# Personal insolvency and debt discharge Source: https://iberfacil.es/en/services/debt-relief Markdown: https://iberfacil.es/en/services/debt-relief.md **In short:** Personal insolvency and debt discharge: a lawyer from our network assesses whether you meet the requirements for discharge of unpaid liabilities and, if you do, runs the insolvency proceedings with a court agent. We handle it ourselves from start to finish, with professionals from our network, with a written quote before we start and your case visible in your client area. We ask for the list of creditors, the debt contracts, your income and your assets. ## Second chance: we assess whether you can cancel your debts First consultation, viability study and quote: **Free until 5 January 2027** Tell us about your case We assess whether you meet the requirements for discharge of unpaid liabilities and run the procedure through to cancellation of the dischargeable debts. First consultation, viability study and quote: **Free until 5 January 2027** [Tell us about your case](https://iberfacil.es/en/contact) Initial retainer from 100 € + VAT* *For specific services only and subject to approval of the quote. ### The service at a glance #### What is included - Merits review with an inventory of debts and assets - Filing the petition and running the full procedure - Payment plan or liquidation, depending on the route that fits #### Price Closed price €1,149.50 VAT included €950.00 + €199.50 VAT (21%) Price valid until November 22, 2026. Prices include VAT. Public fees are separate, in your name and without a mark-up. ### WHAT IS INCLUDED AND WHAT IS NOT PROMISED Personal insolvency cancels debts, but not all of them and not for everyone: it requires good faith, and some debts are not discharged. The first step is an honest assessment of whether your case fits, because starting a procedure that will not end well only adds cost. What it includes: merits review with an inventory of debts and assets; filing the petition and running the full procedure; payment plan or liquidation, depending on the route that fits. What it does not include: not all debts are discharged: public debts and maintenance have their own rules and we explain them before we start. #### DOCUMENTS YOU WILL NEED - A full list of debts with creditor, amount and age. - Employment history, payslips or benefits and tax returns. - Deeds or contracts for any assets you hold. #### INDICATIVE TIMING We answer your enquiry within 1 working day and send the written quote within 2 working days. Once your documents are complete, we prepare the file between 10 and 25 working days. The procedure is usually measured in months; discharge through a payment plan requires completing it, and the plan lasts three years as a general rule (five in the cases set by law). See [the pricing page](https://iberfacil.es/en/pricing) for how we charge this kind of matter. ### How it works 1. **WE STUDY YOUR CASE** We take stock of your debts and assets, and the lawyer confirms whether you meet the requirements for debt discharge and which route applies. 2. **DOCUMENTS AND QUOTE BY STAGES** We ask for the list of creditors, the debt contracts, your income and your assets. Lawyer and court agent assigned; staged quote. 3. **APPLICATION AND PROCEDURE** We file the insolvency application and process the procedure until discharge or the payment plan. 4. **PAYMENT PLAN AND DISCHARGE** We follow the payment plan if there is one and remind you of each obligation until the final discharge. #### What to have at hand - A full list of debts with creditor, amount and age - Employment history, payslips or benefits and tax returns - Deeds or contracts for any assets you hold ### Frequently asked questions IS TAX DEBT CANCELLED? Only partly and within limits. We give you the specific figure in the assessment before you decide. WILL I LOSE MY HOME? It depends on the route and on the home's value against the mortgage. It is analysed case by case. WILL I COME OFF THE CREDIT BLACKLISTS? After discharge, removal can be requested. It is part of closing the file. ### RELATED SERVICES People who come for “Personal insolvency and debt discharge” often need one of these Court proceedings procedures too. If your case mixes several, it goes in a single file with a single quote. - [Deferral or instalment plan for a tax debt](https://iberfacil.es/en/services/tax-debt-deferral) - [Banking: unfair terms and mortgage costs](https://iberfacil.es/en/services/unfair-bank-terms) - [Enforcement of judgments and titles](https://iberfacil.es/en/services/enforcement-of-judgments) [See everything we do in Court proceedings](https://iberfacil.es/en/services/court-proceedings) If what you have is a situation and you are not sure which procedure applies, start with [I want to get out of debt](https://iberfacil.es/en/problems/get-out-of-debt). This content is informative and educational: it is not legal advice and does not replace consulting a professional. If you need advice on your own case, [get in touch](https://iberfacil.es/en/contact).