Repara tu Deuda Abogados, a law firm specializing in the Spanish Second Chance law, has achieved a debt cancellation in Paracuellos de Jarama (Madrid). Through the management of Repara tu Deuda Abogados, the Court of First Instance No. 4 of Torrejón de Ardoz (Madrid) has dictated the benefit of exoneration of the unsatisfied passive in the case of a man who had accumulated a debt of €18,400 that he could not cope with. As explained by the lawyers of Repara tu Deuda, his state of insolvency originated when he applied for financing to embark on a business venture, opening his own business, which failed. The debtor started a new job afterwards, with a variable salary that affected his ability to pay back his credits. Therefore, Repara tu Deuda highlights that the Second Chance law aims to offer a second opportunity to anyone in a state of over-indebtedness to eliminate the stigma that people who have experienced economic setbacks suffer. So far, the law firm has helped over 20,000 clients across Spain, and it hopes to continue growing as the law becomes more known and due to the current economic situation.
