Eric Pemper Founder, CuraDebt · Est. 2001
New Mexico Chapter 7 Means Test Calculator (2026)
The New Mexico Chapter 7 Means Test (Part 1)
Compare your household income to the New Mexico median for your household size, using U.S. Trustee figures Effective April 1, 2026. Nothing you enter is stored.
New Mexico Chapter 7 Six-Month Income Worksheet
Enter each of the six complete calendar months used for the current monthly income calculation. The worksheet totals the period, calculates the monthly average, and annualizes it. Nothing entered here is stored.
| Household Size | Annual Median | Monthly Equivalent | Six-Month Equivalent |
|---|---|---|---|
| 1 | $66,235 | $5,520 | $33,118 |
| 2 | $79,574 | $6,631 | $39,787 |
| 3 | $88,041 | $7,337 | $44,021 |
| 4 | $98,602 | $8,217 | $49,301 |
For households larger than four, add $11,100 per additional person to the annual figure. Use the official table in effect on the expected filing date.
A New Mexico Six-Month Example
Assume a two-person New Mexico household received $5,968 in each of the six complete calendar months before filing. The six-month total would be $35,808, the current monthly average would be $5,968, and the annualized income would be $71,616. That is $7,958 below the two-person New Mexico median shown on this page. This illustrates the first income comparison only. It does not decide the full means test or Chapter 7 eligibility.
How New Mexico Changes The Means-Test Estimate
The first comparison is not a national income limit. It uses the New Mexico median for the household size and the government table in effect on the filing date. On this page, the annual figures run from $66,235 for one person to $98,602 for four people, a difference of $32,367. A five-person New Mexico household would use $109,702 before moving to the expense portion of the test.
A New Mexico Close-To-The-Line Example
If a two-person household averaged $6,499 monthly during the six-month lookback period, its annualized income would be $77,988. That is only $1,586 below the current two-person New Mexico median used here. A bonus, job change, unpaid leave, or a different filing month could change that comparison, which is why the six actual calendar months matter.
Where Location Inside New Mexico Can Matter
New Mexico is served by the District of New Mexico. The correct filing district depends on venue facts such as where a person has lived or kept a principal residence, assets, or business. Part 2 can also use location-sensitive housing and utility standards. Those allowances may differ by county inside New Mexico, so a statewide median-income result should not be treated as a complete eligibility decision.
| Item | Why It Matters In New Mexico |
|---|---|
| Filing Date | Controls which U.S. Trustee median table applies. |
| Household Size | Changes the New Mexico income threshold, including the added amount above four people. |
| Six-Month Income | Uses income received in the six complete calendar months before filing, not simply current salary. |
| County | Can affect location-based housing and utility allowances used in Part 2. |
| Filing District | Determines the federal bankruptcy court that handles the case. |
Records To Gather For A New Mexico Review
- Pay statements and other income records for each of the six complete lookback months.
- Documents supporting household size and regular contributions from other household members.
- Housing, utility, vehicle, tax, insurance, child care, support, and secured-debt amounts that may matter in Part 2.
- The expected filing date and county, especially when the result is close to the median.
Official Resources: U.S. Trustee Means-Testing Data · IRS Local Housing And Utility Standards · U.S. Courts Court Locator
Reading Your New Mexico Means Test Result
The New Mexico test is not a single number. Part 1 checks your income against the New Mexico median for your size; Part 2 (Form 122A-2) then subtracts allowed expenses if you are over. Plenty of New Mexico households that look over the New Mexico median still qualify once those costs come out, and Social Security is generally left out of the income figure. The full means test guide walks through the deductions.
Over The New Mexico Median Is Not A Dead End
A New Mexico income above the median just means Part 2 decides it. After the allowed New Mexico living-expense deductions, a real share of filers qualify anyway. And if Chapter 7 is not right for you, settlement or Chapter 13 can each solve the problem in a different way.
If Chapter 7 Is Not The Right Fit In New Mexico
Not everyone in New Mexico who can file Chapter 7 should, and not everyone qualifies. If bankruptcy is not the path, a New Mexico debt settlement program may reduce what you owe without a court filing; compare the cost, credit impact, and timeline first. There is no cost to check available options, and there is no obligation to continue. CuraDebt is not a law firm and does not provide legal or tax advice. Results vary and are not guaranteed.
Frequently Asked Questions
What is the income limit for Chapter 7 in New Mexico?
It is the New Mexico median family income for your household size. Effective April 1, 2026, it is $64,537 for 1 person, $77,534 for 2, $85,784 for 3, and $96,074 for 4, adding $11,100 per additional person. At or below that New Mexico figure, you generally pass Part 1.
What if my income is above the New Mexico median?
Being above the New Mexico median does not automatically disqualify you. Part 2 of the means test subtracts allowed living expenses, and many above-median New Mexico filers still qualify for Chapter 7 after those deductions.
Does this calculator run the full New Mexico means test?
It covers Part 1 only, the income comparison against the New Mexico median. Part 2 deductions on Form 122A-2 are not calculated here, so use this as a first read and confirm with a New Mexico bankruptcy attorney.
Is Social Security counted in the New Mexico means test?
Social Security benefits are generally excluded from current monthly income for the means test, though most other income is included. A bankruptcy attorney can confirm what counts in your specific situation.
Does CuraDebt give legal advice or file bankruptcy in New Mexico, and is it a law firm?
There is no cost to check available options, and there is no obligation to continue. CuraDebt is not a law firm and does not provide legal or tax advice. Results vary and are not guaranteed.
Related Resources
- National Chapter 7 means test calculator
- Bankruptcy exemptions calculator
- Debt settlement vs. bankruptcy
- All debt and tax calculators
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