51. New Mexico Bankruptcy Court

The New Mexico Bankruptcy Court is a federal court specifically handling bankruptcy cases in New Mexico. Its purpose is to provide a legal process for individuals and businesses struggling with debt to seek relief and reorganize their finances. The court oversees various types of bankruptcy filings, such as Chapter 7 (liquidation) and Chapter 13 (restructuring), ensuring that the process is fair for creditors and debtors alike. By resolving these cases, the court helps individuals regain financial stability and supports the overall economy by allowing businesses to either restructure or dissolve responsibly.