On behalf of Affordable Law, PC | Nov 30, 2020 | Bankruptcy
Filing for Chapter 7 bankruptcy may be an ideal way to eliminate business or personal debts. In a Chapter 7 proceeding, nonexempt assets are liquidated to pay your unsecured creditors. Any outstanding balances that remain after your property is sold will likely be...
On behalf of Affordable Law, PC | Oct 30, 2020 | Bankruptcy
More business owners in New Mexico are finding it necessary to file Chapter 7 bankruptcy in these trying economic times. Several parties become involved when a Chapter 7 bankruptcy liquidation takes place, but perhaps none of them play a more prominent role than a...
On behalf of Affordable Law, PC | Aug 3, 2020 | Bankruptcy
No one is surprised by the fact that a single person can file for bankruptcy. It is also common knowledge that a married couple that is experiencing financial hardship can file bankruptcy. However, citizens of New Mexico may not be aware they can file for bankruptcy...
On behalf of Affordable Law, PC | May 11, 2020 | Bankruptcy
According to the American Journal of Medicine, 62% of bankruptcies in 2007 were caused by medical debt. Furthermore, 80% of those who filed during that time period in New Mexico and throughout the country had insurance. Take a look at what you should know if you have...
On behalf of Affordable Law, PC | Mar 8, 2020 | Bankruptcy
Medical debt can be financially debilitating, especially when your health keeps you out of work. You may find a solution to your troubles in bankruptcy, and you certainly won’t be alone. Over 66% of all filings are due to some kind of medical problem. That works out...
