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Debt can feel like an insurmountable mountain, but it doesn’t have to be. While life circumstances often play a role in creating debt, certain habits can worsen debt-related situations. Understanding and adjusting the following habits can be a powerful step toward...
Advances in modern medicine have expanded treatment options for people with a variety of different medical conditions. People now have a better chance of surviving after a cancer diagnosis or major traumatic injuries than they did decades ago. However, better...
People experiencing financial hardship may decide to file for bankruptcy for their own protection. Those who file for bankruptcy can put an end to collection activity and can also discharge some of their eligible debt. Those in need of the relief of bankruptcy...
Filing for bankruptcy can result in some major changes to an individual's finances. A filer may feel immediate relief when creditors stop calling them or dismiss pending lawsuits. However, they may also experience certain financial setbacks. For example, it is common...
The average American relies on credit cards for emergencies. If their car breaks down or their washing machine stops working, they know that they can cover those expenses with a credit card now and then pay off the balance as soon as they have enough income to do so....
When New Mexico consumers file Chapter 7 or Chapter 13 bankruptcy petitions, a court order called an automatic stay is issued. Automatic stays go into effect immediately, and they protect individuals in financial difficulties from evictions, foreclosures,...
Chapter 7 bankruptcy is one of the most common types of bankruptcy filed in New Mexico. Filing this type of bankruptcy requires passing the Chapter 7 bankruptcy means test. The test determines if you have enough disposable income to repay your debts. Means test The...
Going through bankruptcy in New Mexico can be a challenging experience. It can significantly impact your financial situation, making it harder to get approved for loans, including those for cars. However, getting a car loan after bankruptcy is not impossible, and with...
It can be difficult to get a home loan after you have filed for bankruptcy. However, it is not impossible. There are a few things that you can do to improve your chances of getting approved for a loan. Rebuild your credit One of the best ways to improve your chances...
Each year, many New Mexico residents who find themselves bogged down with debt choose to file for bankruptcy. If you are struggling to pay back what you owe, you might consider going this route. You will first have to receive a bankruptcy certificate, which plays an...
