Affordable Bankruptcy Representation
for
New Mexicans
Get your quality of life back with affordable Chapter 7 Bankruptcy representation in New Mexico. Free yourself from the stress and hardship associated with high interest or high balance debt from credit cards, medical bills, loans, payday or title loans, or other types of consumer debt.
Affordable Bankruptcy Solutions
Flat Rate Representation
Affordable Flat Rate Representation is a cornerstone in our commitment to providing high-quality legal services that are accessible and transparent. It’s not just about solving legal issues; it’s about creating a partnership with our clients, where their peace of mind is prioritized, and their financial recovery is the shared goal. Embrace a future free of hidden costs, surprise bills, and financial uncertainty with our consumer-centric approach to legal representation.
FAQs
Below is a list of frequently asked questions.
What is Chapter 7 Bankruptcy?
Chapter 7 Bankruptcy, often referred to as “Liquidation Bankruptcy” or “Straight Bankruptcy,” is a federal legal process designed to help individuals and businesses eliminate their unsecured debts or reorganize them under the protection of the bankruptcy court. This form of bankruptcy is typically sought by those who have limited income and are unable to pay back their debts.
Who can benefit from filing Chapter 7 Bankruptcy?
Individuals struggling with overwhelming debt and are unable to meet their financial obligations can benefit from Chapter 7 bankruptcy.
Chapter 7 bankruptcy can be a viable option for those who are unable to pay their debts and are looking for a fresh financial start. However, it’s crucial to consult with a knowledgeable bankruptcy attorney to evaluate personal circumstances, understand the implications, and determine if Chapter 7 is the right choice or if other debt-relief options are more suitable.
Who qualifies to file Chapter 7 Bankruptcy?
Individuals with consumer debt who have not obtained a Chapter 7 discharge in the last 8 years or a Chapter 13 bankruptcy in the past 6 years, and who qualify under the Means Test, which looks at income and expenses, household size and the amount of debt owed.
How can I file for Chapter 7 Bankruptcy
The easiest way to file a chapter 7 Bankruptcy case is with the help of knowledgeable New Mexico Bankruptcy Attorneys, like the attorneys at 505 Bankruptcy. Call (505) 750-3036 to schedule a consultation today.