The option is open to both self-employed individuals and business owners who are affected by financial difficulties, be it through lack of activity and/or unpaid loans. Individuals in debt through unemployment or a loss of income can also apply for a second chance as can family units.
In short, the legislation allows for anyone with problems from past debt to have the opportunity to start anew. In our experience, this tool is often life-changing, particularly if you wish to set up a new business or apply for a loan in the near future.