Posts by On Behalf of Giddens & Gatton Law, P.C.
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 possible? Regardless of whether you have encountered problems regarding…
Read MoreMillennial generation starting own businesses at a record pace
Millennials are often unfairly blamed for “ruining” certain industries, among them sit-down restaurants, diamonds, fine jewelry and more. Regardless of whether this is true, millennials are also being credited with innovation in business, as more of them are starting their own businesses or pursuing freelance opportunities than ever before. Thousands of the millennial generation (those…
Read MoreErase bad debt with the help of bankruptcy
Debt could be either good or bad depending on the intentions of the debtor. For example, a mortgage loan that has a payment within 36 percent of the borrower’s monthly income would be a good debt. On the other hand, if the payment on a New Mexico property is more than a third of the…
Read MoreBankruptcy and divorce
While it’s true that many American bankruptcies stem from medical expenses, job loss or sudden loss of income, a fair amount of them relate to divorce. A divorce means divvying a single household – and its income – into two. This means twice the expenses, twice the utilities, twice the mortgage or rent payments, etc.…
Read MoreRecovering from bankruptcy
When you are thinking about filing for bankruptcy, you may find yourself wondering about what the long-term impact will be. You might worry you won’t ever be able to have a credit card, buy a new car or get a mortgage. Thankfully, these worries are unfounded. All of these things are possible following a Chapter…
Read MoreTax debt and bankruptcy discharge
Most debtors assume that tax debt, like student loan debt, are simply non-dischargeable even while many other types of debts are. What most don’t realize, though, is that while that is generally true, particularly for Chapter 13 filings, it might be possible to discharge limited tax debts under certain circumstances in a Chapter 7. So,…
Read More“A Night at the Ritz” Charity Gala
Hello, We invite you to join Giddens & Gatton Law, PC, at our annual charity gala, “A Night at the Ritz,” scheduled for Saturday, August 11, 2018. The gala will be held once again at the Tanoan Country Club. Proceeds from this year’s events will once again be donated to Paws and Stripes. Our goal…
Read MoreStorefront loans in New Mexico: what you should know
Storefront loans (also widely known as “payday loans” or “short-term loans”) are notoriously predatory in nature. So much so that the New Mexico legislature took the extraordinary step of capping interest rates, demanding a minimum number of payments and extending the repayment period for this type of loan. Whereas before, lenders charged upwards of 400-500…
Read MoreWhat is a creditors’ committee?
If you are a creditor, one thing that might fill you with worry is if a business that owes you money ends up in bankruptcy, such as Chapter 11 bankruptcy. You may worry about whether the debt will be repaid and whether your rights and interests will be protected during the bankruptcy process. These worries…
Read MoreThe future of commercial real estate in Albuquerque
It is no secret that New Mexico’s commercial real estate market has lagged behind other regions in the southwest when it comes to growth. However, performance with retail and multifamily housing is in line with historical averages. Because of this, it is increasingly important for entrepreneurs and real estate investors to carefully analyze the potential…
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