Albuqueque, New Mexico Bankruptcy Attorney | Law Office of Jonathan M. Peake, LLC

Albuquerque / New Mexico Bankruptcy Law | Law Office of Jonathan M. Peake, LLC

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LEGAL DISCLAIMER: THE CONTENT OF THIS WEB SITE IS INTENDED TO CONVEY GENERAL INFORMATION AND SHOULD NOT BE RELIED UPON AS A SUBSTITUTE FOR PROFESSIONAL, FINANCIAL, LEGAL, OR CREDIT ADVICE. THIS WEB SITE MAKES NO WARRANTIES OR REPRESENTATIONS ABOUT THE ACCURACY OR COMPLETENESS OF THE INFORMATION PROVIDED NOR ANY OTHER WARRANTIES OR REPRESENTATIONS ABOUT THE SITE CONTENT, THE SITE ITSELF, OR INFORMATION PROVIDED IN OTHER FORMS SUCH AS EMAIL BY THE SITE, - ALL OF WHICH ARE PROVIDED ON AN "AS-IS" BASIS. ALL WARRANTIES, EXPRESS OR IMPLIED, ARE HEREBY DISCLAIMED (INCLUDING BUT NOT LIMITED TO THOSE OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE). THIS FIRM HAS BEEN DESIGNATED AS A DEBT RELIEF AGENCY THAT HELPS PEOPLE SEEK RELIEF UNDER THE BANKRUPTCY CODE.

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

What happens in a bankruptcy?

The steps in different types of bankruptcy cases as well as a time table.

BANKRUPTCY ALTERNATIVES?

Should I file for Bankruptcy? What are my options? What are the alternatives?

Many consumers look for alternatives to bankruptcy based on misinformation surrounding it as the alternatives.

ENTER YOUR INFORMATION BELOW FOR A FREE BANKRUPTCY CONSULTATION:

505.750.7702

CALL TODAY: FREE CONSULTATION

MAJOR FINANCIAL CONCERNS:

Foreclosure

Wage Garnishment

Lawsuit(s)

Loss of Income

Repossession

Creditor Harassment

Illness/Disability

Divorce

Other

OUTSTANDING DEBT ISSUES:

Credit Cards

Auto Loans

Medical Bills

Other Loans

Taxes

Pay-day Loans

Child Support

Student Loans

Other

ARE YOU BEHIND ON PAYMENTS?

Mortgage

Vehicle Loans

Other Loans

Credit Cards

Living Situation

Marital Status

Household Income

Other Concerns

First Name

E-mail Address

GENERAL INFORMATION

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 - which may be much worse, for both credit ratings/future buying potential, as well as the present.

BANKRUPTCY EFFECT ON CREDIT

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-to-income ratio is put back in healthy ranges.

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-of-control spending habits is NOT the leading cause for bankruptcy. The average bankruptcy case is a middle class family which has recently been affected by things out of their control: divorce, unemployment, unexpected medical costs.

EXEMPTIONS IN NEW MEXICO

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 - if not all - of their physical possessions, and even their house which may have a good amount of equity.

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.