The Court of First Instance number 5 of Arrecife has granted the exoneration of a debt of 30,478 euros and the closure of the bankruptcy proceedings initiated against a woman in San Bartolomé. This was made known in a ruling issued on January 3 of this year, against which no appeal is possible.
On June 11, 2022, the debtor's defense requested the conclusion of the bankruptcy proceedings and the exoneration of the unpaid liabilities, arguing that being in a situation of over-indebtedness, she did not have the economic capacity to meet the debts. In this line, she also asked not to have to pay that money with her properties and assets in the future.
The woman, who could not face the more than 30,000 euros of debt, had bought a new vehicle when an old car broke down, but suffered a breakdown and was forced to apply for a loan, explained a company dedicated to canceling mini-credits, cards, mortgages and loans. According to the note issued by Repara tu Deuda, the debtor's son went to study abroad and she had to ask for several more loans to meet the expenses.
"There came a time when she could not cope with all the payments," the company explained. It was at this point that the woman applied in Lanzarote, through Repara tu Deuda, to avail herself of the Second Chance Law.
Some of the requirements to qualify for this regulation are: not exceeding five million euros in debt, that the bankrupt has not been convicted of socioeconomic crimes (theft or fraud) in the previous ten years and that he is considered a debtor in good faith.
After redirecting the letter to the bankruptcy company, and that it did not show opposition, the Court decided to conclude the contest and exonerate those debts.