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CHAPTER 7 BANKRUPTCY VERSUS CHAPTER 13 IN NEW MEXICO
Which is the better option for me: Chapter 7 or Chapter 13? What is the difference?
In New Mexico, depending on a individual’s income, assets, and goals; filing under the correct chapter may be extremely important. Learn the differences between the two chapters and which one may be a better fit for your specific situation.
NEW MEXICO BANKRUTPY LAW OVERVIEW
What is bankruptcy in New Mexico?
The basic procedures and types of bankruptcy available to New Mexicans.
THE BANKRUPTCY PROCESS IN NEW MEXICO
The steps in different types of bankruptcy cases as well as a time table.
ENTER YOUR INFORMATION BELOW FOR A FREE BANKRUPTCY CONSULTATION:
GOING THROUGH FORECLOSURE: CAN BANKRUPTCY HELP ME?
What happens after a foreclosure? Is bankruptcy a better option?
Many people are concerned with the effect of bankruptcy on their credit, but are
willing to go through a foreclosure process -
How will bankruptcy affect my credit? How does it compare to foreclosure/defaults?
One of the biggest fears surrounding bankruptcy is it’s possible effect on credit
scores, but should the consumer be that afraid? It will probably come as a shock
to many to learn that a credit score may actually increase after the filing of a
bankruptcy, due to the fact that a person’s debt-
WHY DO PEOPLE FILE FOR BANKRUPTCY IN NEW MEXICO?
Who files for bankruptcy? Don’t I have an obligation to pay my debts? What causes people to need to file for bankruptcy law protections.
People are surprised to find out that out-
What happens to my possessions, car, house, etc, in a bankruptcy?
Exemptions are property that can be protected when filing for bankruptcy. The bankruptcy
process aims to give families a fresh start by allowing them to keep a lot -
DO I QUALIFY FOR A CHAPTER 7 BANKRUPTCY IN NEW MEXICO?
I want to file a chapter 7; is this option available?
Although many people would prefer to file a chapter 7, sometimes there are considerations which prevent them from being able to. Bankruptcy planning by an attorney may also turn a Chapter 13 case into a Chapter 7 case. Find out if you may qualify for a Chapter 7.