SECOND CHANCE LAW

Have you suffered an economic or business failure and you find yourself in an insolvency situation where you need to cancel your debts?

Probably you may be eligible for the Second Change Law and get your life back on track.

 

Read more about GPDR compliance

Responsible: Anteo ETL
Purpose: Collection of personal data in order to be able to attend to your request.
Legitimation: Subject’s consent
Recipients: No data will be disclosed to third parties, unless required by law.
Rights: Access, rectify or delete data, as well as other rights, as explained in the additional information.

What is the Second Change Law?

On 2015, the Second Change Law was passed. It is a mechanism aimed to giving business owners, self-employed or families who have suffered an economic failure and are in an insolvency situation the opportunity to restructure or cancel their debts and get their lives back on track.

To be eligible for this procedure you need to comply with the following requirements:

 

The total amount of your debt does not exceed the threshold of 5.000.000€

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You have not wilfully and maliciously caused the brought about the insolvency situation

You have not been convicted of crimes against heritage, against socio-economic order, forgery of documents, against the Public Treasury, against Social Security or against worker’s rights.

SECOND CHANCE LAW

Contact us without any obligation

Fill in the following form and our professionals will contact you as soon as possible to advise you and accompany you throughout the process.

Read more about GPDR compliance

Responsible: Anteo ETL

Purpose: Collection of personal data in order to be able to attend to your request.

Legitimation: Subject’s consent

Recipients: No data will be disclosed to third parties, unless required by law.

Rights: Access, rectify or delete data, as well as other rights, as explained in the additional information.

How do we do it?

Our professionals will be by your side and will do whatever necessary for you to be able to successfully apply for the Second Chance Law. The benefits of this proceeding are evident: your debts will be cancelled, you will be removed from the list of debtors and you be able to apply for financing again and venture into new initiatives and businesses.

FIRST PHASE

Initial contact. We will closely study your situation, offer you personalized assistance and we will set out the roadmap so you can be eligible for the Second Chance Law.

SECOND PHASE

First, we will request for an extrajudicial payment settlement with the creditors to try and negotiate the debt payment. For this purpose, an insolvency mediator is appointed to negotiate and try to reach a settlement with the creditors without you having to worry about anything.

THIRD PHASE

If an extrajudicial settlement is not reached, then the procedure will be initiated with the request for consecutive insolvency proceeding before the Court. From the very beginning, all the judicial procedures and executions will be paralyzed, including the foreclosure on your residence, evictions, the accrual of interests and administrative constraints.

FOURTH PHASE

Once the procedure has been finalized and all the assets have been liquidated, we will apply for the Benefit of Exoneration of Unsatisfied Liabilities (known in Spanish as “BEPI”), thus exonerating you from the  payment of the debts covered by this benefit.

Laura Pedreño

Laura Pedreño

Irene Pedreño

Irene Pedreño

WITH MORE THAN 30 YEARS OF EXPERIENCE

Tax advisors and business consulting

We are a highly qualified group of professionals, lawyers and economists, with extensive experience in insolvency proceedings and insolvency situations. Our long history and extensive expertise in the sector allow us to provide a comprehensive service and close attention to our customers.

Trust us. Our professionals will defend your interests and will carry out all the necessary procedures so that you are debt free without you having to worry about anything.

Leave the matter in our hands and breathe calmly.

FAQ

Frecuently asked questions

What is the extrajudicial payment settlement?

The insolvency mediator appointed by the Notary (or by the Mercantile Register if you are a business owner) will be in charge to negotiate the debt payment with your creditors by proposing write-offs, waivers and non-recourse debt, in order to reach an agreement in line with your real solvency possibilities.

If enough majority is reached, the settlement will be binding. If, on the contrary, the creditors reject the proposal, then we will initiate the consecutive insolvency proceeding.

What consist of the consecutive insolvency proceedings?

On this point, the insolvency mediator will provide an briefing  consisting of all the debtor’s relevant information, a liquidation plan for the assets and rights and a statement assessing whether or not the legal requirements are met to apply for the BEPI.

Is it possible to cancel all my debts?

By qualifying for the BEPI and provided that all the requirements are met, all debts can be cancelled, except for those owned to the Tax Authorities and Social Security and the debts for maintenance claims, for example, in the case of divorce, child support.

SECOND CHANCE LAW

Contact with us

Our professionals will accompany you throughout the procedure and will do whatever is necessary for you to successfully take advantage of the Second Chance.

Cancel your debts and start again

We will study freely your financial situation and contact you in 48 hours to inform you about the viability of the procedure. You only need to fill this formulary:

    Name and surname *


    Telephone *


    Email *


    What is your current registration address?


    What is the approximate amount of debt?


    What is the total number of creditors?


    Are there debts to public bodies?


    Indicates the amount of debts owed to public bodies.


    Are there mortgage debts?


    Indicates the amount of the mortgage debts


    What is the main reason for indebtedness?


    Indicate other cases of indebtedness


    What is your current employment situation?


    What is your monthly income?


    What are your monthly expenses?


    Do you own your family home?


    Indicate the current value of the property


    Do you have an outstanding mortgage?


    Do you have other assets in your name? (Balances, accounts, stocks, shares, vehicles, etc.)


    Indicate the current value of the asset


    Do you have a criminal record?


    Indicates offence


    Have you been in insolvency proceedings or have you previously applied for an out-of-court settlement in the last few years?


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    I have read and accepted the Terms of Use

    I hereby consent to receive information about ANTEO offers by electronic means.