Chapter 7 Bankruptcy

Filing for bankruptcy is an intensely personal decision that requires careful consideration. Once you decide to file, you must next choose whether Chapter 7 or Chapter 13 is best for your unique situation. An experienced bankruptcy attorney can help you decide which option will give you the best outcome depending on your circumstances. Regardless of…

Chapter 7 bankruptcy is well-known as a debt relief mechanism because it is so effective at relieving the debtor’s financial burdens. Even so, there are certain types of debt that will remain after the debtor receives a Chapter 7 discharge. This post will address the most common types of non-dischargeable debts. Generally speaking, common types…

In some instances, it makes sense for both spouses to file for bankruptcy together. In other cases, however, it’s more beneficial for the couple that only one spouse files for Chapter 7 or Chapter 13 bankruptcy. An experienced bankruptcy attorney can help a couple determine if it’s best for only one spouse to file or…

A company in another state that manufactures batteries has been having some serious financial problems. Many New Mexico business owners can no doubt relate to that. When a business tries various ways to overcome such issues but proves unsuccessful, there are often solid solutions available by filing Chapter 7 bankruptcy, which is exactly what the…

When you are thinking about filing for bankruptcy, you may find yourself wondering about what the long-term impact will be. You might worry you won’t ever be able to have a credit card, buy a new car or get a mortgage. Thankfully, these worries are unfounded. All of these things are possible following a Chapter…

Most debtors assume that tax debt, like student loan debt, are simply non-dischargeable even while many other types of debts are. What most don’t realize, though, is that while that is generally true, particularly for Chapter 13 filings, it might be possible to discharge limited tax debts under certain circumstances in a Chapter 7. So,…

Of the annoying fees that banks charge for the “privilege” of accessing your money, overdraft fees are arguably the most nerve-wracking. Most banks charge $35.00 for each purchase that exceeds the amount currently in the account, on top of the actual cost of the offending purchase. So that $4.00 mocha frappuccino that overdrafts your account…

People embroiled in financial difficulties may have more to deal with than just past due credit card bills and the threat of foreclosure. They may also be tied up in lawsuits where the specter of a large judgment is present. Consumers in this situation may think that the judgment may ruin them forever, and that…