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chapter 7 bankrupcy

SonBlazers shock Wildcats in Class 2A semifinals

RIO RANCHO – Mesilla Valley Christian and Tularosa have become fierce rivals over the past two seasons. the District 6-2A foes added another chapter to the tale, playing for the sixth time this season and meeting for the 12th time over the past two years on Thursday afternoon. And for the second year in a [...]

What is the difference between chapter 7 & chapter 11 and which is best?

chapter 7 is personal bankruptcy where the person filing has to be granted a discharge from debts and they are not repaid. Chapter 11 is business re-organization that they try to work through the filing and stay a viable company by paying debt on a slower pace than the normal demand. Chapter 13 is a [...]

Bankruptcy Basics explained

The word is scary and it's still a bit 'mysterious to many. Bankruptcy seems so final, so hopeless, and a lot of negative baggage attached to it. even the people who obviously should know better not to remember that recovery from bankruptcy, or a "right to a second chance," is specifically mentioned in the Constitution [...]