Call now to schedule your consultation: 505.503.1637

Leading Financial and Family Law Attorneys

Blog

Rebuilding Credit After Bankruptcy

Rebuilding Credit After Bankruptcy

Bankruptcy gives you an opportunity to get a fresh financial start. Having a bankruptcy on your record can cause problems if you need to apply for loans, mortgages and other financing. Though the impact of bankruptcy on your credit report and credit score can last up to 10 years, you can improve your scores quicker if you are able to rebuild credit.

read more
Debtors Can Choose Which Exemption System to Use When Filing in New Mexico

Debtors Can Choose Which Exemption System to Use When Filing in New Mexico

In most states, when filing for bankruptcy, the Debtor has no choice about exemptions. The only exemptions available to the individual in most other states will be the state exemptions. The bankruptcy code provides that state law may provide for debtors to have a choice of the federal exemptions or state exemptions in bankruptcy, and New Mexico has done so.

read more
Tax Considerations in New Mexico Divorce

Tax Considerations in New Mexico Divorce

One of the most important aspects of a divorce is for the court to determine how assets and debts are divided among spouses. New Mexico follows the “community property” legal system, which holds that all assets acquired during a marriage that are not considered separate property are community property and will be split during a divorce.

read more
How Assets and Debts are Divided in a Divorce in New Mexico

How Assets and Debts are Divided in a Divorce in New Mexico

One of the most important aspects of a divorce is for the court to determine how assets and debts are divided among spouses. New Mexico follows the “community property” legal system, which holds that all assets acquired during a marriage that are not considered separate property are community property and will be split during a divorce.

read more
Protecting creditors’ rights in bankruptcy – part 3

Protecting creditors’ rights in bankruptcy – part 3

Perhaps the most important characteristic of a bankruptcy is that is brings all of the debtor’s assets and all of their debts into the same arena so the court may weigh one against the other. When it comes time for creditors to get paid, the court will use claim priority to determine who gets what.

read more
The Expanding Roles of Alternative Dispute Resolution, Part 3

The Expanding Roles of Alternative Dispute Resolution, Part 3

The APEC online business dispute resolution program, while innovative, is not unique. Several other online business dispute resolution programs are either under development or already in use around the world. Two companies in this field of particular interest are Equivant and Court Innovations.

read more
The Expanding Roles of Alternative Dispute Resolution, Part 2

The Expanding Roles of Alternative Dispute Resolution, Part 2

According to data submitted by the US to the APEC forum, 2017 will see 942 million e-commerce business disputes. (1) According to an article by David Dodwell in the South China Morning Post, these disputes involved, on average, entities in six different nations with six different legal systems, and therefore made it necessary for the parties involved to hire six different lawyers to represent their interests.

read more
The Expanding Roles of Alternative Dispute Resolution, Part 1

The Expanding Roles of Alternative Dispute Resolution, Part 1

Alternative Dispute Resolution, or ADR, is a set of practices designed to resolve disputes between individuals as well as businesses without the need for litigation. Since it avoids the courtroom, ADR tends to be faster and cheaper than litigation, and also offers the benefit of confidentiality.

read more
Is a Debtor and Creditor Workout Right for You?

Is a Debtor and Creditor Workout Right for You?

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 disrepute of bankruptcy.

read more