Blog

Job loss isn’t the end of the road

April 24, 2020

Times are tough, but it may be comforting to know that many others are in the same boat. As unemployment continues to skyrocket across New Mexico, you may have reasonable concerns about your family’s emotional and financial well-being. That’s especially the case if you get laid-off. However, it’s important to remain diligent during this turbulent…

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Does the wage gap lead to a debt gap as well?

April 7, 2020

Since the 1960s, women have come a long way in the fight for equality in the home and the workforce. However, it is still a reality that a majority of women earn an average of 80% to the dollar that men earn. The existence of the gender pay gap can be frustrating for many women…

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Rules that could help debtors identify zombie debt

March 19, 2020

Did you know that your debts have expiration dates? In many cases, if enough time passes without your making a payment, your creditor misses their chance to file a lawsuit against you for nonpayment. These “time-barred” debts may still exist, the creditors may continue to ask for payment and you may even choose to pay…

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Filing taxes in bankruptcy: What you must know

March 17, 2020

The tax season is drawing near. Even the thought of filing taxes can lead to a significant amount of stress – especially for households already struggling with considerable debt. If individuals are right in the middle of their bankruptcy filing to handle that debt, they might have many questions about how they should proceed with…

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There are ways to manage domestic support debt in bankruptcy

February 29, 2020

Getting a divorce can impact life in many ways. It can be emotionally stressful to end a marriage and split parenting time with the kids. However, divorce can also be financially stressful. After all, individuals have to divide their marital assets, and one spouse often has to pay child support and possibly alimony. The amount…

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What do you include in the Statement of Financial Affairs?

February 27, 2020

When individuals file Chapter 7 bankruptcy, they must complete a considerable amount of paperwork. There are several forms to fill out, so the bankruptcy court can obtain an accurate look into the individual’s finances before moving forward with the bankruptcy. Filling out this paperwork can be overwhelming when individuals face significant debt. So, here is…

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