A man from Alicante, in the Valencian Community, managed to forgive a debt that amounted to more than 10,000 euros after accumulating different requested loans, at the same time as he tried to invest in cryptocurrencies, falling into a scam that made him lose everything. his money, therefore He found himself without his savings and with unpaid loans to repay.
Now the Court of First Instance No. 2 of Denia (Alicante) has pronounced the exemption of unsatisfied debts (EPI) in the case of this man, who will no longer have to take charge of the accumulated debt, i.e. a total of 11,425 euros.
As explained by the lawyers of Repara tu Deuda Abogados, the firm that handled this case, “the debtor began to apply for loans “Because he couldn’t make it to the end of the month.” However, with this accumulation of loans, another problem arose: “He consolidated all the loans he had outstanding, but he had an opportunity and invested.”
They stole the invested capital, plus the profits and part of what he had on the card
So, just as he was about to get back the money generated from his cryptocurrency investments, he was scammed and the invested capital, along with the profits and part of what he had on the map, have been stolen. So, “the debtor found himself without money and with unpaid debts to pay for those I couldn’t afford.
That is why he turned to Repara tu Deuda Abogados, a law firm specializing in what is called Second chance law, who obtained a debt cancellation of more than 11,000 euros for the protagonist of this story.
Spain and the second chance law
“Spain was one of the European Union countries that took the longest to integrate the second chance law into its legal system, back in 2015. We are faced with legislation whose The origin must be located in the United States, a country in which this law has been in force for over 100 years. Specialist lawyers explain this type of law, which can only be applied in certain cases.
“Personalities like Walt Disney or Steve Jobs have adopted this law. However, most of them are people in a state of insolvency who have fallen into a state of over-indebtedness, despite the efforts made to get out of it,” they add.
This specific law firm has more than 27,000 clients who respond to very diverse profiles and files. some of them They came thanks to the recommendation of exonerated people who showed in the first person what are the advantages of having used this tool.
This legislation allows individuals and self-employed workers to free themselves from their debts. if they meet a series of prerequisites. Generally speaking, it is sufficient that the bankrupt has not been found guilty of socio-economic crimes in the last ten years, that he is in a state of current or imminent insolvency and that he acts in good faith , providing the required documents.
