Converting Chapter 13 To Chapter 7: What You Should Know
October 30, 2023
Converting from Chapter 13 to Chapter 7 in the realm of bankruptcy law is a significant decision that individuals or businesses may consider when facing financial challenges. Chapter 13 bankruptcy involves a structured repayment plan, while Chapter 7 offers a fresh start through the liquidation of assets to discharge debts. Understanding the process and implications…
An Alternative Option To Bankruptcy For New Mexico Residents
March 25, 2023
An Alternative Option To Bankruptcy For New Mexico Residents As of 2021, the total state debt of New Mexico was approximately $5.7 billion, according to the US Debt Clock website. This includes both general obligation and revenue bonds, as well as other types of debt. The state’s debt per capita is around $2,717. New Mexico’s…