New Mexico Bankruptcy Exemptions - NM Bankruptcy Exemptions

State Or Federal Exemptions Allowed

Click Here for Federal Exemptions

Homestead

$30,000

If the debtor does not own a homestead, he may claim exemptions, in addition to other exemptions, of real or personal property in the sum of $2,000 in lieu of the homestead exemption.

$2,000

Personal items

$500

Jewelry

$2,500

Clothing, furniture, books, medical-health equipment being used for the health of the person and not for his profession

Motor vehicle

$4,000

Tools of trade

$1,500

 

NOTE: These are the major bankruptcy exemptions.
Check with your bankruptcy lawyer for a full exemptions list.

BankruptcyAction.com on Google+

US Flag

Directory

Get a Free Bankruptcy Case Evaluation


HOME

Are You Eligible to File Chapter 7?



Steps in a Chapter 7 Bankruptcy
PowerPoint Presentation

PointerFind A Lawyer

Facebook
Twitter
Google +



Bankruptcy Videos


Bankruptcy Exemptions
Assets you keep.

Chapter 7 Bankruptcy FAQs

US Flag

Bankruptcy Lawyers:

List your Firm

Overview:

Will using a Credit Counselor give me a better credit rating?

Debt Erased in a Bankruptcy

How Long in Bankruptcy

Cost of a Bankruptcy

Chapter 13 Bankruptcy

Personal Bankruptcy

Free Credit Report & Credit Bureaus

Business Bankruptcy

Bankruptcy Lawyers Locator

Privacy Policy

Latest Bankruptcy Statistics

After Bankruptcy Lenders
Free Listing For Lenders