Converting from Chapter 13 to Chapter 7 in the realm of bankruptcy law is a significant decision that individuals or businesses may consider when facing financial challenges. Chapter 13 bankruptcy involves a structured repayment plan, while Chapter 7 offers a fresh start through the liquidation of assets to discharge debts. Understanding the process and implications…
As of 2021, the total state debt of New Mexico was approximately $5.7 billion, according to the US Debt Clock website. This includes both general obligation and revenue bonds, as well as other types of debt. The state’s debt per capita is around $2,717. New Mexico’s debt as a percentage of its gross state product…
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