They cancel a debt of 37,000 euros to a woman who got into debt after her parents died

SPAIN / By Cruz Ramiro

The Repara tu Deuda law firm has exonerated a debt of 37,000 euros that a woman, with three dependent children, had contracted after the death of her parents and having welcomed her sister, in Mallorca.

As explained by the company in a press release, the Mercantile Court No. 4 of Palma has issued the benefit of exoneration of unsatisfied liabilities for the woman.

The lawyers who have processed this case have explained that the woman entered “a state of insolvency as a result of the death of her parents”. For this reason, “the debtor had to take care of her sister, only with her income”.

Then, and “as the bankrupt already had three children”, the lawyers have added, this woman “had to request financing with the intention of being able to return everything as soon as her sister found a job”. However, “finally, with his income it was impossible for him to satisfy all the needs”. “Now you have your cancellation and you can start a debt-free life”, they have celebrated.

As they have pointed out, “Spain was one of the European Union countries that took the longest to incorporate the Second Chance Law into its legal system, a mechanism provided for the cancellation of the debt of natural persons”. “It did so in 2015, a year after the European Commission's recommendation to launch this mechanism,” he pointed out..

It must be remembered that the Second Chance Law came into force in Spain in 2015, making it easier for claimants to cancel debts that they cannot afford.

Since then, the lawyers from Repara tu Deuda have dealt with the cases of more than 20,000 individuals and the self-employed and managed to cancel more than 160 million euros to their clients, who come from all the autonomous communities, thanks to the Second Chance Law.