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Home El Dia

A Court Releases a Businessman from Paying a 174,000-Euro Debt

May 31, 2025
in El Dia
Reading Time: 1 min read
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A Court Releases a Businessman from Paying a 174,000-Euro Debt
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A Court Releases a Businessman from Paying a 174,000-Euro Debt
A businessman experienced a period of turmoil for about five years following the bankruptcy of his commercial company. A business dedicated to the telecommunications and mobile phone sector. The business did not go as expected and ended up closing with insurmountable debt. The company, made up of two partners, dissolved, but the debts had to be settled. At that time, each decided to go their separate ways to fulfill their obligations. One of them, Cristo Manuel A. G., represented by the law firm Munguía y Asociados, has achieved a definitive exemption from his debt amounting to a total of 174,816.76 euros to an individual debtor, as reflected in the now final order issued by the Commercial Court number 2 of Santa Cruz de Tenerife.

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