Posts by On Behalf of Giddens & Gatton Law, P.C.
Protect yourself: Know the signs of debt relief scams
There is no doubt that struggling with debt is difficult. It can significantly strain one’s financial and emotional health, as they stress about how to pay off debts and cover monthly expenses at the same time. The stress and stigma of debt can make individuals want to find the fastest route to debt relief as…
Read MoreMedical bills still the most common reason for bankruptcy
A visit to the doctor’s office can be expensive. And yet, it is impossible for individuals to predict when they or a loved one will need medical care or suffer a medical emergency. Therefore, it is not easy for New Mexicans to plan for how they will pay for medical issues. This never-ending cycle is…
Read MoreIs your credit card spending leading to financial crisis?
Most people in New Mexico have credit cards, and there are many reasons why this type of debt accumulates. When you think about the amount of debt that people carry, you may assume that it’s because of medical emergencies or other unexpected costs they could not pay for out of pocket. In reality, credit card…
Read MoreWhat you should know about the bankruptcy trustee’s role in Chapter 7 cases
When someone files a Chapter 7 bankruptcy, a trustee is appointed to administer the bankruptcy estate. Understanding the chapter 7 trustee’s role in bankruptcy can help individuals prepare for the process and know what to expect. Here is a brief overview of the trustee’s role in Chapter 7 bankruptcy. A quick note Every individual in New Mexico…
Read MoreWill summer child care break your bank?
You remember the summers of your childhood. Those lazy days of sleeping late, playing at the pool or sprawling in front of the TV are a thing of the past. What you would not give to have off between June and September. Part of adult life is getting up each day and working to earn…
Read MoreWhat you should consider before filing for Chapter 7 bankruptcy
Making the choice to file for bankruptcy is not easy. If you are considering this choice, it is probably because you are struggling with debt and unsure of how you will manage your payments on your own. While bankruptcy may not be your first choice, it could be a viable way by which you can…
Read MoreWhen is the right time to regain control of your finances?
When it comes to significant life events, such as getting married or starting a family, most people struggle with determining when the time is right to move forward with a decision. But considering the unpredictability of life, there is often no perfect time for many of the decisions you have to make. In terms of…
Read MoreA look at credit counseling: What is it?
Before filing Chapter 7 bankruptcy in New Mexico, it is a requirement for individuals to complete a credit counseling course. Considering bankruptcy can already be a stressful decision, but entering into it prepared can help relieve some of that stress. So, here is an overview of how mandatory credit counseling works. Counseling helps individuals understand their…
Read MoreWhen could my discharge be denied?
The bankruptcy discharge is what gives individuals a fresh start. The court issues a discharge that frees individuals from repaying their debts. Many people believe that they will receive their discharge automatically. And sometimes that is the case. However, there are a few instances that could result in the bankruptcy court denying someone’s discharge. Understanding…
Read MoreTips for handling creditor harassment
Falling behind on loans and other payments is extremely stressful. And that stress only increases when creditors begin harassing individuals to make up for missed payments. This harassment can increase if someone does not have the assets to pay their debts. The first thing that anyone facing creditor harassment in New Mexico should know is…
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