For any pending loans or debts, file a petition in the court of New Mexico to have proper proceedings as per the New Mexico Bankruptcy Laws.
After an assessment of the entire property,
the court will decide the specific Chapter under which your case falls.
Chapter 7 is a bit more complicated than the laws under Chapter 13.
- Hire a reputed and professional attorney
- Proper paperwork and repayment plan is very essential
- If you have any fear of losing your property, then apply for protection
Laws of each state ensure quick release.