Post by account_disabled on Mar 11, 2024 23:29:30 GMT -5
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A Court of First Instance of Lleida has granted the Email Data exoneration of unsatisfied liabilities to two people in debt who guaranteed a business that finally went bankrupt.
The Commercial Court of First Instance no. 6 of Lleida has forgiven a debt of 203,283 euros to a father and his daughter who guaranteed a fruit company, which suffered the non-payment of more than one million euros from the main marketing company it had when it went bankrupt.
The judge has applied the Second Chance Law to the present litigation by considering that the two actors are debtors in good faith, thus exonerating the 81-year-old man from the unsatisfied liability of 31,834 euros, and the 51-year-old daughter from 171,449 euros .
The economic insolvency of the actors was caused by the endorsement of a fruit company , which was dedicated to purchasing fruit from farmers for subsequent commercialization in the markets. For years the business gave the expected returns, even more and, therefore, both his father and his daughter requested loans that they invested in expanding the warehouses and offices , in order to increase production.