When a relationship becomes serious, the couple often starts to carefully consider their finances. After all, a long-term commitment like marriage usually means two people will combine their finances. As you consider both your assets and debts, you may wonder: will...
Albuquerque Law Blog
Get the basics of subchapter 5 bankruptcy
Opening your small business was the fulfillment of a dream. However, the last few years have not been easy for small businesses in New Mexico and across the country. For many, business fell low and debt piled high. When the Small Business Reorganization Act went into...
An eye on bankruptcy stats in 2022
As New Mexico residents prepare for the holidays and the start of a new year, it is common to reflect on the past year. This practice is widespread, with even the government and courts gathering data on the events of the year – especially in terms of finances. So,...
Free $20,000 to Avoid Foreclosure!
By Elizabeth Friedenstein, Associate Attorney, Giddens + Gatton Law, P.C. Are you facing foreclosure? New Mexico has up to $20,000 available in FREE money to help homeowners! The Homeowner Assistance Fund is a federal program to help homeowners impacted by COVID-19...
Dispelling myths about bankruptcy and your credit
There are countless myths when it comes to bankruptcy. Many people believe myths such as only financially irresponsible people file bankruptcy, or that filing means they will lose everything. Some of the most common myths surround your credit. Here, we will discuss...
5 debts that are not discharged in Chapter 7
Filing bankruptcy is an option that many people in New Mexico choose to help them manage their debts and gain a fresh financial start. This fresh start is often made possible with the discharge, where the court eliminates your debts. However, a Chapter 7 bankruptcy...
How common is bankruptcy?
Dealing with debt and financial issues can feel very isolating. You might feel like the only person struggling as you try to escape the pressures of debt. This isolation can make it seem like debt is not a common issue, or that bankruptcy is not a common solution. Is...
Will you lose your government benefits in bankruptcy?
The federal government has many programs available to assist citizens and their families if they face financial hardships. This financial assistance can make a big difference for families struggling to make ends meet. However, the United States Census Bureau reports...
What happens to the family farm in bankruptcy?
Unfortunately, it is common for individuals in the agriculture industry to face financial challenges in today’s world. Family farms work hard to provide New Mexico residents with some of the most basic needs, yet they may be struggling to pay their bills and secure...
Is there a right time to file bankruptcy?
Financial struggles can crop up quickly and often without warning. Thankfully, there are various options that you can pursue to find relief from debt and get a fresh start. However, many New Mexicans considering these options often wonder: when is it the right time to...
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