Bankruptcy Assistance

Why is bankruptcy so scary? Because the banks want you to be scared. If you’re planning on filing for bankruptcy, get in touch with the attorneys at Bristol Law Office. Based in Roswell, NM, we’ve assisted in bankruptcy cases since 1989.


Wouldn’t you rather be saving the payments you are sending to the payday loans and credit cards? Do you want to find a way to potentially save $10,000 in the next two years? Do you want to improve your credit score? You can do all of this and keep your belongings by calling us to help relieve the stress of your debts.
 

When you need a trustworthy attorney, call Bristol Law Office at (575) 625-5284. Initial bankruptcy consultations are free!

Bankruptcy Information

  • What is bankruptcy?

    For people who are unable to pay their unsecured debt, it is a federal law that allows them to escape that debt.

  • What debts are wiped out by a bankruptcy and what debts are not?

    There are three categories of debt.  


    One: debts that cannot be wiped out, like student loans, child support, most taxes, and debt incurred by fraud.  


    Two: creditors with collateral; if you want the collateral, you pay for it, or you can choose to turn it back, and the lender falls into category three.  


    Three: unsecured creditors; this includes collateral that was turned back, credit cards, medical bills, payday loans, internet loans, and basically everyone not in categories one and two. These debts are wiped out in a Chapter 7 Bankruptcy

  • How do I know if I qualify for a bankruptcy?

    Oddly, there is no requirement that you be bankrupt to file a bankruptcy!  If you have unsecured debt that you cannot afford to pay, you qualify.

  • What about medical bills? My neighbor says I cannot include them in a bankruptcy. Can I include them?

    Absolutely. You can include medical bills in bankruptcy.  

Debt Relief

If you see yourself in any of the following circumstances, you need to see us about debt relief:


- You are using payday loans.

- You are thinking of using a 401k loan to pay bills (a big no-no!).

- You are thinking of using a reverse mortgage to pay off your credit cards (another bad idea).

- You are skipping car or house payments to pay the people nagging you with phone calls (do not ever get behind on the house payment!)

- Your credit cards, payday loans, and medical bills total 25% or more of your yearly income. 

In need of an experienced attorney? Call (575) 625-5284 now.