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Showing 3 bankruptcy lawyers in Rio Rancho, NM
Listings are displayed in no particular order and are not ranked by BeforeAttorney. Order does not constitute a recommendation or endorsement of any attorney.
Hernandez Arthur Attorney at Law
1400 Barbara Loop SE STE C, Rio Rancho, NM 87124
(505) 891-2537
Fuentes & Associates
Rio Rancho, NM 87174
(505) 892-5991
Feld Dennis
bill tryon office, 4020 Peggy Rd SE Ste M 1, Rio Rancho, NM 87124
(505) 892-4855
What Does a Bankruptcy Lawyer in Rio Rancho Cost?
Filing fees for Chapter 7 in New Mexico are $338, and Chapter 13 fees are $313 as of 2024. Attorney fees in the Rio Rancho area typically range from $1,200 to $2,500 for a simple Chapter 7 case and $3,000 to $5,000 for Chapter 13. Costs vary based on case complexity and attorney experience. This is general information and not legal advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by attorney and case complexity. This is not legal advice — consult directly with an attorney for fee specifics.
Frequently Asked Questions
What bankruptcy chapters are available in Rio Rancho?
Individuals in Rio Rancho typically file under Chapter 7 or Chapter 13. Chapter 7 liquidates non-exempt assets to pay debts, while Chapter 13 creates a repayment plan over 3 to 5 years. Both options require credit counseling before filing.
What property can I keep in a New Mexico bankruptcy?
New Mexico allows you to use either state exemptions or federal exemptions. State exemptions include up to $60,000 in home equity and up to $8,000 in vehicle equity. You must choose one set of exemptions and cannot mix them.
How long does a bankruptcy stay on my credit report in New Mexico?
A Chapter 7 bankruptcy remains on your credit report for 10 years from the filing date. A Chapter 13 bankruptcy stays for 7 years. The impact lessens over time as you rebuild credit.