In today’s society, your credit score can play a large role in your life. It often comes into play when you make large financial decisions, such as when you rent or buy a house, purchase a car or apply for a loan. This critical role is one reason why many people worry...
Year: 2020
Five steps you must take in Chapter 11 bankruptcy
When business owners decide to file Chapter 11 bankruptcy, they suddenly have a lot on their plate. After all, pursuing debt relief on top of running a business can be complex. It is often beneficial to speak with a lawyer to understand all of the steps required of...
How long could my Chapter 7 bankruptcy take?
Struggling with debt can be an overwhelming weight to carry. Whether it is credit card debt, medical debt, mortgage debt or a combination of many, New Mexico families want to find debt relief as soon as possible and return to what is important in life without worry....
Bankruptcy: How it applies to managing credit card debt
If you were to take a survey about credit card debt, it would be unlikely that you'd find any participant who could say they have never experienced it. Most people in New Mexico and throughout the country have had a balance unpaid on their credit cards at some time or...
Will my bankruptcy discharge be public record?
The thought of filing bankruptcy can leave individuals feeling trepidation. On top of the financial stress they face, it is a tough decision to move forward with bankruptcy considering the myths and stigma that surround this form of debt relief.One concern that many...
What happens to a cosigner in bankruptcy?
Applying for a loan can be a complicated matter if an individual already has debt. That is why, in many cases, individuals will obtain a loan by cosigning with someone else. A cosigner is often a family member or even a close friend.Cosigned loans are very common...
Does bankruptcy have a debt limit?
Many people might wonder if there is such a thing as too much debt. Could a specific amount of debt prevent them from finding debt relief?The simple answer is no – regardless of how much debt an individual has, they have options to achieve debt relief. However,...
Creditor v. debt collector: What is the difference?
When individuals get calls demanding they repay their debt, it is easy for emotions, like fear and anxiety, to take over. However, one question remains: who is calling to collect the debt? Is it a creditor or a debt collection agency? This is an important distinction...
Which type of bankruptcy best fits your needs?
If you have encountered financial challenges in 2020, you are definitely not alone in your struggle. Many New Mexico residents and others throughout the country are in the same boat. Global, national and personal economies are fluctuating systems. One or more of the...
Military families’ main worry? Financial challenges.
Military service members and their families make many sacrifices to protect the values and people of the United States.Most service members do not expect one of those sacrifices to be financial security. And yet, many military families report that debt and financial...
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