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What Happens to Your House in Bankruptcy in New Mexico?

8 min · 9 de jul de 2026
Portada del episodio What Happens to Your House in Bankruptcy in New Mexico?

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Episode Summary: In this episode of the Fresh Start with Jason Cline podcast, attorney Jason Cline discusses the crucial topic of home protection during bankruptcy. Jason, a seasoned bankruptcy attorney in New Mexico, addresses common fears about losing one's home when filing for bankruptcy. He explains that 99% of individuals can keep their homes, thanks to generous state exemptions that protect significant equity. Jason details the differences between Chapter 7 and Chapter 13 bankruptcies, highlighting how each can impact homeownership depending on equity levels. He also explores how bankruptcy can prevent creditors from placing liens on properties due to unpaid debts like medical bills or credit cards. Listeners will gain valuable insights into how bankruptcy can actually ease financial burdens and help maintain homeownership, making this episode essential for anyone considering bankruptcy as a solution. Key Timestamps: 00:01 – Introduction 0:21 – Protecting Your Home in Bankruptcy 0:40 – Common Fears About Losing a Home 1:09 – Factors Affecting Home Retention 1:57 – Equity's Role in Bankruptcy 3:12 – New Mexico Bankruptcy Exemptions 3:49 – Chapter 7 vs. Chapter 13 Analysis 4:44 – Impact of Credit Card and Medical Debt 5:38 – Equity Levels and Bankruptcy Options 6:12 – Bankruptcy as a Tool to Keep Your Home 7:05 – Understanding Risks and Consulting Attorneys About the Show: Fresh Start with Jason Cline is a podcast dedicated to helping individuals and families navigate the complexities of bankruptcy with clarity and confidence. Hosted by attorney Jason Cline, the show offers expert insights into Chapter 7 and Chapter 13 bankruptcy solutions, focusing on protecting assets and achieving financial freedom. Designed for those considering bankruptcy as a fresh start, the podcast provides valuable information and practical advice to empower listeners in making informed decisions about their financial futures.

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