Chapter 7 bankruptcy is the type of bankruptcy most individuals file to eliminate certain types of debts. Usually credit card debt, medical bills, collection accounts or any other unsecured debt can be eliminated in a Chapter 7 bankruptcy. In New Mexico, chapter 7 bankruptcies are filed in over ninety percent of the bankruptcy cases filed. Prices vary for Chapter 7 bankruptcy depending on your unique circumstances.
CHAPTER 12 BANKRUPTCY
Chapter 12 bankruptcy is designed to permit family farmers and fishermen to repay their debs over a period of time from future earnings and is similar to a chapter 13. The eligibility requirements are restrictive, limiting its use to those whose income arises primarily from a family-owned farm or commecial fishing operation. Usually a minimum retainer of $5,000 is required and furher attorney's fees are charged at $300.00 per hour.
Chapter 13 Bankruptcy
Chapter 13 bankruptcies are a type of bankruptcy that allow you to reorganize your debts to pay your creditors what you can afford to pay rather than paying them at their ridiculous interest rates and terms. Think of chapter 13 as a consolodation of your debts on terms the bankruptcy code allow and using the bankruptcy court to do so. If you cannot qualify for Chapter 7 bankruptcy, or if your circumstances dictate that you need to file a Chapter 13 bankruptcy (such as saving your home from foreclosure), please contact our office to set up an initial consultation. Retainers vary. Attorney's fees are charged at $300.00 per hour.
Student Loan Relief
Life doesn't always go as planned. When you first signed up to receive financial aid or agreed to the terms of a student loan, you were predicting what your financial situation would be like after graduation. For many graduates, things are very different now.
The good news is that there are nine different federal repayment plans that provide options for recalculating and in some cases forgiving a portion of student loan debt. Our team is uniquely suited to evaluate your financial profile and determine your eligibility for specific programs.
Other Miscellaneous Consumer Actions
In some cases, creditors do not always follow the bankruptcy laws. When a creditor violates the law, I try not to let them get away with it. I will pursue damages from creditors who consistently violate your rights by filing an adversary action against the creditor in your bankruptcy. These types of cases usually lead to debtors receiving a payment from the creditor for damages because of the creditor's eroneous conduct. Therefore, if your rights are violated after I file your bankruptcy, I will pursue these creditors and hopefully obtain a settlement for you. These cases are normally taken on a contingency fee basis which means that I do not collect a fee unless I collect something from the creditor for you.
Arvizulaw.com R. "Trey" Arvizu, III 715 E. Idaho, Ste, 3F Las Cruces, NM 88001
Phone: (575) 527-8600 Fax: (575) 527-1199 Compassionate Help for Honest Debtors
We are a debt relief agency. We proudly help people file for bankruptcy relief under the bankruptcy code.