Dan A. Ribble- LLC 2818310
Dan A. Ribble- LLC 2818310

_Bankruptcy Filing Steps

_
Declaring bankruptcy is a complex legal process that involves a number of important steps, including the following:

Review your finances

Start by gathering all of your finance-related papers in one place.  Determine your monthly income and your monthly expenses, and do not leave anything out: factor in the cable bill, the cost of gas for your car, how much you usually spend on food, any regular charitable contributions, credit card bills, and mortgage and car loan payments.

Determine whether bankruptcy is right for you

Once you have a clear overview of your finances, you can begin to make smart decisions about how to get them back into shape.  In reviewing your monthly income and expenses, you may find that by cutting back in a few areas—cooking in more and eating out less, for example, or dropping that overpriced gym membership and taking up jogging outdoors and pilates at home—you can save enough to start making significant headway in paying down your debts.

You may also find that no amount of juggling will allow you to keep up with your minimum monthly payments.  In this case, speak to a knowledgeable personal bankruptcy lawyer in Albuquerque such as Dan A. Ribble about your options.  You may be able to take advantage of debt consolidation or debt settlement to manage your credit card debt and avoid bankruptcy.

Choose a chapter and a lawyer

If you consult with bankruptcy attorneys in Albuquerque and decide that bankruptcy is your best choice, now you have to decide under which chapter you want to file.  Ask an Albuquerque Chapter 7 bankruptcy lawyer about whether you qualify for Chapter 7 liquidation bankruptcy and about which assets you will be able to preserve despite the bankruptcy. 

A Chapter 13 bankruptcy attorney in Albuquerque can explain how Chapter 13 debt relief and repayment plans work, how long you must make payments, and how much you will be expected to pay.  A good personal bankruptcy attorney in Albuquerque will be able to tell you for which bankruptcy chapters you qualify, and will help you decide which to pursue based on your goals, priorities, and income.

Begin the filing process with a skilled personal bankruptcy attorney

At Dan A. Ribble, LLC, we have more than 30 years of experience representing debtors.  Dan combines skilled advocacy with a warm personal style to make the process as easy as possible for you.  Contact Dan A. Ribble, LLC today to arrange a free initial consultation about your financial situation.

Practice Areas


  • Bankruptcy Overview
  • Chapter 7 Bankruptcy
  • Chapter 13 Bankruptcy

Our Office

__3500 Comanche NE
Building B
Albuquerque, NM 87107

Phone:  505.884.0770
Fax:       505.881.7003

View Map

    Quick Contact