New Mexico Bankruptcy Law

Considering filing bankruptcy in New Mexico? You need to understand New Mexico bankruptcy law and exemptions.

As on overview we have listed some of the main exemptions, links to the federal courts serving New Mexico, and some filing statistics for New Mexico.

New Mexico Exemptions

Homestead:
$5000 (exemption may be claimed only by debtor who does not claim homestead exemption)
Details:
Exemption in lieu of homestead (maybe any real or personal property)

Homestead:
$60,000
Details:
Homestead of any person

Motor Vehicle:
$4,000 *
Details:
1 motor vehicle


This is just and overview and there is a detailed list of the New Mexico Bankruptcy Exemptions.

New Mexico Bankruptcy Courts

If you need more information about the New Mexico Federal Bankruptcy Courts you can click on the link for your district.

  • New Mexico District

    • New Mexico Filing Statistics

    Here are the counties in New Mexico with the highest amount of bankruptcy filings.

    Year - County
    Total
    Ch7
    Ch13
    2012 BERNALILLO
    1766
    1602
    162
    2012 DONA ANA
    475
    445
    29
    2012 SANDOVAL
    427
    376
    50
    2012 SANTA FE
    307
    281
    26

    You can see the information for all counties by visiting the New Mexico Chapter 7 and Chapter 13 bankruptcy filings by county page.

    Here are the most recently available statistics for monthly bankruptcy filings in New Mexico.

    Year - Month
    Total
    Ch7
    Ch13
    2013 6
    407
    330
    76
    2013 5
    381
    349
    32
    2013 4
    415
    385
    30
    2013 3
    415
    385
    30
    2013 2
    371
    344
    26
    2013 1
    279
    247
    31


    You can see more data by visiting the New Mexico Personal Bankruptcy Filing Statistics page.

    If you have question about filing bankruptcy please visit our Frequently Asked Questions Page or schedule a free consultation with a local attorney.