Posts by On Behalf of Giddens & Gatton Law, P.C.
Important: Keep all bankruptcy documents
Receiving the discharge letter after navigating the bankruptcy process can bring a great feeling of relief. After all, the discharge of your debts is the goal, so you can obtain a fresh start. However, even when you obtain a discharge, there are a few more steps you must take. One step that you should not…
Read MoreHow can bankruptcy help struggling restaurants?
This past year has not been easy on anyone in the business world. In particular, restaurants are facing some of the largest financial challenges, with difficulty paying rent, bills or suppliers, all while continuing to serve customers with a reduction in profits. When struggling with overwhelming debt, many restaurant owners fear that seeking debt relief…
Read MoreIf I can make payments, am I still eligible for bankruptcy?
In today’s world, it is not difficult for debt to spiral and become a major dilemma. Perhaps you can make the minimum payments on your credit card and other pressing loans, but debt can still pile up quickly and become unmanageable. Many people in this situation worry about whether they can still file bankruptcy. It…
Read MoreWill I have bad credit forever after filing bankruptcy?
In today’s society, your credit score can play a large role in your life. It often comes into play when you make large financial decisions, such as when you rent or buy a house, purchase a car or apply for a loan. This critical role is one reason why many people worry about maintaining and…
Read MoreFive steps you must take in Chapter 11 bankruptcy
When business owners decide to file Chapter 11 bankruptcy, they suddenly have a lot on their plate. After all, pursuing debt relief on top of running a business can be complex. It is often beneficial to speak with a lawyer to understand all of the steps required of you when filing Chapter 11 bankruptcy, but…
Read MoreHow long could my Chapter 7 bankruptcy take?
Struggling with debt can be an overwhelming weight to carry. Whether it is credit card debt, medical debt, mortgage debt or a combination of many, New Mexico families want to find debt relief as soon as possible and return to what is important in life without worry. To do this, many people consider filing bankruptcy,…
Read MoreBankruptcy: How it applies to managing credit card debt
If you were to take a survey about credit card debt, it would be unlikely that you’d find any participant who could say they have never experienced it. Most people in New Mexico and throughout the country have had a balance unpaid on their credit cards at some time or another. You’ve probably noticed in…
Read MoreWill my bankruptcy discharge be public record?
The thought of filing bankruptcy can leave individuals feeling trepidation. On top of the financial stress they face, it is a tough decision to move forward with bankruptcy considering the myths and stigma that surround this form of debt relief. One concern that many people have if they are considering bankruptcy is that the records…
Read MoreWhat happens to a cosigner in bankruptcy?
Applying for a loan can be a complicated matter if an individual already has debt. That is why, in many cases, individuals will obtain a loan by cosigning with someone else. A cosigner is often a family member or even a close friend. Cosigned loans are very common – but what happens to cosigners if…
Read MoreDoes bankruptcy have a debt limit?
Many people might wonder if there is such a thing as too much debt. Could a specific amount of debt prevent them from finding debt relief? The simple answer is no – regardless of how much debt an individual has, they have options to achieve debt relief. However, the amount of debt they have could…
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