Are you considering filing for Chapter 7 or Chapter 13 bankruptcy in New Mexico? Although much of bankruptcy is governed by federal law, some bankruptcy-related information and law is specific to your state.
Below you’ll find New Mexico-specific information on filing for bankruptcy as well as articles on the various Mexico bankruptcy exemptions. And for in-depth information on bankruptcy law and procedures, visit Nolo’s Bankruptcy Center.
Filing for Bankruptcy in New Mexico (NM)
In this complete guide to filing for bankruptcy in New Mexico, you’ll learn about the differences between Chapters 7 and 13, debts you can eliminate or "discharge,” property you can keep using New Mexico bankruptcy exemption laws, and bankruptcy qualification requirements. You'll also learn how to organize and navigate your New Mexico bankruptcy case using checklists, a link to a DIY bankruptcy quiz, and other helpful resources.
The New Mexico Homestead Exemption
Learn how the New Mexico homestead exemption can protect your home equity from creditors in a bankruptcy case.