his expenses and repay the mortgages, hoping that he would be able to repay the loan once his situation stabilized,” the lawyers point out.
“In 2015 he met his ex-partner, and shortly after meeting there was a change in the economic situation offered by the company he worked for which led him to the debtor has decided to look for a new job, since their income has been significantly reduced.
“This is why the debtor decided to start a career in the real estate world, and as at that time her partner had also lost his job, this proposed to jointly manage the real estate activity through one of its companies. She started working as a real estate agent, but her partner’s company did not register her for Social Security,” they explain.
“Later, they needed a second worker and, as their partner did not want to take care of it, they decided to continue the activity through a company. that it was the property of boththat’s why another one was created.
Breaking up with your new partner
“On the other hand, they made renovations to the house they lived in. Everything was paid for by his family’s businesses. Meanwhile, their real estate business was more or less running smoothly,” but it did not generate much more income than the expenses it entailed. As they had disagreements at work, they eventually decided to separate at work so that it would not affect their relationship.
“He suggested that she stay as head of the office and then left the company, telling her that would return the money that had been invested at the start of the activity. She did not accept and they decided to speak to a lawyer. They did so and he agreed that it was not his responsibility to make such a payment. This did not please him and he decided sever both the professional and personal relationship.
“He sent him a burofax asking for 257,000 euros”
“In this way, both links were finalized and it was agreed that she would keep the company vehicle and the debt. A few months later, in April 2019, he sent her a burofax requesting 257,000 euros in expenses d business and home renovation. In these concepts he added expenses that were not truecosts of goods that were returned or never arrived at one’s home, inflated prices or duplicate invoices.
Debt requirement and waiver
“After speaking with several lawyers, he decided it was best not to respond and wait for a response. trial, occurred in November 2019and in which he added different concepts and new elements, trying to match the amount claimed in the burofax. Unfortunately, after the trial, the judgment was pronounced against her since the work was financed by the family businesses and there was no document proving that it was a donation or a delivery as a gift. expensive.”
“In this way, she accepted one of her five claims and He ordered her to pay more than 200,000 euros. Thus, after the enormous expenses for lawyers involved in the entire process, she was also obliged to assume the payment of an amount well beyond her possibilities,” the lawyers add.
“As if all this were not enough, shortly after, due to the Covid-19 pandemic, his tenants, who were university students and had their classes canceled, left the apartment and, over the following months, it was impossible to find new tenants. Not being able to pay two mortgages. She was forced to sell the house she lived in. “All of this has affected her mental health so much that she is on sick leave due to depression and anxiety, and is therefore reliant on the money she receives from support.”
Now, thanks to Repara tu Deuda Abogados and the Second Chance Law, the bankrupt can leave without debt after the Commercial Court No. 2 of Alicante (Valencian Community) dictated the Exoneration of Unsatisfied Responsibilities (EPI) in his case, with which He is freed from all his debts, which amounted to 438,000 euros.
