Bankruptcy
Rules that could help debtors identify zombie debt
Did you know that your debts have expiration dates? In many cases, if enough time passes without your making a payment, your creditor misses their chance to file a lawsuit against you for nonpayment. These “time-barred” debts may still exist, the creditors may continue to ask for payment and you may even choose to pay…
Read MoreCan bankruptcy impact your career?
Bankruptcy can be a helpful option for many people struggling with debt. However, there are many myths about filing bankruptcy that can make people wary about pursuing this option to relieve their debt. These myths cause many people to worry about how bankruptcy will impact their lives, including their careers. So, is it true that…
Read MoreReasons to file for bankruptcy sooner rather than later
Many good reasons exist for people with seemingly overwhelming debt to file for bankruptcy protection, even though it can be a difficult choice. But sometimes it’s even more confusing to know when it’s time to take action. Filing too early can have severe financial consequences if you are looking to discharge certain debts. However, in…
Read MoreAre your negative feelings tied to your overwhelming debt?
Like many New Mexico residents, you likely have your finances on your mind. However, rather than the simple thought of reviewing your savings or checking account, you may think about money constantly throughout the day. You may think of your debt as you buy lunch or wonder what purchases you can skip in efforts to…
Read MoreHow can you know if Chapter 7 or Chapter 13 is right for you?
It is not easy to make the choice to file for bankruptcy. Maybe you made this choice after months of struggling to keep up, or maybe you are tired of dealing with constant contact from creditors and debt collectors. You’ve had enough, and you’re ready to seek a better financial future through the bankruptcy process.…
Read MoreFinancial crisis symptoms that warrant Chapter 7 exploration
Many married couples in New Mexico are also in business together. In fact, some spouses were business partners long before they decided to become life partners, as well. If you and your spouse own a business together, you’ve likely encountered financial challenges at some point in your journey. If you’re like most business owners, you…
Read MoreIs filing for Chapter 7 bankruptcy worth it?
When in serious debt, most relief options sound appealing — that is, outside of filing for bankruptcy. Bankruptcy is something that you and many other New Mexico residents may feel like you need to avoid as you have likely heard nothing more than horror stories about this form of debt relief. Chapter 7 bankruptcy can…
Read MoreUltimate Guide to Credit Counseling
Do you have questions about your credit counseling courses? This guide, provided by CC Advising, gives you all the details you need to know regarding what to expect from your courses and how to complete them. Ultimate Guide to Credit Counseling.
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 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…
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