Supreme Court Lets Retired Man Keep Debt.
The Spanish Supreme Court reversed a previous ruling. The court said a retired man was responsible for debt. He took out loans to help his family during the pandemic.
A retired man owed €20,242. He borrowed money to support his daughter and son-in-law. The daughter and son-in-law worked in the hospitality industry. They were placed on an ERTE scheme. The court decided the debt was ‘fortuitous,’ meaning it was a bad luck situation.
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Highlights
Supreme Court Ruling on Debt
The Spanish Supreme Court decided the pensioner’s debt was ‘fortuitous’.
Debt Accumulated for Family
The man took on debt to help his daughter and son-in-law.
Daughter's Employment Situation
His daughter worked in the hospitality industry on an ERTE.
Insolvency and Court Correction
The court initially ruled against him, but now corrects the decision.
Use of Second Chance Law
The man used the Second Chance Law to manage his debt.