Bankruptcy
The Unique Nature of Agriculture in New Mexico
New Mexico has a desert climate with plenty of sun and wind with temperatures in many areas hitting the 90s during the day and dropping to the 60s in the evenings. In the winter the temperature fluctuations are even more varied. The state typically has just 12 inches of rain per year. Even so, 60…
Read MoreDischarging Hospital Bills in Bankruptcy
With this month being the first for people to start shopping for health insurance under the Affordable Care Act, the question arises: Can individuals with outstanding hospital bills free themselves from paying these debts by filing bankruptcy? The answer is clearly yes. Some people who do not have health insurance and others whose policies are…
Read MoreBankruptcy of Catholic Diocese Motivated by Mounting Legal Claims
Last month the Diocese of Gallup, a Roman Catholic diocese with parishes in several New Mexico counties as well as on Indian reservations, filed Chapter 11 bankruptcy in the federal bankruptcy court. Legal claims over sexual abuse by clergy members have overwhelmed the Diocese with potential liabilities causing Bishop James Well to state that bankruptcy,…
Read MoreProtecting Creditors Rights in Arcane Bankruptcy Cases
Whenever an individual or corporate debtor files bankruptcy, federal law demands that they submit a list of all the creditors to whom they owe money. Some creditors such as the IRS and child-support recipients are among the groups that get preferences from the bankruptcy courts when determining what share of the debtor’s remaining assets they…
Read MoreGetting Your Teeth Pulled Or Dealing With Credit Card Companies – Which Is Worse?
Despite a federal law passed a few years back requiring credit card companies to provide easier-to-read notfications to its customers and to limit the fees they can legally charge customers who are overdue in paying on their account, these companies are very clever and ruthless in the manner in which they seek to collect outstanding…
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