Colorado Bankruptcy Exemptions

Federal bankruptcy exemptions available? NO

The references to Colorado statutes are to the Colorado Revised Statutes.


United States Bankruptcy Court, District of Colorado

Colorado Bankruptcy Attorneys

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)
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 $2,000. 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 $5,000; up to $10,000 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 $50,000 total. 13-54-102(1)(g)
For members of the National Guard, military equipment: all. 13-54-102(1)(h.5)
For other businesses, stock in trade, fixtures, supplies, machinery, electronic equipment, other equipment, books, and other business materials: up to $20,000 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.