Albuquerque Law

DECEMBER 22, 2022

So, what is the latest information on bankruptcy for this last year? The three most significant statistics regarding bankruptcy from this year include: The rate of bankruptcy filings decreased: According to United States Courts , bankruptcy filings overall have decreased by 11.7% What are the statistics? as of this year.

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Albuquerque Law

MAY 10, 2022

Dealing with debt and financial issues can feel very isolating. You might feel like the only person struggling as you try to escape the pressures of debt. This isolation can make it seem like debt is not a common issue, or that bankruptcy is not a common solution. The number of bankruptcy filings varies each year.

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Sawin & Shea

AUGUST 2, 2023

The good news – the light at the end of the tunnel – is that there is an excellent way to ease these fiscal-related woes: filing for bankruptcy. What is the Best Time to File for Bankruptcy? Many people ask, when should you file for bankruptcy? There are many reasons someone might file for bankruptcy.

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Sawin & Shea

MARCH 27, 2024

Filing for bankruptcy can feel incredibly daunting, especially if you have concerns over whether it may impact your future job prospects. The sad reality is that many people hold misconceptions regarding bankruptcy filers. They believe those declaring bankruptcy are irresponsible or bad with money. What Is Chapter 7 Bankruptcy?

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Sawin & Shea

OCTOBER 11, 2023

People file for bankruptcy for any number of reasons, from job loss, to unpaid medical bills , to sky-high credit card bills. And it’s not an uncommon event either– roughly 375,000 people filed for bankruptcy in 2022 alone. There are some debts that filing for bankruptcy will not discharge.

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Roths Child Law

JANUARY 31, 2023

If you are struggling to pay your debts, you have a number of options at your disposal. If these options are not possible, you may consider filing for bankruptcy. No matter how you handle it, bankruptcy can have a lasting impact on your life. And if you mismanage it, bankruptcy can compound your financial woes.

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Sawin & Shea

APRIL 3, 2024

Filing for bankruptcy is a great financial option for those struggling with cumbersome debt. It enables you to discharge eligible debts, such as credit card and medical debt, so that you can live with a fresh start in the future. How Will Filing Bankruptcy Impact My Professional License?

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Albuquerque Law

JANUARY 13, 2022

Thankfully, there are various options that you can pursue to find relief from debt and get a fresh start. However, many New Mexicans considering these options often wonder: when is it the right time to seek such debt relief? For example, before filing bankruptcy, you may wish to consider: If you will be paying taxes soon.

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Roths Child Law

NOVEMBER 19, 2023

Nobody wants to file for bankruptcy, but it happens – and some people have it happen more than once. Many people (even former Presidents) have filed multiple bankruptcies over their lifetimes. Many people (even former Presidents) have filed multiple bankruptcies over their lifetimes. Why do people end up filing more than once?

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Sawin & Shea

JANUARY 11, 2024

Staring down mountains of debt can feel overwhelming. Medical bills, credit cards, payday loans, and struggling businesses – it can seem like the letters and calls from creditors will never stop. Bankruptcy filings for both individuals and businesses are on the rise.

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Roths Child Law

MAY 25, 2023

When debt becomes insurmountable, it can feel like there are no options available. However, there are strategies that can help to provide debt relief. One option is to file for bankruptcy. People are often put off when hearing the term bankruptcy, because there are some negative stereotypes associated with this term.

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Roths Child Law

APRIL 1, 2021

Medical bills are often unexpected. There are a few ways to handle these types of medical bills. A debtor may assume that they have very few options if they’re unable to generate enough money by crowdfunding and cannot free up money in the budget to make medical bill payments. Another option is to file for bankruptcy. .

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Roths Child Law

JULY 17, 2023

People are often grateful for the relief provided by the automatic stay that the court grants when they file for bankruptcy. However, the primary purpose of an individual’s bankruptcy process is usually the discharge of someone's eligible unsecured debts.

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Albuquerque Law

MAY 25, 2021

4 events that could result in bankruptcy. There is no telling what exactly can cause debt to become unmanageable. However, there are a few common situations that could lead individuals to seek debt relief. of bankruptcy cases cited health care costs as the primary issue that led to the filing.

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Roths Child Law

JUNE 17, 2021

Situations such as these may call for debtors to file bankruptcy. You'll need to pass the means test to qualify to file Chapter 7 bankruptcy. Bankruptcy Court conditions its decision about whether to let a debtor file Chapter 7 bankruptcy on whether they pass their means test. What is the means test, and how does it work?

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Troutman Sanders

DECEMBER 18, 2023

On December 15, the Consumer Financial Protection Bureau (CFPB) announced it had reached a settlement with medical debt collector Commonwealth Financial Systems, Inc. Commonwealth) in its lawsuit over alleged illegal debt collection practices.

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Sawin & Shea

AUGUST 23, 2023

How will I get under my debt? If worries about debt resonate with you, again, you’re not alone. The typical American household carries an average of $101,915 of debt contributing to a staggering $17 trillion of personal debt as a nation as of the end of 2023’s first quarter. Which Bankruptcy Clears All Debt?

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Sawin & Shea

OCTOBER 12, 2022

Filing Chapter 7 bankruptcy provides numerous Indiana residents with debt relief. Fortunately, the vast majority of Chapter 7 filers are able to retain all of their property while also discharging their debts. Indiana Chapter 7 Bankruptcy Exemptions. Ways to Keep Your Nonexempt Property During Chapter 7 Bankruptcy.

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Sawin & Shea

SEPTEMBER 27, 2023

Filing for bankruptcy can provide you with a much-needed second chance when it comes to your finances. If you are a victim of debt collector harassment, it’s important to know the debt collection laws, and consider your options for debt relief. What is Chapter 7 Bankruptcy?

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Sawin & Shea

MARCH 9, 2021

in 2020 due to the COVID-19 crisis, it came as a huge relief for millions of people. But for those contemplating bankruptcy, it brought a new worry. Will bankruptcy take away my stimulus check?”. This has become a common question for bankruptcy attorneys across the nation. What About an Additional Stimulus Check?

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Debt Free Colorado

FEBRUARY 17, 2023

Filing Bankruptcy for A Fresh Start in Colorado Whether you’ve lost your job or experienced insurmountable medical expenses on your credit card, or incessant calls from your creditors, you can get a fresh start by declaring bankruptcy. A bankruptcy discharge is a moment when you are no longer liable for any debt.

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Debt Free Colorado

DECEMBER 9, 2021

Are you considering bankruptcy? Bankruptcy is a challenging, life-altering experience. . If you are considering consulting with an attorney about your debt-relief options, it is essential to remember that each type of bankruptcy comes with its advantages and disadvantages. . Advantages of Chapter 7 Bankruptcy.

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Roths Child Law

APRIL 15, 2022

Medical debt is the main reason that people file for bankruptcy. The conventional wisdom that you'll sometimes hear about affording your medical bills is simply that you needed to buy insurance in the past. Even those who do have insurance often can't pay their medical bills. How high is your deductible?

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Troutman Sanders

MARCH 1, 2021

senators looks to make it easier for Americans to discharge student loans and medical debt. If passed as currently written, the Medical Bankruptcy Fairness Act of 2021 would drastically change the U.S. This is currently required for most individuals during the bankruptcy process. COVID-19); and. COVID-19); and.

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Debt Guru

AUGUST 30, 2021

When your voicemail is filled with messages from collection agencies and stacks of bills arrive in your mailbox that you have no chance of paying, it’s time for some serious debt relief help. But before you seek relief from a professional, you should understand your options. So, when should you seriously consider debt relief?

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Better Credit Blog

APRIL 11, 2022

If you’re wondering how to get out of debt, you’re not alone. In 2021, the national household debt balance reached $14.96 Since more Americans are under pressure to resolve their debt, we’ve outlined several strategies that reduce or eliminate this financial liability. What is Debt? How Debt Can Impact Your Life.

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Debt Free Colorado

FEBRUARY 21, 2022

Debt Relief Attorney Serving Colorado. Bankruptcy may appear to be a scary process, but it does not have to be. Dray Legal Office’s attorneys will endeavor to help you obtain a fresh start by eliminating debt and reorganizing your finances. Does Colorado Law Protect Me From Debt Collectors?

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Better Credit Blog

JANUARY 11, 2022

Feeling crushed by debt is one of the most stressful situations possible, but there are options. If you find yourself saddled with more debt than you can reasonably pay off in a timely manner, you can always file for bankruptcy. Ad See how much you could save by consolidating your debt! About Bankruptcy.

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Credit Corp

JUNE 14, 2023

Do You Still Have to Pay the Debt If It Fell Off Your Credit Report? Pro tip: If you can do so without tempting yourself to run up debt, keep old credit card accounts open and use them from time to time, making sure to pay off the balances immediately. The collection agency may then attempt to collect the debt anew.

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Better Credit Blog

FEBRUARY 11, 2022

Can reduce your debt by 30% on average. Rated the best debt relief company on Trustpilot. A Guide to Debt Settlement Services. If you’re on the brink of bankruptcy, a final option before filing is to try the services of a debt settlement firm. About National Debt Relief. Key Takeaways.

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Albuquerque Law

MAY 25, 2021

4 events that could result in bankruptcy. There is no telling what exactly can cause debt to become unmanageable. However, there are a few common situations that could lead individuals to seek debt relief. of bankruptcy cases cited health care costs as the primary issue that led to the filing.

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Troutman Sanders

JANUARY 9, 2024

On January 2, the CFPB issued a report noting that during December 2023, it sent $6 million in financial relief to consumers harmed by illegal lending practices targeting veterans. On January 2, the CFPB published a blog titled, “Holding Debt Collectors Responsible for False Statements.” For more information, click here.

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Roths Child Law

JUNE 28, 2021

Bankruptcy may be one of the last things on your mind if everything is going well in your life. You may feel financially stable, have a good-paying job, and not have too much personal debt. . Common life events that may lead to bankruptcy. Medical bills are one of the most common reasons for declaring bankruptcy.

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Albuquerque Law

JULY 30, 2020

Struggling with debt can be an overwhelming weight to carry. Whether it is credit card debt, medical debt, mortgage debt or a combination of many, New Mexico families want to find debt relief as soon as possible and return to what is important in life without worry.

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Albuquerque Law

JULY 30, 2020

Struggling with debt can be an overwhelming weight to carry. Whether it is credit card debt, medical debt, mortgage debt or a combination of many, New Mexico families want to find debt relief as soon as possible and return to what is important in life without worry.

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Debt Free Colorado

MARCH 3, 2023

Find Out the 10 Common Questions About Bankruptcy with Colorado Bankruptcy Lawyers. The decision to file for bankruptcy is a significant one, and we are here to assist you in determining whether bankruptcy is the best course of action for your circumstances. Do bankruptcies come in different types?

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Better Credit Blog

MAY 4, 2022

Debt consolidation is when you bundle several debts together into one larger sum and then make a single monthly repayment instead of multiple smaller ones. Consolidating debts with different interest rates and repayment schedules can make it easier to manage your finances. There are several ways to consolidate debts.

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