When starting a new company or moving your business to a new location, it is vital that you give careful consideration to many aspects of the lease before reaching any agreement. Some of these aspects, such as location, will have less to do with legal matters and more...
Month: November 2013
Construction Law Not Exclusively Contractual
New Mexico attorneys who practice construction law rely on the actual contracts between parties to a dispute. However, not all matters of dispute in construction cases get litigated just on the basis of contractual claims. New Mexico litigators rely on a variety of...
Chapter 13’s benefits over Chapter 7
In the last several years, many New Mexico residents, have considered whether filing for bankruptcy makes sense because they have lost their jobs, incurred extremely high medical bills or faced home foreclosures. Although many people have a general idea about...
Making Your Judgment More than Just a Piece of Paper
The owner of a plumbing company consults with his attorney because one of his customers has not paid for a large job that was successfully completed several months earlier. After sending out monthly invoices replete with late fees and monthly interest charges which...
Loan Workouts; Nipping it in the Bud
About two decades ago the acclaimed and prolific novelist, Tom Wolfe, came out with the book, A Man In Full. The novel was about a fictional developer who owned many high-rise buildings and office parks in the metropolitan Atlanta area. One of the problems this...
Exacerbating the Problem of Contract Breach
At some point in their careers, experienced business people believe they can handle certain problems without first consulting with their attorneys. This often happens when decision makers have addressed certain issues before but do not recognize a specific issue which...
Municipal and Business Bankruptcies Similar in Some Respects
On October 28, 2013, a federal judge in Michigan heard arguments from creditor groups that the bankruptcy for the City of Detroit should be dismissed because the constitution for the State of Michigan prohibits a bankruptcy court from modifying benefit payments for...
Beware of Extra Fees in Commercial Leases
When business owners look for a location for their business, they should have some concerns about negotiating their commercial lease. Unlike residential leases which often charge monthly rent and a late fee, commercial leases in New Mexico often contain many other...
In New Mexico Judicial Foreclosure Is The Typical Route
Some states provide a non-judicial route to the foreclosure of residential homes. The State of New Mexico has this option, but it is rarely used. Generally, in judicial foreclosure, a court decrees the amount of the borrower’s debt and gives him or her a short time to...
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