Bankruptcy

New Mexico Bankruptcy Attorney Larry Leshin

In October of 2005, the U.S. bankruptcy laws underwent some major changes. Having a lawyer on your side that is fluent in the language of the new bankruptcy code is beneficial to your finances and your future.

At Affordable Law, I personally and confidently handle a range of bankruptcy issues for my New Mexico clients. From my office in Albuquerque, I represent the interests of clients throughout the surrounding areas, including the communities of Santa Fe, Rio Rancho, Gallup and Taos.

I provide clients with detailed advice and guidance throughout the entire bankruptcy process. I take the time to obtain all of the necessary documents, such as credit reports and tax transcripts, while steering you through all of the various hoops that must be jumped through in order to file for bankruptcy. Contact me today to schedule a free initial consultation and learn more about bankruptcy.

The most important changes to the law involve and income level analysis or "means" testing. I can evaluate your case to see if, based on your income, you could qualify for the simplest and least expensive kind of bankruptcy, a Chapter 7. If you do not qualify for Chapter 7 but still need to file for bankruptcy (say, for example, your house is being foreclosed, and you want to save it), you can still usually qualify for a Chapter 13 bankruptcy. In Chapter 13, you pay back all or part of your debt over a period of three to five years.

Chapter 7

If you pass the "Means Test," you may qualify for the least expensive and simplest form of bankruptcy, Chapter 7. Also sometimes called a fresh start, a Chapter 7 bankruptcy allows you to discharge most of your unsecured debt without having to pay it back.

When handling Chapter 7 matters, I offer flat fee representation. This means I will give you price for my services up front. Though I am flexible with how my clients want to pay, it is important to note that I must be paid in full before the case is filed to prevent me from becoming one of your creditors as well.

Chapter 13

If your house is being foreclosed upon or you do not qualify for a Chapter 7, Chapter 13 bankruptcy may be the option for you. Through this type of bankruptcy, some of your debt may be discharged but you pay back other debts according to a court-approved repayment plan. This allows you to make good on your debts while regaining a handle on your finances.

Other Bankruptcy Issues

In addition to handling Chapter 7 and Chapter 13 bankruptcy issues, I provide clients with advice and counsel representation in a number of related matters, including:

• Foreclosure
• Chapter 11 (business bankruptcy)
• Wage garnishment
• Creditor harassment
• Repossession

Contact Me

Contact me today at my Albuquerque law office to schedule a free initial consultation. During this time, I can review your financial situation and determine if filing for bankruptcy is right for you.