Bankruptcy

When a relationship becomes serious, the couple often starts to carefully consider their finances. After all, a long-term commitment like marriage usually means two people will combine their finances. As you consider both your assets and debts, you may wonder: will your partner’s financial situation affect yours if they filed bankruptcy in the past? The…

As New Mexico residents prepare for the holidays and the start of a new year, it is common to reflect on the past year. This practice is widespread, with even the government and courts gathering data on the events of the year – especially in terms of finances. So, what is the latest information on…

By Elizabeth Friedenstein, Associate Attorney, Giddens + Gatton Law, P.C. Are you facing foreclosure? New Mexico has up to $20,000 available in FREE money to help homeowners! The Homeowner Assistance Fund is a federal program to help homeowners impacted by COVID-19 catch up on mortgage and utility bills. The fund has been distributed to New…

There are countless myths when it comes to bankruptcy. Many people believe myths such as only financially irresponsible people file bankruptcy, or that filing means they will lose everything. Some of the most common myths surround your credit. Here, we will discuss some of these. Myth: Bankruptcy permanently damages your credit Fact: It is true…

Dealing with debt and financial issues can feel very isolating. You might feel like the only person struggling as you try to escape the pressures of debt. This isolation can make it seem like debt is not a common issue, or that bankruptcy is not a common solution. Is that true? What do the statistics…

The federal government has many programs available to assist citizens and their families if they face financial hardships. This financial assistance can make a big difference for families struggling to make ends meet. However, the United States Census Bureau reports that families who receive at least one kind of government aid held about the same…

Financial struggles can crop up quickly and often without warning. Thankfully, there are various options that you can pursue to find relief from debt and get a fresh start. However, many New Mexicans considering these options often wonder: when is it the right time to seek such debt relief? When should you file? It is…

With the holiday season fast approaching, you might be feeling anxious about your plans – and your budget. It is common for individuals to rack up debt with all of the holiday spending across New Mexico and the country. However, if you already face financial stress, how can you keep that stress and debt from…

The holiday season can be a time of joy, but it can be stressful as well. After all, it often means an increase in spending on food, gifts, travel and more. If you are already facing significant debt and financial difficulties, it can cause even more stress. This can lead many to wonder when they…