Bankruptcy is, simply put, not a life sentence. It is not an indication of failure. It is not the rock bottom, or the end of your financial life. Bankruptcy is there to help people get back on their financial footing after a rough stretch of late payments,...
Month: August 2018
When medical creditors come knocking, consider bankruptcy
Millions of Americans struggle with overwhelming medical debt. It is quite common for families to start crowdfunding pages to get help with medical expenses, to take out personal loans, to max out credit cards and more just to get the bills paid. Sometimes, though,...
Things to Consider when Starting a New Business
Starting a new business can be exciting. However, it's important not to get so caught up in the excitement of launching a new venture that you neglect the basics. One of the most important decisions involving a new business is choosing a type of business entity....
Battery company chooses Chapter 7 bankruptcy for debt relief
A company in another state that manufactures batteries has been having some serious financial problems. Many New Mexico business owners can no doubt relate to that. When a business tries various ways to overcome such issues but proves unsuccessful, there are often...
How to clear up clouds on a property title
Investing in commercial property can be a lucrative way to make a living. Perhaps you are new to real estate investing, or maybe you are a seasoned entrepreneur. Whatever the case, you have come across a property with questions on the title. Before you can move...
Dealing with an Unproductive Employee
Nearly every company with more than one or two individuals is faced at some point with an unproductive employee. Dismissing employees is costly and can leave employers open to adverse legal action. However, sometimes it is the only viable alternative. Here are some...
Commercial real estate trouble? Support available in New Mexico
The New Mexico real estate market has its ups and downs, like most other businesses. If you run into commercial real estate problems, do you know where to seek support to find the swiftest and strongest solution that has the least amount of negative economic impact...
The dangers of rushing commercial lease negotiations
There are many time pressures New Mexico business owners can face when trying to lease space for their company. This could tempt them to simply push through lease negotiations as fast as they can once they find a space they like. However, it is important to keep...
Company files for Chapter 11 bankruptcy, a second time
New Mexico business owners may relate to a high-end furniture company's current financial situation, especially those who have known their shares of ups and downs where costs and profits are concerned. It's the mother company for several well-known furniture...
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