Los Morancos’ Debt Relief Firm Exonerates Over 29 Million Euros in Three Years

The legal firm founded by the popular Spanish comedy duo Los Morancos, Libres de Deuda, has reported a significant achievement in its three years of operation, successfully exonerating over 29 million euros in debts for individuals and self-employed workers. The firm, established in June 2023, specializes in helping insolvent individuals take advantage of Spain's Second Chance Law (LSO) to restructure their financial obligations.

A Successful Three Years

Libres de Deuda has processed 452 resolved debt relief cases, with an additional 53 million euros currently being processed. The firm has attended to 800 clients, handled 15,000 consultations, and seen 110,000 visits to its website, indicating a strong demand for their services. Brothers Jorge and César Cadaval expressed their profound satisfaction with the project, emphasizing the joy of assisting people facing financial hardship.

"There is nothing that gives you more joy than helping people," the Cadaval brothers stated in an interview. They highlighted that the initiative began almost by chance after a friend introduced them to the LSO. With a career spanning 47 years, Los Morancos have built a reputation for seriousness and integrity, which they have carried over to their legal venture. "The trust we can give people is, above all, that we are very legal," Jorge Cadaval affirmed.

Understanding the Second Chance Law

The Second Chance Law (LSO), implemented in July 2015, provides a legal framework for individuals and self-employed professionals in Spain to overcome economic insolvency. It offers a path to restructure debts and avoid formal bankruptcy proceedings. The law has recently seen significant updates, particularly following Supreme Court rulings in February that expanded the scope of debt exoneration.

Recent legal changes now allow individuals to be exonerated from public debts, such as those owed to Social Security and the Tax Agency, up to a limit of 10,000 euros. Libres de Deuda clarifies that while this is a notable change, the specifics of public debt require careful analysis, as in certain instances, amounts exceeding this limit can also be exonerated. The requirement of "good faith" from the debtor has also been reinforced, becoming a more critical factor in the process.

Commitment to Seriousness and Empathy

Los Morancos stressed their commitment to handling cases with the utmost seriousness and transparency. "We are not going to leave anyone stranded, which is why we are demanding with the requirements of the law and our internal ones. If our team does not see a case as viable, we do not take it on," César Cadaval explained. He added that their focus is on individuals who are genuinely insolvent and have no assets.

The emotional impact of their work is profound. The brothers often deliver the news of debt exoneration to clients, recounting moments of disbelief, tears, and shouts of joy. "It is important because that person, right now, cannot sleep, is not thinking straight, because creditors are constantly calling, and it's a complete ordeal. There are even creditors who threaten," Jorge Cadaval noted.

Transparency and empathy are cornerstones of Libres de Deuda's approach. Unlike some other firms, they prioritize clear identification of their team members and ensure consistent client support. "The first thing we do is identify ourselves completely. And the person who will attend to you will be with your case at all times," they explained. They believe that clients must feel that their lawyers empathize with their situation.

Impactful Cases

Libres de Deuda handles a wide range of challenging cases, encountering individuals from various backgrounds with complex problems. The firm has witnessed significant suffering among its clients. Jorge Cadaval shared the particularly impactful case of Judith, a 23-year-old woman who accrued a debt of 25,603 euros after being a victim of fraud. Despite finding stability with a new job, a fraudulent scheme led to her taking out financial products she could not afford, causing anxiety and job loss. Her case highlights how extraordinary circumstances beyond an individual's control can lead to insolvency.

Another case mentioned is that of Alberto, a construction entrepreneur whose business was severely affected by the pandemic, resulting in debts amounting to 619,660 euros. These examples underscore the diverse and often devastating impact of financial difficulties on individuals' lives.

The satisfaction derived from their legal work complements the success of their artistic careers. "We have to thank life daily. Filling a theater after 47 years with a thousand people is not easy. With the firm, the satisfaction of knowing that things are being done well, and especially to the extent we wanted, after so many years of struggle, is immense. You see that people's lives change," the Cadaval brothers concluded.

Datos clave
| Aspecto | Detalle |
|—|—|
| Firma | Libres de Deuda |
| Fundadores | Los Morancos (Jorge y César Cadaval) |
| Deuda Exonerada | Más de 29 millones de euros |
| Casos Resueltos | 452 |
| Ley Aplicada | Ley de la Segunda Oportunidad (LSO) |

This development matters for Football Español readers as it highlights a significant legal and social initiative in Spain, demonstrating how public figures are engaging in ventures that directly impact the financial well-being of citizens. While not directly related to football, it touches upon the economic realities that can affect individuals, including those within the broader sports community.

Fuente: diariodemallorca.es (https://www.diariodemallorca.es/sociedad/2026/06/08/despacho-morancos-cancela-millones-deudas-ayudar-personas-ley-segunda-oportunidad-131138004.html)

Datos clave