Posts by On Behalf of Giddens & Gatton Law, P.C.
Reorganizing your debt and keeping your assets with bankruptcy
If you are struggling with overwhelming debt, you may not know how you will ever escape your accumulating balances and harassment from creditors. You may know that filing for consumer bankruptcy can offer you a way out, but making the decision to file is not an easy one. There are many reasons why New Mexico…
Read MoreWhat is the automatic stay in bankruptcy?
When a debtor files a petition for bankruptcy, an automatic stay of all collection activities against the debtor takes immediate effect. This is a broad, temporary protection for the debtor against legal action to collect the debtor’s money or property to satisfy debts. Application of stay The automatic stay is not a specific court order.…
Read MoreAre student loans negatively affecting your standard of living?
Many New Mexicans face daunting student loan payments each month that restrict their abilities to buy homes and vehicles as well as, ironically, to begin to put money away for their own children’s future college educations. While the federal government and some private lenders offer repayment plans based on income that reduce monthly payments as…
Read MoreHow should you address medical bills?
Overall, you may have been a relatively healthy person throughout your life. However, just like any other New Mexico resident, you could face an unexpected medical emergency. This emergency can feel frightening and put your well-being at risk. In the best case, medical professionals will have the ability to treat your issue and have you…
Read MoreRebuilding your creditworthiness after bankruptcy
At our law firm, we assist New Mexicans who face insurmountable debt with facing their financial problems with creativity and from a position of strength. A variety of approaches to these issues exists, but often our clients ultimately decide to use bankruptcy as the main tool for financial recovery. Bankruptcy stays on your credit record…
Read MorePotential financial challenges for New Mexico tech startups
Nykia Allen, the president of the New Mexico Technology Council, recently spoke optimistically about the technology sector in the state, citing a range of enterprises from tiny startups with ideas in infancy to larger tech companies with more solid financial underpinnings, according to KOB4. She continued, however, with a concern that the recent federal decision…
Read MoreBankruptcy issues for New Mexico medical-marijuana businesses
Since 2007, New Mexico has allowed legal, regulated use of cannabis to treat certain medical conditions. As of October, the state was home to an average of about 44,000 active medical marijuana patients, with the highest numbers using it to alleviate the symptoms of post-traumatic stress disorder or PTSD and severe, chronic pain, with cancer…
Read MoreTime-barred debts and bankruptcy
The U.S. Supreme Court recently issued a controversial decision about creditors filing claims in bankruptcy proceedings after the legal deadlines have passed to collect those debts in lawsuits. This holding may affect our clients on both sides of the issue: creditors seeking to collect on older debts as well as consumers filing bankruptcy for relief…
Read MoreBrick-and-mortar retailers in the age of e-commerce
Retail businesses that operate largely in traditional malls and standalone stores, rather than growing their online presence, may find it more and more difficult to compete. After all, the costs of major real estate holdings and commercial leases can drive up the retail prices they must offer, lessening competitive strength. Here at Giddens & Gatton…
Read MoreDrowning in credit card debt? Lifelines are available.
Today let’s shine some light on credit card debt. People do not share their credit card balances with friends and family members, considering it private. Some see the use of credit cards as a sign of weakness, but consider that credit cards have allowed some people to survive through tough times like job loss or…
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