Second Chance Law

A Fresh Financial Start Through the Second Chance Law

The Second Chance Law (Ley de Segunda Oportunidad) offers individuals and entrepreneurs the opportunity for a fresh financial start by discharging debts that cannot be paid.

What is the Second Chance Law?

This legal mechanism allows honest debtors who cannot meet their financial obligations to obtain debt forgiveness and start over financially, provided they meet certain legal requirements.

Our Services

Eligibility Assessment
We analyze your financial situation to determine if you qualify for Second Chance Law proceedings and explain the requirements and process clearly.

Complete Case Preparation
We handle all documentation and legal filings required to initiate the proceedings, ensuring accuracy and compliance with legal requirements.

Debt Negotiation with Creditors
We represent you in negotiations with creditors to reach payment agreements or debt reductions that work in your best interest.

Full Legal Representation
Complete representation throughout the entire legal process, defending your rights at every stage.

Protection from Creditor Actions
Once proceedings begin, we ensure you receive legal protection from creditor claims and collection actions.

Guidance Toward Financial Recovery
Beyond legal proceedings, we provide guidance to help you rebuild your financial life responsibly.

Who Can Benefit?

Individuals with unmanageable debt
Self-employed professionals facing financial difficulties
Small business owners unable to meet obligations
Anyone in good faith who cannot pay their debts

Requirements

Good faith debtor
Attempted extrajudicial payment agreement
Debts below legal threshold
No prior criminal convictions related to economic crimes

We help clients understand their rights and navigate the Second Chance Law process effectively, providing expert legal support at every stage toward a fresh financial beginning.