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New Mexico Lawyers Serving New Mexico's Legal Needs Since 1997

June 2018 Archives

Tax debt and bankruptcy discharge

Most debtors assume that tax debt, like student loan debt, are simply non-dischargeable even while many other types of debts are. What most don't realize, though, is that while that is generally true, particularly for Chapter 13 filings, it might be possible to discharge limited tax debts under certain circumstances in a Chapter 7.

Storefront loans in New Mexico: what you should know

Storefront loans (also widely known as “payday loans” or “short-term loans”) are notoriously predatory in nature. So much so that the New Mexico legislature took the extraordinary step of capping interest rates, demanding a minimum number of payments and extending the repayment period for this type of loan.

What is a creditors’ committee?

If you are a creditor, one thing that might fill you with worry is if a business that owes you money ends up in bankruptcy, such as Chapter 11 bankruptcy. You may worry about whether the debt will be repaid and whether your rights and interests will be protected during the bankruptcy process. These worries may be particularly strong if the debt you are owed isn’t backed by any collateral (known as unsecured debt).

The future of commercial real estate in Albuquerque

It is no secret that New Mexico’s commercial real estate market has lagged behind other regions in the southwest when it comes to growth. However, performance with retail and multifamily housing is in line with historical averages. Because of this, it is increasingly important for entrepreneurs and real estate investors to carefully analyze the potential of real estate, particularly distressed properties in order to make sound business decisions.

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10400 Academy Road NE
Suite 350
Albuquerque, NM 87111

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