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Valladolid Court grants Unsatisfied Liability Exoneration Benefit in 55,000 euro debt case

The Court of First Instance No. 8 of Valladolid has issued the Unsatisfied Liability Exoneration Benefit in the case of a man who had a debt of a total of 55,000 euros that he could not afford.

The lawyers of Repara tu Deuda, who have been the defenders of this person in question, point out that the debtor “requested the first loans to buy a home and furnish it and also to acquire a vehicle.” After the divorce, they point out, with only the man’s payroll, “he could not meet the payment of the debt that fell to his name.”

With this, the lawyers point out that he, finally exonerated, had to “request new loans to assume your ordinary expenses and the installments of previous loans.” “Little by little he requested other loans to pay the previous ones until the situation became unsustainable and he stopped paying to assume his most essential and necessary expenses.”

Spain incorporated the Second Chance Law into the legal system in 2015. In a legislation that was born in the United States, a country in which it has been in force for more than 100 years. Well-known figures such as Walt Disney or Steve Jobs have taken advantage of it, although the majority of those who have done so are anonymous people who have found in this mechanism the solution to all economic problems.

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2024-02-17 03:05:49
#forgive #euros #man #Valladolid #divorce #pay #home #car

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