Posts by On Behalf of Giddens & Gatton Law, P.C.
How overdraft fees can get you into trouble
Of the annoying fees that banks charge for the “privilege” of accessing your money, overdraft fees are arguably the most nerve-wracking. Most banks charge $35.00 for each purchase that exceeds the amount currently in the account, on top of the actual cost of the offending purchase. So that $4.00 mocha frappuccino that overdrafts your account…
Read MoreWhat can you do after a judgment?
People embroiled in financial difficulties may have more to deal with than just past due credit card bills and the threat of foreclosure. They may also be tied up in lawsuits where the specter of a large judgment is present. Consumers in this situation may think that the judgment may ruin them forever, and that…
Read MoreBasic steps in commercial property valuations
The basic tenet of real estate investing is to buy low and sell high. While that may seem simple enough, determining the actual worth of a property is not always easy. Several factors are in play, including the current state of the property, the extent of repairs or renovations required to make the property ready…
Read MoreSecured debt and unsecured debt defined
If you are considering filing bankruptcy, you are probably concerned about what types of debt you may be entitled to eliminate or discharge. This is a common and legitimate concern. After all, if you are saddled with just as much debt after bankruptcy than before it, or if your standard of living is markedly worse…
Read MoreHow Good is Your Budget?
Nearly everyone has experienced financial distress at some point, whether through a financial emergency or simply bad decisions concerning money. However, creating and following a budget goes a long way toward reining in your finances. Measure Income versus Monthly Expenses At its most basic element, a budget is nothing more than an accounting of the…
Read MoreWhen tax debt may be eliminated through bankruptcy
If tax season is time of worry and turmoil about how much you owe Uncle Sam, or how you will ever get out from under tax debt, this post may be for you. Bankruptcy can be a helpful tool to discharge old tax debt and create a viable plan to escape crushing debt at the…
Read MoreFacing foreclosure? You may have more options than you think.
At the Albuquerque law firm of Giddens & Gatton Law,amp; P.C., we help people across New Mexico facing severe debt problems to find legal solutions. Unfortunately, debts quickly mount when a consumer is faced with unexpected job loss or a medical crisis, often putting his or her home at risk of foreclosure when mortgage payments…
Read MoreGG&J Gives Back
At Giddens & Gatton Law, P.C., our primary mission is providing “Expertise with Compassion” for our clients. That mission extends beyond our legal practice to reaching out to the community through various charitable initiatives such as participating in the annual Run for the Zoo and volunteering for Toys for Tots during the holiday season. Of…
Read MoreFor senior citizens, bankruptcy can be an answer to debt problems
Here at Giddens & Gatton Law,amp; P.C., we help people from all walks of life whose debt problems have become overwhelming. Nowadays, it is becoming more common for senior citizens to consider bankruptcy as a realistic answer when retirement has become weighed down by debt. Bankruptcy is socially acceptable now Retirement should be a time…
Read MoreDischarge of student loans in bankruptcy under scrutiny by U.S. DOE
Last month, we blogged about the challenge of getting student loans discharged in bankruptcy. In that post, we talked about the legal standard of “undue hardship” that must be met in New Mexico to have your student loans discharged in bankruptcy. Undue hardship Because the federal law does not define “undue hardship,” U.S. bankruptcy courts…
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