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New New Mexico Bankruptcy Legal Questions & Answers

Effect of filing business bankruptcy on personal finances

A corporation is a separate legal entity. That protects shareholders' personal assets from liability, …

FreeAdvice Contributing Attorney answered 10 years ago

Filing for Chapter 7 bankruptcy. Is social security benefits included in your Current Monthly Income in the bankruptcy?

Social security payments are excluded from the calculation of income for purposes of the …

FreeAdvice Contributing Attorney answered 10 years ago

CAN MY WIFES WAGES OR MY CHILDERENS PERSONAL PROPERTY BE SEIZED

In a community property state, they cannot garnish (take a piece out of) your …

FreeAdvice Contributing Attorney answered 10 years ago

FILED CHAPTER 7 IN 2005. kEPT HOME BUT LAWYER DID NOT REASSUME LOAN.

Not reaffirming a mortgage obligation means that you are not personally liable on the …

FreeAdvice Contributing Attorney answered 10 years ago