The Advantages of Bankruptcy When people discuss bankruptcy, it’s almost always with a negative connotation. They see it as a failure, as something to lament. But what about its advantages? When handled properly, it can be the first step along the path to financial success. Wouldn’t the greater failure be to not declare bankruptcy, and…
Child Custody There are three issues pertaining to child custody in New Mexico – legal custody, physical custody, and visitation. If you need a rundown on the differences between legal and physical custody, head over to our child custody page. Visitation and the Parenting Plan In cases where the court awards one parent sole physical…
This post is part of a two part series on divorce options in New Mexico. If you haven’t already read part 1, I recommend you do so first. Divorce Options Continued Option 3: Divorce Mediation Divorce mediation is another method of divorce that avoids the time and expense of court proceedings. In a mediated divorce,…
No Fault Divorce In New Mexico, we have what is known as unilateral no fault divorce. This means that anyone who wants a divorce can get one, no matter what their reason is or if their spouse also wants the divorce. As long as one party sees irreconcilable differences, the divorce will proceed. It is…
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…
