This Orihuela Court of First Instance No. 2 Canceled more than 95,000 euros of debtp. This is a new practice situation in the so-called province. Second Chance LawAllowing citizens since 2015 to take advantage of the bankruptcy figure just like companies and receive the benefit known as exemption from unfulfilled obligations. That is, to have his debts forgiven and not to account for his lifetime debt as before.
In this case, the affected person is a resident of the Orihuela judicial district. In 2007 he decided to issue a credit card, According to Antoni Galve, legal director of Repara tu Deuda Abogados, the specialist law firm that handles the procedures. As usual back then, interest in the card was very high, 24%This led to a rapid increase in the amount of unpaid loans in a short time.
As if that weren’t enough, due to a series of events in 2012, the man went to receive disability pensionz They only reach half of the Minimum Inter-Occupation Wage, which reduces their ability to pay and aggravates their economic situation.
Hired to try to solve this a new card to handle payments The previous loan, which further increased the debt until the affected party was unable to face the debt it was carrying and had already exceeded 95,000 euros by that time. Also, the man did not have any related assets to pay or reduce this amount.
Therefore, it was May of this year when he contacted Repara tu Deuda and started the procedures to take advantage of the so-called Second Chance Law. more and more individuals The court finally exempted the man from the debt, which amounted to 95,265 euros, after confirming that all the conditions were met.
With the heat of the opportunities offered by this law, the demands of real persons caused an increase in bankruptcies. Thus, in the first nine months of the year already 717 requestsMore than 300 correspond to private citizens.
Antoni Galve, in the coming months keep rising This process has also been simplified by the new bankruptcy law as more people become aware of the possibility of getting out of this debt.
Source: Informacion
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