When faced with debts you can’t pay, bankruptcy often seems like the only course of action. To be sure, bankruptcy is an excellent option to help you get out from under the crushing weight of debt. But there are other options.One is a mutually negotiated debt...
Year: 2018
Who has to pay off the debts after a divorce?
Discussing debt is one of the more tense aspects of a divorce. Who pays off which debt? If there are any assets, which ones offset the debt?New Mexico is a community property state. This means each partner keeps what they brought into the marriage whether it’s...
Should you choose Chapter 7 or Chapter 13?
Filing for bankruptcy is an intensely personal decision that requires careful consideration. Once you decide to file, you must next choose whether Chapter 7 or Chapter 13 is best for your unique situation. An experienced bankruptcy attorney can help you decide which...
Creditors’ rights: options for getting paid
Your business works hard. You, as a creditor, deserve to be paid for your efforts. Sometimes, though, your customers simply don't pay their bills on time. You may be wondering what your debt collection options are, both in and out of the courtroom. Non-judicial...
David’s Bridal files bankruptcy
Much to the chagrin of brides across the country, renowned bridal gown chain David's Bridal recently filed for Chapter 11 bankruptcy protection on November 19, 2018. The company missed a large debt interest payment back in October, and announced the prospective...
Should you file a Quiet Title action or a Quitclaim deed?
If you are looking to remove someone else’s claim to a property, you’ll need to know the difference between the two.In many different instances, you may need to remove a person’s name from ownership over property. These formal documents and legal...
What debts are nondischargeable in a Chapter 7 bankruptcy?
Chapter 7 bankruptcy is well-known as a debt relief mechanism because it is so effective at relieving the debtor's financial burdens. Even so, there are certain types of debt that will remain after the debtor receives a Chapter 7 discharge.This post will address the...
What happens if I file for bankruptcy without my spouse?
In some instances, it makes sense for both spouses to file for bankruptcy together. In other cases, however, it's more beneficial for the couple that only one spouse files for Chapter 7 or Chapter 13 bankruptcy.An experienced bankruptcy attorney can help a couple...
Signs bankruptcy might be right for you
We've all had financial difficulties from time to time. A sudden expense, like a broken appliance or a flat tire, might have taken an unexpected chunk out of our bank account and left things a bit tight until our next paycheck.There's a difference between being a bit...
Mattress Firm files for Chapter 11 bankruptcy
Nationwide mattress retailer Mattress Firm recently filed for Chapter 11 bankruptcy. The filing comes amidst dwindling profits and increased competition from online start-up companies like Casper, Leesa, Saavta and Nectar. As part of the bankruptcy restructuring, the...
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