Grants is a city in Cibola County, New Mexico, United States. The population was 8,806 at the 2000 census. It is the county seat of Cibola County. Grants began as a railroad camp in the 1880s, when three Canadian brothers were awarded a contract to build a section of the new Atlantic and Pacific Railroad through the region. The Grant brothers' camp was first called Grants Camp, then Grants Station, and finally Grants. The new city enveloped the existing colonial New Mexican settlement of Los Alamitos and grew along the tracks of the Atlantic and Pacific Railroad. The town prospered as a result of railroad logging in the nearby Zuni Mountains, and served as a section point for the Atlantic and Pacific, which became part of the Atchison, Topeka, and Santa Fe railroad empire. The Zuni Mountain Railroad short line had a roundhouse in town (near present day Exit 81 off Interstate 40) and housed workers in a small community named Breecetown. Timber from the Zuni Mountains was shipped to Albuquerque where a large sawmill converted the timber to wood products that were sold around the west. After the decline of logging in the 1930s, Grants gained fame as the "carrot capital" of the United States. Agriculture was aided by the creation of Bluewater Reservoir, and the region's volcanic soils provided ideal conditions for farming. Grants also benefited from its location on U.S. Route 66, which brought tourists and travelers and the businesses that catered to them. Perhaps the most memorable boom in the town's history occurred when Paddy Martinez, a Navajo shepherd, discovered uranium ore near Haystack Mesa, sparking a mining boom that lasted until the 1980s. The collapse of mining pulled the town into a depression, but the town has enjoyed a resurgence based on interest in tourism and the scenic beauty of the region. Recent interest in nuclear power has revived the possibility of more uranium mining in the area, and energy companies still own viable mining properties and claims in the area.

What is business bankruptcy law?

Business Bankruptcy involves the legal process that insolvent businesses take to insure fairness and equality upon creditors and to help the debtor company start anew with the property the company is allowed to keep without being hampered by their liabilities. Business Bankruptcy attorneys advise on debt relief options and guide companies through each phase of a federal bankruptcy filing -- including Chapter 7 bankruptcy debt discharge plans and Chapter 11 bankruptcy debt reorganization plans. Bankruptcy attorneys may also represent creditors seeking to have their rights enforced in connection with the bankruptcy reorganization of a debtor.

Personal Bankruptcy attorneys also advise on debt relief options and guide individuals through each phase of a federal bankruptcy filing.

Answers to business bankruptcy law issues in New Mexico

There are six basic types of bankruptcy cases provided for under the Bankruptcy Code, each of which is discussed...

Official Bankruptcy Forms must be used to file and take action in bankruptcy cases. Procedural Forms also may be...

Chapter 7 of the Bankruptcy Code provides for "liquidation," ( i.e., the sale of a debtor's nonexempt property and...

Chapter 9 of the Bankruptcy Code provides for reorganization of municipalities (which includes cities and towns, as...

Chapter 11 of the Bankruptcy Code provides (generally) for reorganization, usually involving a corporation or...

Chapter 12 of the Bankruptcy Code provides for adjustment of debts of a "family farmer," or a "family fisherman" as...

Chapter 15 is a new chapter added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection...

Although the Bankruptcy Code provides for a stockbroker liquidation proceeding (11 U.S.C. ยง 741 et seq.), it is far...

Most debtors who file a bankruptcy petition, and many of their creditors, know very little about the bankruptcy...

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...