A breakdown of Chapter 13 repayment plans

Chapter 13 bankruptcy is a versatile and flexible debt-relief tool that allows many individuals, or married couples, to achieve meaningful debt relief. While many confuse the Chapter 13 repayment plan with debt consolidation programs or similar schemes, the repayment plan allows people to reorganize their debt through a reasonable budget. Consumers are not necessarily required…

Read More

In debt? Leave your retirement account alone.

Almost everyone in New Mexico and across the country spends years saving up for retirement. 401(k)s and other retirement accounts are often a person’s most valuable assets, thanks to the long-term contributions that they and their employer make. When people run into significant financial challenges, it can be tempting to dip into one’s retirement fund…

Read More

Could your debt lead to divorce?

If you are in debt, you know that owing people money can be stressful. While you have heard that having money does not make you happy, most people would like to have the opportunity to see whether that is, in fact, true. For single people, financial problems can certainly be overwhelming. However, for couples with…

Read More