Posts by On Behalf of Giddens & Gatton Law, P.C.
How to file an extension for state, federal taxes
As April 15 nears and you get your taxes ready for the IRS, you may find that in some cases, the new federal tax law doesn’t jibe with state laws which makes filing state and federal taxes less than seamless. If you have trouble with your taxes, you may consider filing for a deadline extension.…
Read MoreMedical bills cause bankruptcy rates to soar for older Americans
The number of bankruptcies for people older than 65 has gone up 204 percent between 1991 and 2016, a recent study finds, and one of the main causes is skyrocketing out-of-pocket medical expenses. A recent study found a two-fold increase in the number of Americans age 65 and older who have filed for bankruptcy and…
Read MoreAmericans continue to struggle under debt
A new poll finds that of all the people in the U.S. with debt, 65 percent say they don’t know when they’ll be out from under the debt. In that group, 25 percent say they’ll still have debt when they die. The survey, released in early 2019 by CreditCard.com, saw numbers dip slightly from the…
Read MoreIn another shutdown, 6,000 in NM can file for unemployment
With more than 6,000 federal employees, New Mexico is one of the states that was most affected by the partial federal government shutdown in December and January. If lawmakers in Washington D.C. again shut down the federal government, affected federal workers can apply for state unemployment benefits. Furloughed employees include those who are not employed…
Read MoreManaging your finances after an unexpected job loss
Job security is a thing of the past. A boss who sustains a bad quarter could easily decide your job or department is the one that, if eliminated, will convince board members and stockholders to give the company another chance. That means that no matter how good you were at your job, you are now…
Read MoreHow to rebuild your credit after a divorce
In many marriages, one spouse usually handles the bills while the other earns money or takes care of the children. That’s why after a divorce, one spouse could be in for a surprise when it comes to their credit rating. Some newly divorced spouses consider bankruptcy as they look at their finances, but there are…
Read More5 important bankruptcy questions and answers
If you have never faced bankruptcy before, it is new territory. Based on your own research and experiences, you think it’s the right choice considering your situation, but that doesn’t make it any less daunting. You may still have a lot of questions. We are here to help. Below are five questions clients may ask.…
Read MoreHow to get money back after debtor declares bankruptcy
If you run a successful company, you likely do business with people who have the misfortune of not being as successful as you. In some cases, that means that person owes you money and has declared bankruptcy. Does that mean you’re out of luck when you try to recoup your debt? Not necessarily. There may…
Read MoreAppetite for Albuquerque office, warehouse space is growing
A lack of available space, high construction costs and high demand has caused the demand for office and warehouse space in Albuquerque to skyrocket, local developers say. The boom is spurred by pent-up local demand, out-of-town interest and increases in several local industries, area real estate experts say. Signs of increased growth Area experts say…
Read MoreThe benefits of a debt workout rather than bankruptcy
When faced with debts you can’t pay, bankruptcy often seems like the only course of action. To be sure, bankruptcy is an excellent option to help you get out from under the crushing weight of debt. But there are other options. One is a mutually negotiated debt modification with one or more creditors. The exercise…
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