A Chapter 13 bankruptcy can be a good solution for people who need time to pay off certain debts and who have too much income for a Chapter 7 bankruptcy and enough income to meet the Chapter 13 requirements. With the help of a qualified Bankruptcy attorney, you get to keep all of your property, regardless of its value.
The Probate process in New Mexico can sometimes seem complicated. When a friend or loved one passes, called the decedent, they usually leave unfinished business. Simply put, there may be property that has to be transferred to heirs, bills to be paid, or the collection of bills owed to the decedent’s estate.
A New Mexico Chapter 7 Bankruptcy, also known as liquidation, was established for individuals. If filed and completed a Chapter 7 results in a discharge for most debts. A discharge is the final court order eliminating those debts and also operates as a protection for the debtor which prevents the creditors from taking any steps to collect those debts listed on a Chapter 7 Bankruptcy.
Real Estate issues in New Mexico are limited in variety only by the parties involved, property type, and the transaction. At Baca Law Offices we understand that each client has a unique situation and each property has its own special set of circumstances. Because of the complexity of real estate transactions, hiring experienced legal counsel is necessary to ensure that you have covered every step in your transaction.