Email this page to a friendNew Mexico Exemptions Summary
Legal Helpers’ experienced bankruptcy lawyers are well versed in the specific application of the bankruptcy laws in the state of New Mexico.
Real estate
The homestead, to the extent of $30,000
Personal property
Personal property in the amount of five hundred dollars ($500), tools of the trade in the
amount of fifteen hundred dollars ($1,500)
Exemption if no Real estate
Any resident of this state who does not own a homestead shall in addition to other exemptions hold exempt real or personal property in the
amount of five thousand dollars ($5,000) in lieu of the homestead exemption
By devoting time to staying abreast to breaking developments in bankruptcy law and debt elimination as it applies to each legal jurisdiction, Legal Helpers can ensure that you will receive the most complete bankruptcy protection available based on your individual situation. Here are the complete New Mexico bankruptcy exemptions.
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