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New Mexico Bankruptcy Exemptions

What Exemptions are allowed when filing bankruptcy in New Mexico?

Below is a list of some of the available New Mexico bankruptcy exemptions. This list only identifies a small fraction of the >exemptions available in New Mexico and there are many exemptions (such as retirement accounts, life insurance, and trade tools) that are not listed and may be beneficial to you. Talk to a qualified New Mexico bankruptcy attorney in your area to have all the available exemptions explained to you. Only a New Mexico bankruptcy attorney can properly list and explain all of the applicable exemptions offered in New Mexico.

New Mexico Bankruptcy Exemptions

Homestead
$30,000
Personal items
$500.00
Jewelry
$2,500
Motor Vehicle
$4,000
Tools of Trade
$1,500

 


New Mexico Bankruptcy Disclosures

Any certification by an organization other than the New Mexico Board of Legal Specialization does not constitute recognition by the New Mexico Board of Legal Specialization, unless the lawyer is also recognized by the board as a specialist in that area of law.


Contact a New Mexico Bankruptcy Attorney today



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