Asked in Bankruptcy, Foreclosure and Small Claims for New Mexico

Q: I lost my job but my spouse still works, we are now with o money, and going into foreclosure, can I file for bankruptcy

We are being service by lawyers for credit card debt, and other items we owe,

2 Lawyer Answers
Cristina M. Lipan
Cristina M. Lipan
Answered
  • Bankruptcy Lawyer
  • Brooklyn, NY

A: A bankruptcy filing will pause the foreclosure, but will not solve the problem. I would not advise attempting the bankruptcy on your own, you will need a bankruptcy attorney for this.

Information provided for informational purposes only and should not be taken as legal advice.

Arun Arjan Melwani agrees with this answer

Arun Arjan Melwani
Arun Arjan Melwani
PREMIUM
Answered
  • Bankruptcy Lawyer
  • Albuquerque, NM
  • Licensed in New Mexico

A: Yes, you can file for bankruptcy. However, what type of bankruptcy available to you may be dependent on your income. Also, what choice of bankruptcy to choose will be related to your intentions with regard to what assets you wish to keep, for example whether you wish to keep your home. I recommend that you consult with a bankruptcy attorney right away so they can assess your situation and educate you as to the available options. Most bankruptcy attorneys provide a free initial consultation.

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