The Second Chance Law approved in 2015 allows individuals to cancel all or part of their debts and save their personal finances when it is impossible to meet the commitments made to third parties. Last year, a reform was approved that simplifies the process. As a consequence, the number of Valencians who resort to this possibility has skyrocketed: there were 34 people in the second quarter of 2022 and there have been 1,200 in the same period of 2023.
The data is part of the quarterly report 'Effect of the Crisis on the Judicial Bodies', which was published this Friday by the Statistics section of the General Council of the Judiciary. Only in Catalonia were more contests filed by non-business individuals in relation to its inhabitants (36.4 per 100,000 inhabitants, compared to 23 in the Valencian Community and the Canary Islands).
According to the same report, bankruptcy proceedings involving legal entities decreased in the Valencian Community by 32.8% compared to last year, going from 265 to 178; and those of natural persons businessmen fell 11.1%, from 81 to 72.
Regarding dismissal demands, in the second quarter of 2023, 4,517 were presented in the Social Courts, 42.4% more than those presented a year earlier, when 3,171 were counted. This figure places the Valencian Community as the fourth autonomous community in Spain with the highest number of dismissal claims, after Catalonia (7,160), Andalusia (5,336) and Madrid (5,230). A similar situation occurred with claims for quantity claims, which amounted to 3,222, 13.8% more than the 2,548 registered between April and June 2022.
Meanwhile, the monitoring procedures presented in the Courts of First Instance and First Instance and Investigation of the Valencian Community reached 34,940, which implies a year-on-year increase of 38.2% compared to the 25,279 filed in the second quarter of 2022. The monitoring procedure serves to claim liquid, determined, due and payable monetary debts, and includes the amounts owed for common expenses of communities of owners of urban properties.
