Bankruptcy Exemption Citations
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Exemptions

Exemption:

Citation: Stat. - N.M. Stat. Ann. § 42-10-1

N.M. Stat. Ann. § 42-10-1 :
Article 10. Exemptions

� 42-10-1. Exemptions of married persons or heads of households

Personal property 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 another person is exempt from receivers or trustees in bankruptcy or other insolvency proceedings, fines, attachment, execution or foreclosure by a judgment creditor. Property exempted shall be valued at the market value of used chattels.
Last Amended: 2023
2023
History: 1953 Comp., § 24-5-1, enacted by Laws 1971, ch. 215, § 1; 1979, ch. 182, § 1; 1981, ch. 113, § 1; 1983, ch. 69, § 1; 2023, ch. 104, § 4.
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