Bankruptcy    Information
Thank You For Visiting Free Bankruptcy Information

Colorado Bankruptcy Exemptions

Federal Supplemental Exemptions can be used in conjunction with your Colorado exemptions and can be viewed here.

In Colorado, you may choose to use the Federal Exemption set instead of your state exemptions.

You may also want to visit your local federal bankruptcy court web site:

Also see Colorado bankruptcy forms.

ASSET

EXEMPTION DESCRIPTION

LAW SECTION

HOMESTEAD

Real property, mobile home or manufactured home (mobile or manufactured home if loan incurred after 1/1/83 ) you occupy to $30,000 ; sale proceeds exempt 1 year after received

38-41-201, 38-41-201.6,

38-41-203, 38-41-207

 

Spouse or child of deceased owner may claim homestead exemption

38-41-204

 

House trailer or coach used as residence to $3,500

13-54-102(1)(o)(I)

 

Mobile home used as residence to $6,000

13-54-102(1)(o)(II)

INSURANCE 

Disability benefits to $200 per month; if receive lump sum, entire amount exempt

10-8-114

 

Fraternal benefit society benefits

10-14-122

 

Group life insurance policy or proceeds

10-7-205

 

Homeowners’ insurance proceeds for 1 year after received, to homestead exemption amount

38-41-209

 

Life insurance

10-7-106; 13-54-102(1)(l)(B)

 

Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiary’s creditors

10-7-106

  Life insurance - cash surrender value for writs issued against the insured – 25,000/50,000 13-54-102(1)(l)(A)

MISC.

Child support if recipient does not mix with other money or deposits into separate account for the benefit of the child

13-54-102.5

Property of business partnership

7-60-125

PENSIONS

ERISA-qualified benefits, including IRAs

13-54-102(1)(s)

 

Firefighters

31-10-412, 31-30-518

 

Police officers

31-30-313, 31-31-616

 

Public Employees

24-51-212

 

Teachers

22-64-120

 

Veterans

13-54-102(1)(h), 13-54-104

PERSONAL PROPERTY

1 burial plot per person

13-54-102(1)(d)

 

Clothing to $1500

13-54-102(1)(a)

 

Food and Fuel to $600

13-54-102(1)(f)

 

Health aids

13-54-102(1)(p)

 

Household goods to $3,000 total

13-54-102(1)(e)

 

Jewelry and articles of adornment to $1000 total

13-54-102(1)(b)

 

Motor vehicles used for work to $3,000 ; to $6,000 to get medical care, if elderly or disabled

13-54-102(j)(I), (II)

 

Personal injury recoveries, unless debt related to injury

13-54-102(1)(n)

 

Pictures and books to $1500

13-54-102(1)(c)

 

Proceeds for damaged exempt property

13-54-102(1)(m)

 

Security deposit

13-54-102(1)(r)

  The full amount of any federal or state earned income tax credit refund 13-54-102(1)(o)
  Professionally prescribed health aids for the debtor or a dependent of the debtor 13-54-102(1)(p)

PUBLIC BENEFITS

Aid to blind, aged, disabled, AFDC

26-2-131

 

Crime victims’ compensation

13-54-102(1)(q), 24-4.1-114

 

Unemployment compensation

8-80-103

 

Veterans’ benefits for veteran, spouse or child if veteran served in war

13-54-102(1)(h)

 

Workers’ compensation

8-42-124

TOOLS OF TRADE

Horses, mules, wagons, carts, machinery, harness and tools of farmer to $25,000 total (same $25,000 limit for debtor or debtor plus spouse)

13-54-102 (1)(g)

 

Library of professional to $3,000 or stock in trade, supplies, fixtures, machines, tools, maps, equipment, books and business materials to
$10,000 total

13-54-102 (1)(i), (k)

 

Livestock and poultry of farmer to $3,000

13-54-102 (1)(g)

WAGES

Minimum 75% of earned but unpaid wages, pension payments

13-54-104

WILDCARD

NONE