Filing bankruptcy can help individuals find the debt relief they need and obtain a new financial start in their life. However, many people worry how bankruptcy will affect their credit score—and therefore, many future financial opportunities.While it is true...
Month: August 2019
Seeking a mortgage after bankruptcy: What you need to know
For many Americans, buying a house is a huge milestone in their adult lives. It is a milestone of their financial independence. A home is without a doubt one of the (if not THE) most expensive assets that someone will own in their lifetime.This is why people worry...
Protect yourself: Know the signs of debt relief scams
There is no doubt that struggling with debt is difficult. It can significantly strain one's financial and emotional health, as they stress about how to pay off debts and cover monthly expenses at the same time. The stress and stigma of debt can make individuals...
Medical bills still the most common reason for bankruptcy
A visit to the doctor's office can be expensive. And yet, it is impossible for individuals to predict when they or a loved one will need medical care or suffer a medical emergency. Therefore, it is not easy for New Mexicans to plan for how they will pay for medical...
Is your credit card spending leading to financial crisis?
Most people in New Mexico have credit cards, and there are many reasons why this type of debt accumulates. When you think about the amount of debt that people carry, you may assume that it's because of medical emergencies or other unexpected costs they could not pay...
What you should know about the bankruptcy trustee’s role in Chapter 7 cases
When someone files a Chapter 7 bankruptcy, a trustee is appointed to administer the bankruptcy estate. Understanding the chapter 7 trustee’s role in bankruptcy can help individuals prepare for the process and know what to expect.Here is a brief overview...
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