Like so many leaders, he saw his economic situation readjust ten years ago with cuts At salary due to the crisis and, to meet his current expenses, he resorted to bank cards and loans, which increased considerably debt of 77,000 euros “what I couldn’t face.” Especially since divorce and went from supporting her spouse’s income to having to support two minor children.
Today, the Repara tu Deuda Abogados firm obtained, in application of the second chance law, the exemption of this sum, according to the decision of the Court of First Instance and Instruction number 1 of Catarroja (Valencia).
“The debtor’s insolvency was caused by salary cuts in 2012, at that time he could not pay the loans he had outstanding and, to avoid delays and meet daily and essential expenses, he now have to start using cards to apply for loans,” they say. detail in this legal department which handled the file.
“He thought his situation would improve with time, but when he realized this, it became untenable and he fell into a state of over-indebtedness,” they add. An economic asphyxiation without prospects which has lasted for more than ten years.
For information purposes for other persons concerned who may find themselves in situations similar to those of this manager, this law firm reminds that “this legislation allows individuals and self-employed be freed from their debts if a series of specific conditions are met. Generally speaking, it is sufficient that the bankrupt has not been convicted of socio-economic offenses in the last ten years, and that he is in a current or imminent state of bankruptcy. insolvency and act in good faith.
“You must provide all the required documents to demonstrate that you are not paying because you do not want to, but because you cannot do so due to the economic situation in which you find yourself,” they emphasize.
And in order to facilitate the procedures, they created a application (MyRepara), in addition to offering advice for analyze THE contracts signed with banks and financial entities, with the aim of verifying whether there are unfair clauses for the cancellation of credit cards, revolving cards, mini-credits, loans and mortgages, real traps of which victims of many consumers.
