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Procedimiento
How does it work?
The Second Chance Law establishes a clear and structured legal procedure that allows debtors to cancel their debts and start over. At Reestruktura, we guide our clients through every step of this process, ensuring a smooth and effective application. The process is divided into several stages:
Initial evaluation:
We perform a thorough analysis of the client’s financial situation to determine their eligibility and the viability of benefiting from the Second Chance Law.
Extrajudicial payment agreement:
We attempt to negotiate an agreement with creditors that allows the debt to be restructured in a way that is manageable for the debtor. This agreement is presented before a notary and, if accepted by creditors, avoids the need for court proceedings.
Bankruptcy procedure:
If an out-of-court agreement is not reached, bankruptcy proceedings are initiated before the court. During this process, the debtor’s debts and assets are evaluated, and a payment plan is established.
Exemption of unsatisfied liabilities:
At the conclusion of the bankruptcy procedure, the debtor can request the exoneration of unpaid debts, thus freeing himself from his financial obligations.
At Reestruktura, we aim to simplify this process for our clients, offering expert legal advice and representation at all stages of the procedure. We are committed to ensuring that each client understands their rights and options, and can fully benefit from the opportunities offered by the Second Chance Act.
Reestruktura
Specialized Services
