If you've fallen behind on bills, seen your debt grow out of control and are avoiding phone calls from aggressive and angry creditors, it may be time to speak with a Santa Fe bankruptcy attorney.
Talking with a Santa Fe bankruptcy attorney is a smart way to calmly assess your current situation and avoid making rushed decisions.
Filing bankruptcy may put a stop to creditor harassment and help you protect your home and property from foreclosure and repossession. In New Mexico, bankruptcy is designed to provide serious relief to anyone struggling to keep their heads above debt.
If you're struggling with debt, you need to take an honest look at all of your debt relief options.
A Santa Fe bankruptcy attorney can walk you through the bankruptcy process and explain how filing bankruptcy can impact your debt and change your life.
Start taking action against your debt today. Contact a local sponsoring Santa Fe bankruptcy attorney by filling out the free case evaluation form on this page or calling us toll-free at 877-349-1309.
When you file bankruptcy your attorney may take you through what is called a "means test." This takes into account your income, debts, assets and financial goals.
The means test can be used to determine which type of bankruptcy may offer you the most debt relief and asset protection.
Chapter 7 bankruptcy may be a good option if most of your debt is unsecured. Examples of unsecured debt include debt from credit cards, medical bills, utilities, personal loans and payday loans. During Chapter 7 your unsecured debts may be discharged completely. And, thanks to New Mexico bankruptcy laws, you should be able to keep most of your property, including your home and car. There is no property sale during most Chapter 7 bankruptcy cases.
Chapter 13 bankruptcy is unique from Chapter 7 bankruptcy and provides different protections. Typically, Chapter 13 may provide more extensive property protection, because your debts are ordered and secured by the court. Then, instead of paying your creditors individually, you would make one payment to a trustee during your court-approved timeline. You might be interested in this if you own multiple cars or lots of property, for example.
When your financial future is on the line, you don't have to let your decisions be governed by angry creditors who may push you into a decision that's best for them but not for you. Talk to a bankruptcy attorney who can assess the situation with your best interests in mind.
When it comes to learning about bankruptcy, a Santa Fe bankruptcy attorney may be your best resource. Simply fill out the free case evaluation form on this page or call us toll-free at 877-349-1309, and we'll connect you with a bankruptcy lawyer.
Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.