Personal credit 23,935€
Credit cards 4,793€
Social security 2,697€
Micro loan 589€
Micro loan 589€.
Up to 100%of debt waiver in case of acceptance
The Second Chance Law (Royal Decree-Law 1/2015, of February 27) may be the solution for those who cannot regularly meet their enforceable obligations, i.e. who are in a critical and irreversible situation.
*Note 07.05.2020: Lawyou informs that the publication today in the BOE of the revised text of the insolvency law generates uncertainty about the granting of the benefit of the exemption of public credit in the framework of the second chance procedure. However, there is an important current of jurists specialized in insolvency law that consider its possible concession under the protection of the grounds of STS No. 381/2019 dated July 2, 2019.