_ 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
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.
Chapter 7 Bankruptcy
Chapter 13 Bankruptcy
__3500 Comanche NE Building B Albuquerque, NM 87107