Photo by cafecredit.com.   Insolvency of individuals, bankruptcy: check if you are elegible for debt relief Do you want to know more about the insolvency of individuals Act? The Spanish insolvency of individuals’ Act or Bankruptcy was passed on 2015. Since then debtors in good faith can get a...

  This article tries to explain the exceptional Spanish government measures to protect consumers during the COVID-19 regarding package travel. Updated information to May the 14th 2020. Travelling impossible due to COVID-19 The new regulations could be against the UE law and therefore void and null. The reason...

  This article tries to explain the exceptional Spanish government measures to protect consumers during the COVID-19. IMPORTANT UPDATE: Due to new regulations of May the 22nd 2020 the 14 caelndar days term to apply for the cancellation of the contract by the consumer starts on June the 4th...

  During this emergency time regulations are also in emergency. This article tries to explain easily the Spanish government measures with regards to mortgages and rent and other loans with no guarantee during COVID-19 emergency time. COVID-19 Spanish basic regulations The emergency estate was declared on the Decree...

  This article comments the last Spanish Supreme Spanish Supreme Court ruling of March the 4th 2020 on usurious interest rate on credit cards. What is usury? Nowadays usury is defined as illegal or unproportionate rate to loans. See for instance this definition. Usury laws In the UK the usury...

  This article comments on the European Union Court of Justice ruling of March the 3rd 2020 on the eventual abusive mis selling of the IRPH variable interest rate in Spanish mortgages. The ruling After all the expectation we finally have the IRPH ruling which you can find...

  EUCJ General Attorney conclusions on the IRPH official mortgage rate in Spanish mortgages. IRPH. What is that? IRPH stands for “Índice de Referencia de Préstamos Hipotecarios” and it is one of the official interest rates applicable by banks to mortgages after the most used which is the...

  The Spanish Supreme Court ruling of September the 11th 2019 settles definitely the early cancellation stipulation issue included usually in all the consumers’ mortgage contracts. The end of the story? I think so. The Supreme Court ruling is very clear and fair and gives specific instructions on...

  Many banks forced “agreements” with clients trying to eliminate the floor clauses in exchange to better interest rates but without paying all the monies overpaid by consumers back or paying back just a small amount. The validity of these agreements is expecting a ruling from...

  Case law. A default mortgage payments lead to an eviction procedure. The procedure was not notified at all to the owners until the property was repossessed by the bank. This is an interesting case law I had the honour to deal with. Facts The facts were as follows. A...