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Many business owners believe that only big businesses can file Chapter 11 bankruptcy. This belief likely stems from the fact that when big businesses file bankruptcy, it usually becomes national news. It is not common to hear about a smaller business’s bankruptcy simply because it does not make it into popular news stories. While it…
Read MoreIn the height of the COVID-19 pandemic and ensuing shutdowns, moratoriums on rent and utility bills went into place across the country. This eased the financial burdens and stress that many households faced during this time. Even if you could not make payments, landlords could not evict you and utility companies would not shut off…
Read MoreNearly 223 million Americans have at least one social media account. For people of all ages, social media has become a part of everyday life. While several studies indicate social media can affect one’s mental health, it seems it can also impact one’s financial health. Many people might think that social media has nothing to…
Read MoreMany New Mexico business owners pour their hopes, work and finances into their business. Running their business is not only a job but often a dream that they have had for a long time. Therefore, it is natural to worry when the business comes up against debt and financial challenges. Business owners have several options…
Read MoreChange is constant in our lives. However, that does not always mean that these changes are positive. Unforeseen changes can disrupt your life – and many can impact your finances as well. So, what are some of these events that can increase the financial strain you face? 4 events that could result in bankruptcy Of…
Read MoreThere are many different chapters of bankruptcy. The chapter that a debtor selects depends primarily on their individual needs and financial circumstances. One option that is available to both individuals and businesses is a Chapter 11 reorganization. So, what does this debt relief option entail? Who can file Chapter 11? While individuals and married couples…
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