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August 2018 Archives

Moving forward after bankruptcy

Bankruptcy is, simply put, not a life sentence. It is not an indication of failure. It is not the rock bottom, or the end of your financial life. Bankruptcy is there to help people get back on their financial footing after a rough stretch of late payments, overwhelming debt, write-offs/charge-offs and other related issues.

When medical creditors come knocking, consider bankruptcy

Millions of Americans struggle with overwhelming medical debt. It is quite common for families to start crowdfunding pages to get help with medical expenses, to take out personal loans, to max out credit cards and more just to get the bills paid. Sometimes, though, things get to be too much. If you are dealing with seemingly insurmountable medical debt, it might be time to seriously consider a bankruptcy filing.

Battery company chooses Chapter 7 bankruptcy for debt relief

A company in another state that manufactures batteries has been having some serious financial problems. Many New Mexico business owners can no doubt relate to that. When a business tries various ways to overcome such issues but proves unsuccessful, there are often solid solutions available by filing Chapter 7 bankruptcy, which is exactly what the battery company has done.  

Dealing with an Unproductive Employee

Nearly every company with more than one or two individuals is faced at some point with an unproductive employee. Dismissing employees is costly and can leave employers open to adverse legal action. However, sometimes it is the only viable alternative. Here are some things to help you determine the most constructive course of action for dealing with an unproductive employee.

Commercial real estate trouble? Support available in New Mexico

The New Mexico real estate market has its ups and downs, like most other businesses. If you run into commercial real estate problems, do you know where to seek support to find the swiftest and strongest solution that has the least amount of negative economic impact possible? Regardless of whether you have encountered problems regarding a purchase agreement, zoning issues or other contract-related disputes, your key to success may hinge upon the type of support you secure.  

How to clear up clouds on a property title

Investing in commercial property can be a lucrative way to make a living. Perhaps you are new to real estate investing, or maybe you are a seasoned entrepreneur. Whatever the case, you have come across a property with questions on the title. Before you can move forward, you need to establish the other party, or parties, do not have a legitimate claim to the title on the property. You can do this by filing a quiet title suit.

The dangers of rushing commercial lease negotiations

There are many time pressures New Mexico business owners can face when trying to lease space for their company. This could tempt them to simply push through lease negotiations as fast as they can once they find a space they like. However, it is important to keep level-headed and give such negotiations the time and attention they deserve.

Company files for Chapter 11 bankruptcy, a second time

New Mexico business owners may relate to a high-end furniture company's current financial situation, especially those who have known their shares of ups and downs where costs and profits are concerned. It's the mother company for several well-known furniture brands. Due to circumstances the company believes are likely to get worse instead of better, owners have decided to work through a Chapter 11 bankruptcy to obtain debt relief while, at the same time, keeping its doors open for business.  

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