Wildcard Exemptions — State System
New Mexico Law Exemptions
$15,000 of any personal property.
$15,000 of exemption in lieu of homestead
Federal Non-Bankruptcy Wildcard Exemptions (none)
Wildcard Exemptions -- Federal System § 522(d)
Can New Mexico debtors use the Federal Bankruptcy exemptions instead of New Mexico exemptions?
Yes. Federal exemptions are available.
The Federal Bankruptcy Exemptions under 11 U.S.C. § 522(d) are available to you if
- you haven't lived in any state longer than 180 days for a while,
- or
- if your state allows the Federal exemptions as a choice.