Bankruptcy Exemption Citations
A Research Database... updated as time allows... Not guaranteed to be complete or up to date ... you can find pay services for that... Not a subsitute for legal advice

Exemptions

Exemption:

Citation: Stat. - N.M. Stat. Ann. § 42-10-2

.
N.M. Stat. Ann. § 42-10-2 :
� 42-10-2. Exemptions of persons who support only themselves

Personal property other than money in the amount of five hundred dollars ($500), tools of the trade in the amount of fifteen hundred dollars ($1,500), one motor vehicle in the amount of four thousand dollars ($4,000), jewelry in the amount of twenty-five hundred dollars ($2,500), clothing, furniture, books, medical-health equipment being used for the health of the person and not for his profession and any interest in or proceeds from a pension or retirement fund of every person supporting only himself is exempt from receivers or trustees in bankruptcy or other insolvency proceedings, executors or administrators in probate, fines, attachment, execution or foreclosure by a judgment creditor. Property exempted shall be valued at the market value of used chattels.
Last Amended: 1983
1983
L. 1971, Ch. 215, � 2; L. 1979, Ch. 182, � 2; L. 1981, Ch. 113, � 2; L. 1983, Ch. 69, � 2.

ADVERTISEMENT -
  • Other State Citations
  • Other States on this topic

Other Exemption Citations

  • -

50 State Exemptions

  • -