Notice: As a part of OVLG's preventive measures on COVID-19 outbreak, our office will remain operational with reduced staff from home. You may face issues with the phone due to routing issues or get delayed response. So we prefer that you send us an email or make a support request for assistance. For new clients, please use our chat system.

New Mexico Bankruptcy Laws


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.


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.


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


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

Court's Hours

830 AM to 430 PM

Jurisdictional Counties

All Counties


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


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

Last Updated on: Tue, 23 Aug 2016