Go back to News
NEWS
Obstacles in the second chance law | Cinco Días
Luis López Alonso, Litigation and Arbitration partner at Gómez-Acebo & Pombo, talks about the costs associated with the Second Chance Law procedure, as they are a key factor that debtors should consider before availing themselves of this legal option.
This mechanism is only cost-effective for those with a large amount of debt, as the costs of the service may make the process not economically viable for smaller debts. Although there is no legal minimum amount to benefit from the Second Chance Law, the practical reality shows that it is not usually interesting to initiate this process if the debts amount to less than 10,000 euros. 10,000. ‘There are a number of costs to be faced which, in proportion, will be too high for smaller debts’.
Press contact

Sandra Cuesta
Director of Business Development, Marketing and Communications

Sandra Cuesta
Director of Business Development, Marketing and Communications
01 / 01
More information about
Gómez-Acebo & Pombo
PUBLICATION
12 Mar, 2025
Invalidity of a patent raised as a defence: questions of jurisdiction
The determination of international jurisdiction in respect of the invalidity of a patent raised as a defence varies depending on the State — whether member or not of the European Union — in which such patent was granted.
PUBLICATION
28 Jan, 2025
Public Service of Justice Efficiency Measures Act 1/2025. A close look at the amendments in respect of court costs
In the assessment and billing of costs, courts may consider the collaboration of the parties in the use of suitable means of dispute resolution and any abuse of the public service of Justice, and “to this end the party ordered to pay may request a waiver or containment of costs after these have been billed”.
PUBLICATION
13 Jan, 2025
Introduction to the Public Service of Justice Efficiency Measures Act 1/2025 of 2 January. "Suitable means" of resolving civil and commercial disputes as a prerequisite for claims to proceed in a court of law
Presentation of the "mini-trial" system, set to revolutionise civil procedural law.