Second-chance law or, rather, of ' mercy '
Until very distant dates, the debtor's physical person had to continue to pech with his outstanding debts, for the remainder of his days, or even his descendants, even if he had lost everything and his insolvency situation would not have been due to tortious conduct. As long as the bankruptcy of the legal person concluded in general with the extinction of the unpaid appropriations, a similar assumption was not envisaged for the natural persons, whose personality logically does not extinguish with the conclusion of the Clearance contest. Law 14/2013, of 17 September, of support for the entrepreneur, meant for the first time an attempt to equate the natural persons with the legal, in a point to allow the cancellation of outstanding debts after the liquidation, but was so high the liabilities that He necessarily had to attend to the particular to be forgiven the rest of credits, which did not serve much. 151012Circular_09 -2015 _ Segunda_oportunidad