Hello, You may have seen TV commercials advertising Chapter 7 as a way to get out of debt or Chapter 13 as a way to avoid losing your home or car. However, these commercials don't tell the whole story. There are actually four chapters of bankruptcy: Chapter 7,...
Month: July 2018
Struggling with credit card debt? Chapter 13 might be an option
Anyone in New Mexico who is facing serious financial problems is definitely not alone in the struggle. In fact, tens of thousands of people throughout the nation are currently going through similar situations. Credit card debt is often a causal factor when finances...
Avoiding contract disputes
Contract disputes can bring business operations to a grinding halt. Thankfully, there are ways in which to carefully craft contracts that make such disputes less likely. When looking to draft - or sign - contracts for your business, make sure that contracts follow...
Millennial generation starting own businesses at a record pace
Millennials are often unfairly blamed for “ruining” certain industries, among them sit-down restaurants, diamonds, fine jewelry and more. Regardless of whether this is true, millennials are also being credited with innovation in business, as more of them...
Erase bad debt with the help of bankruptcy
Debt could be either good or bad depending on the intentions of the debtor. For example, a mortgage loan that has a payment within 36 percent of the borrower's monthly income would be a good debt. On the other hand, if the payment on a New Mexico property is more than...
Bankruptcy and divorce
While it's true that many American bankruptcies stem from medical expenses, job loss or sudden loss of income, a fair amount of them relate to divorce. A divorce means divvying a single household - and its income - into two. This means twice the expenses, twice the...
Recovering from bankruptcy
When you are thinking about filing for bankruptcy, you may find yourself wondering about what the long-term impact will be. You might worry you won't ever be able to have a credit card, buy a new car or get a mortgage. Thankfully, these worries are unfounded. All of...
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