File Bankruptcy Now

Bankruptcy provides legal protection to eliminate qualifying debts. Courts can release you from debt obligations through this legal process.

Check your eligibility based on your debt amount

60000

New Mexico Bankruptcy Laws

Homestead

The principle place of residence of the up to the extent of $ 30,000. Joint owners may double it. Exemption in lieu of homestead is exempted up to the extent of $ 2000.

Wages

The greater among 75% or 40 times the federal minimum hourly wage per week.

Professional tools

Equipment, inventory, farm products and professional books used in business of debtor or dependent exempted up to the extent of $ 1,500.

Household goods

Household goods and furniture, wearing apparels, books are exempted up to the extent of 100 %.

Personal property

Personal property other than cash exempted up to $ 500.

Jewelry

Personal jewelry exempted up to the extent of $ 2,500.

Automobile

Motor vehicle up to the extent of $ 4,000.

Personal property

Personal property of any kind including cash is exempted up to the extent of $ 500.

Total or Absolute Exemptions for

  • Occupational disease disability benefits.
  • Unmatured life insurance contracts.
  • Membership holdings in cooperative associations.
  • Materials purchased for digging or operating oil and gas.
  • State police pension benefits.
  • Beneficiaries' interest in spendthrift's trust.
  • Public employee's retirement funds and benefits.
  • Social services benefits.
  • Property covered by assignment for benefit of creditors.
  • Fraternity benefits society benefits.
  • Crime victim's awards.
  • Public assistance payments.
  • Veteran's benefit.
  • Unemployment compensation benefits.
  • Specific partnership benefits.
  • City employee's retirement benefits.

Court's Address

10th Floor 500 Gold Avenue Southwest Albuquerque, NM 87103

Court's Phone Number

(505) 348-2500

Court's Email Address

web_ops@nmcourt.fed.us

Court's Hours

830 AM to 430 PM

Jurisdictional Counties

All Counties

Judges

Hon. James S. StarzynskiP.O. Box 546 Albuquerque, NM 87103(505) 348-2420Hon. Mark B. McFeeley (Chief Judge)P.O. Box 546 Albuquerque, NM 87103(505) 348-2525

Clerks

Norman H. Meyer, Jr. (Bankruptcy Clerk)P.O. Box 546 Albuquerque, NM 87103(505) 348-2500

Disclaimer: This article is for informational purposes only and does not constitute legal advice. Please consult a qualified attorney for advice on your specific situation.

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