Posts by On Behalf of Giddens & Gatton Law, P.C.
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 get to be too much. If you are dealing with…
Read MoreThings 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. Considerations when Starting a New Business Along with the…
Read MoreBattery 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 solid solutions available by filing Chapter 7 bankruptcy, which is exactly what the…
Read MoreHow 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 forward, you need to establish the other party, or…
Read MoreDealing 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 things to help you determine the most constructive course of action for…
Read MoreThe 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 level-headed and give such negotiations the time and…
Read MoreCompany 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 brands. Due to circumstances the company believes are likely to get worse instead of better, owners have…
Read MoreAll Those Chapters…
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, Chapter 13, Chapter 11, and Chapter 12.…
Read MoreStruggling 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 are thrown out of whack. Chapter 13 bankruptcy may be a solution.…
Read MoreAvoiding 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 these guidelines. Get it in writing – oral contracts are sometimes enforceable,…
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