This post is part of a two part series on bankruptcy chapters. If you haven’t already read part 1, I reccomend you do so before continuing. Chapter 11 — Continued The main advantage of Chapter 11 is that no trustee is appointed. Rather, the filer maintains control of their assets or their business throughout the…
Bankruptcy isn’t something anyone wants to go through However, it can be a stepping stone to a future of financial success when handled properly. Bankruptcy is a complex process. Bankruptcies are handled by a federal court known as the bankruptcy court, and filed under a particular chapter of the bankruptcy code. The most common types…
Business Disputes In today’s fast paced, complex global business environment, business disputes are an unfortunate, but often unavoidable, fact of life. All managers dread business disputes, especially those with the potential to end in litigation. When a business dispute arises, taking the right steps is critical – in some cases, the future of the company…
Before you file for bankruptcy or foreclosure, consider a debtor and creditor workout. A debtor and creditor workout, or non-bankruptcy workout, is an agreement negotiated between you and your creditors on how to settle your debts without bankruptcy. This type of debt modification allows debtors to restructure part or all of their debt, while avoiding the…
Personal injury lawsuits are one of the most common types of lawsuits in the American court system. There are many different types of injury claims. They may result from car accidents, slip and fall incidents, dog bites, defective or dangerous consumer products, medical malpractice incidents, or other types of injuries. The foundational aspect of personal injury…
Contract Disputes – Delays, Damages, and Recovery When it comes to project delays that incur additional cost, there are two categories: excusable and inexcusable delays. Generally speaking, only inexcusable delays will allow an owner to recover damages from a contractor, or a contractor from a subcontractor. Let’s look at the difference between excusable and inexcusable…
Contract Disputes in the Construction Industry Contracts are foundational to the way we do business in the modern world. Consequently, contract violations can be very serious and costly. One area where penalties for contract disputes are common and can be very expensive is in the construction industry. Construction projects tend to involve a large amount of…
Former Students File Legal Action Against Bankrupt ITT Tech It’s been four months since for-profit college chain ITT Tech closed all of its campuses, including its Albuquerque location near Ellison and Jefferson. The shutdown came just before a bankruptcy filing on September 16th of last year, but ITT became the subject of another legal action earlier…
People often think the decision to get divorced is the end. In some ways, it is – the end of an era, the end of one phase of a relationship. But really, the decision to get divorced is just the beginning. Even if both parties agree divorce is their best option, it is still important…
3 Ways to Avoid Foreclosure in New Mexico when finances go south. When things go bad, sometimes they go really bad. Especially with money. When money sources dry up for whatever reason, it always seems monthly payments go up not down. Sooner or later if things do not improve, the mortgage on the house becomes…
Divorce Litigation Might Not Be Your Best Solution and here is why. We all know a couple or someone who has struggled through a bitter divorce and heard the nasty stories. But for all the stories, it is much better to avoid divorce litigation if possible. Having a divorce case resolved in court is expensive,…
Sole Or Joint Custody in New Mexico and how to determine the best option for the children When a couple goes through divorce there are many issues to resolve. Sometime the hardest issue of all is child custody. Following are some of the most often asked questions about sole or joint custody for children in…
