A creditor always had the ability to pursue a debtor if they felt there was fraud.

We have bankruptcy because we recognize that bad things happen to good people. It’s meant to give someone a fresh start. That idea is pretty well gone now. The new rules turn a compassionate system...

Most people in Chapter 13 are behind on their mortgage and want to save the house. This keeps the creditors away as long as the person makes the agreed-to payments.

I used to advise 13s for two reasons: where consumers are behind on their house payments or they need more time to pay student loans, taxes, child support or alimony. Now 13s will be for...

This is not a new dog. This is an old dog that’s been around.

If you’re a business debtor, your situation doesn’t change that much. This is for the average Joe.

This type of bankruptcy is for the person who is barely making it, who can barely pay their rent or mortgage and food and has no extra money to pay debts. It relieves them of...

Because New Mexico has one of the country’s lowest median incomes, a lot of consumers with decent-paying jobs could be disqualified from Chapter 7.