Bankruptcy

Nykia Allen, the president of the New Mexico Technology Council, recently spoke optimistically about the technology sector in the state, citing a range of enterprises from tiny startups with ideas in infancy to larger tech companies with more solid financial underpinnings, according to KOB4. She continued, however, with a concern that the recent federal decision…

Since 2007, New Mexico has allowed legal, regulated use of cannabis to treat certain medical conditions. As of October, the state was home to an average of about 44,000 active medical marijuana patients, with the highest numbers using it to alleviate the symptoms of post-traumatic stress disorder or PTSD and severe, chronic pain, with cancer…

The U.S. Supreme Court recently issued a controversial decision about creditors filing claims in bankruptcy proceedings after the legal deadlines have passed to collect those debts in lawsuits. This holding may affect our clients on both sides of the issue: creditors seeking to collect on older debts as well as consumers filing bankruptcy for relief…

Retail businesses that operate largely in traditional malls and standalone stores, rather than growing their online presence, may find it more and more difficult to compete. After all, the costs of major real estate holdings and commercial leases can drive up the retail prices they must offer, lessening competitive strength. Here at Giddens & Gatton…

Today let’s shine some light on credit card debt. People do not share their credit card balances with friends and family members, considering it private. Some see the use of credit cards as a sign of weakness, but consider that credit cards have allowed some people to survive through tough times like job loss or…

Last time, an overview of the Chapter 11 process was discussed to provide you with some necessary information regarding the process and what it can do for your business. This article will delve a little deeper into what you can expect if you pursue this option to help resurrect your small business. Of course, you must…

It takes a lot to make a small business succeed. From a strong business idea to securing investors to earning a profit, success often does not come cheaply or quickly. Over time, you may find that your business is no longer able to manage financial obligations effectively. You are behind on payments, creditors are starting…

Countless individuals have experienced periods of financial struggle throughout the course of their lives. In some cases, these periods may be short-lived, while in others, it can be difficult to see the light at the end of the tunnel. Perhaps you are experiencing similar challenges, and you are feeling crushed under the financial weight of…