Three years after the approval of Law 25/2015, popularly known as the Second Chance Law, which allows individuals and self-employed workers to cancel their debts, Abogados para tus deudas was created with the aim of helping people who have had bad luck in their businesses.
“At that time, the law was very unknown, and our mission was to reach as many people as possible, so they would know that there is a mechanism that helps them cancel their debts,” explains Torres. The company targets individuals who, at a certain point, got caught up with loans or became over-indebted, as long as they meet the requirements set by the law: having two private creditors and demonstrating that they have “tried to do their best,” but it hasn’t worked out.
Countries like France, Germany, or the United States already had this type of law, which aims to allow citizens to re-enter the economic cycle, thus preventing a high level of indebtedness among the population.
