The references to Colorado statutes are to the Colorado Revised Statutes.
Resources:
United States Bankruptcy Court, District of Colorado
| Colorado Bankruptcy Exemptions | ||
| Assets | Exemption | State Statute |
| Homestead | Property consisting of mobile home, house trailer, manufactured home that you occupy: up to $60,000 if the debtor owns and occupies the property; up to $90,000 if the debtor or debtor's spouse or dependent is disabled or over 60. | 38-41-201; 38-41-201.5, 38-41-201.6 |
| Proceeds from the sale of a residence are exempt for a period of 2 years after they are received, if they are kept separate from other funds. | 38-41-203;38-41-207 | |
| Homestead exemptions are available to spouse and children of deceased owner. | 38-41-204 | |
| Insurance | Life insurance proceeds: all if there is a clause prohibiting use of proceeds to pay the creditors of the beneficiary. | 10-7-106 |
| Group life insurance policy/proceeds: all. | 10-7-205 | |
| Benefits from a fraternal benefit society: all. | 10-14-403 | |
| Disability benefits: up to $200 per month or all of a lump sum. | 10-16-212 | |
| Life insurance cash surrender: up to $50,000 value for contributions made more than 48 months before filing for bankruptcy. | 13-54-102(1)(l) | |
| Homeowner’s insurance proceeds: up to homestead exemption amount for 1 year after received. | 38-41-209 | |
| Miscellaneous | Property owned by business partnership: all. | 7-60-125 |
| Child support: all. | 13-54-102.5 | |
| Pensions | Federal pension exemptions. | |
| Veteran’s pensions (including spouse and dependents): all if veteran served in war or armed conflict. | 13-54-102(1)(h); 13-54-104 | |
| Benefits qualified under ERISA (IRAs and Roth IRAs): all | 13-54-102(1)(s) | |
| Teacher’s pensions: all. | 22-64-120 | |
| Public employee pensions and defined contribution plans: all. | 24-51-212 | |
| Firefighter and police officer pensions: all. | 31-30.5-208; 31-31-203 | |
| Personal Property | Clothing: up to $1,500. | 13-54-102(1)(a) |
| Jewelry and other items of adornment: up to $1,000. | 13-54-102(1)(b) | |
| Books and family pictures: up to $1,500. | 13-54-102(1)(c) | |
| Burial plot: 1 per family member. | 13-54-102(1)(d) | |
| Household goods: up to $3,000. | 13-54-102(1)(e) | |
| Fuel and food: up to $600. | 13-54-102(1)(f) | |
| Motor vehicle or bicycles used for work: up to $3,000; up to $6,000 if the debtor or a dependent who uses the vehicle is disabled or over 65. | 13-54-102(1)(j)(l), (ll) | |
| Proceeds from damaged exempt property: all. | 13-54-102(1)(m) | |
| Recoveries for personal injury: all. | 13-54-102(1)(n) | |
| Professionally prescribed health aids for the debtor or a dependent of the debtor | 13-54-102(1)(p) | |
| Security deposits: all. | 13-54-102(1)(r) | |
| Public Benefits | Worker’s compensation benefits: all. | 8-42-124 |
| Unemployment compensation: all. | 8-80-103 | |
| Veteran’s benefits (including spouse and dependents): all for veteran’s who served in war or armed conflict. | 13-54-102(1)(h) | |
| Earned income tax credits: all. | 13-54-102(1)(o) | |
| Crime victim compensation: all. | 13-54-102(1)(q); 24-4.1-114 | |
| Public assistance: all. | 26-2-131 | |
| Aid to disabled, blind, and aged: all. | 26-2-131 | |
| Tools of Your Trade | For persons involved in agriculture, livestock and other animals, machinery, tools, equipment, and seeds: up to $25,000 total. | 13-54-102(1)(g) |
| For members of the National Guard, military equipment: all. | 14-54-102(1)(h.5) | |
| For other businesses, stock in trade, fixtures, supplies, machinery, electronic equipment, other equipment, books, and other business materials: up to $10,000 total. | 13-54-102(1)(i) | |
| Professional’s library: up to $3,000 in total. | 13-54-102(1)(k) | |
| Wages | Wages: at least 75% of weekly earnings or up to 30 times the federal minimal wage, whichever is greater. This amount includes pensions and insurance benefits. | 13-54-104 |
| Wildcard | No exemption. | |