A. veteran According to the Debt Relief Association, which defended the party in court, he managed to get the Court of First Instance No. 1 of San Vicente del Raspeig to forgive his debt of 31,933 euros thanks to the Second Chance Law, and He pointed out that the decision cleared him of “100% of the obligations” He stated that his reputation was firmly committed and allowed him to start from scratch.
The former soldier, who managed to have his debt forgiven, returned from his last duty mission in Iraq He was very psychologically affected and decided to change his life. He planned to start a business in the digital sector, in the field of new technologies, but this failed. According to the Debt Relief Association, he had the misfortune to “cross paths with some gurus from this world who encouraged him” along the way. invest in training courses with the idea of earning an income that will never come”.
Credits
In order to make this investment, he requested different loans with the hope of being able to pay it back when he started earning income. But this never came true and he “found himself in a very real nightmare, with unemployment and increasing debts “Every day that passes.”
With the psychological help he needed, he accepted that these bad decisions would not mean the end of his main idea: He needed a solution to change his life and leave the army, to truly start from scratch.
He then went to: Debt Relief Association and the business’s lawyers advised him to declare bankruptcy and take advantage of the Second Chance Act.
The first benefit achieved by this procedure is the economic hearing of the debtor: all payment obligations to creditors are suspended and the implementation of the embargo is paralyzed. This provided relief for the borrower because it allowed him to save money from month to month.
Once the process began, he tried to make an agreement with creditors to “face an acceptable amount of debt.” bona fide debtor“, but was met with rejection from creditors.
He then requested the courts to clear 100% of his debt, and the Court of First Instance No. 1 of San Vicente del Raspeig gave him the “long-awaited second chance”.
Debt Assistance Association reminds that a number of conditions must be met in order to benefit from the second chance application: Bankruptcy of the relevant party, He has not been acquitted in the last five years and has no socioeconomic crimes.
The decision agreed upon by the San Vicente court was published on 18 October and the granting of BEPI (Unsatisfied Obligations Exemption Assistance) meant that this debtor was released to pay 31,933.66 euros. From then on, the business partner’s creditors (BBVA, among others) will not be able to demand further payments from the former debtor or include him in their default files.
Debt Relief Association has already achieved this year: More than 30.2 million were pardoned All over Spain, thanks to the Second Chance Law.