Bankruptcy in New Mexico

New Mexico ( NM)

Average: $2,000

Last Updated: Mar 2026

Low Estimate

$800

Simple / Uncontested Cases

Average Cost

                        $2,000                    
Typical
                        Bankruptcy Case
                    

High Estimate

$4,500

Complex / Contested Cases

Cost Component	Low	Average	High
Attorney Hourly Rate	$150/hr	$240/hr	$400/hr
Total Cost Estimate	$800	$2,000	$4,500
Court Filing Fee	$338

What to Know About Bankruptcy Costs in New Mexico

New Mexico has a single bankruptcy district. Chapter 7 $800-$1,600, Chapter 13 $2,000-$4,500. New Mexico homestead exemption $60,000. Motor vehicle $4,000 plus additional for disability. New Mexico requires state exemptions only. Filing rates reflect the state's economic conditions.

Sources: United States Courts (uscourts.gov) - Ch.7: $338, Ch.13: $313