Legal Question in Bankruptcy in New Mexico
Bankruptcy law regarding HEAL loans in default and NM tax debts
I have HEAL loans(health education assistance loans) that are in default with a judgement by the DOJ. Heal loans can be discharged after seven years from the date of repayment, my repayment date was 1989 or 1990. Does the fact that the DOJ has a judgement for these loans stop me from bankrupting them. The DOJ has subpoened me for a hearing to search for assets and set up a garnishment of wages. Will a bankruptsey stop the hearing?
I also have tax debts from the NMT&R with leins on property. Can the tax debts be discharged in Chapter 7. The Decision by NMT&R was 04-1998 and the leins were filed 06-1999.
1 Answer from Attorneys
Re: Bankruptcy law regarding HEAL loans in default and NM tax debts
Yes, filing bankruptcy may be the best thing for you. Not only will filing a bankruptcy stop the wage garnishment and collection by the government, but the Trustee may reduce or discharge the debt depending on your overall debt situation. Please call my paralegal at 614-486-7642 and we can find out more and give you better information.
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