Leading Financial and Family Law Attorneys
Chapter 13 Bankruptcy in New Mexico
Wage Earner’s Bankruptcy: A Plan To Pay Your Debt In Regular Installment.
Learn about Albuquerque chapter 13 bankruptcy in this video:
Bankruptcy Chapter 13 – Wage earner’s bankruptcy
What steps must be taken before filing for Chapter 13 bankruptcy?
What is the proposed payment plan?
Under Chapter 13, your payments must represent either
- full satisfaction of your debts or
- all your disposable income for a three- to five-year period, that is, whatever is left over from your total income after you have paid for taxes and necessary living expenses.
If there is no objection by creditors or the trustee, the plan may be more flexible. This is a particular area where New Mexico Financial and Family Law can assist you. The plan that you prepare for review by your lawyer should take into account your income from all sources and your necessary expenses. What is left from your income after paying living expenses will be available for disbursement to your creditors. Your plan must provide for payment in full of all priority claims, such as taxes, although you can arrange to pay them over the life of the plan.
New Mexico Financial and Family Law, is an Albuquerque, New Mexico based bankruptcy law firm which provides United States Bankruptcy legal services and advice throughout the state. The majority of its clients reside in the Albuquerque, New Mexico, area, i.e., Albuquerque, Bernalillo, Rio Rancho, Los Lunas and Belen. But the firm can also represent clients statewide in Hobbs, Las Cruces, Clovis, Farmington and other New Mexico cities. Our firm represents clients who reside in New Mexico and also New Mexico residents residing in out-of-state jurisdictions. Bankruptcy law, as practiced by New Mexico Financial and Family Law, addresses all of a client’s concerns; legal, financial, and emotional. Our firm attempts to settle bankruptcy cases through negotiation. If negotiation is unsuccessful then the trial skills of our attoerneys at New Mexico Financial and Family Law are brought into play. Don Harris is a well-known and respected Albuquerque, New Mexico, chapter 13 bankruptcy lawyer. Our firm not only provides the legal bankruptcy advice and guidance expected of an experienced Albuquerque chapter 13 bankruptcy lawyer, we also work with other professionals such as financial advisors, CPAs and mental health counselors to provide the firm’s clients with many of the services needed to get through their financial and personal challenging times.
The hiring of a lawyer is an important decision that cannot be based solely upon advertisements. Before you decide, ask us to send you free written information about our qualifications and experience.
Contact New Mexico Financial and Family Law Today for a Free Initial Bankruptcy Consultation!
Pursuant to 11 U.S.C. §528(A)(4) We are required to state the following: We are a debt relief agency. We help people file for Bankruptcy relief under the Bankruptcy Code.