Bankruptcy Exemptions in Colorado

The Law in Colorado is explicit on the regulations when one is filing a bankruptcy claim. It’s always important to consider the type of assets one has and which of them is protected under the law. Thus avoid bankruptcy trustees and creditors at your doorstep. To help you maintain a stable lifestyle and plan for a better future, it is better to understand the basic bankruptcy exemptions in Colorado before your bankruptcy proceedings.

Under the law, the Colorado Bankruptcy Court requires one to list and match all the assets exempted from bankruptcy.

Bankruptcy Exemptions in Colorado Points to Ponder

Chapter 7 Exemptions in Colorado

Remember, bankruptcy under Chapter 7 involves the sale of a debtor’s non-exempt property. This means your non exempt property may be liquidated to pay your debts.  Here are some of the standard exemptions but you will want to talk to a bankruptcy attorney to make sure you are getting the best asset protection.


Under Colorado law the homestead bankruptcy exemption in Colorado is $75,000. It increases to $105,000 if the debtor, spouse, or a dependent living in the home is age 60 or older or disabled.

Personal property

Colorado exemptions for personal property include $2,500 in jewelry $2,000 in clothing, and $3,000 in household goods.

Vehicle Bankruptcy Exemptions

$7,500 aggregate value, up to two motor vehicles or bicycles. The exemptions increases to $12,500 if debtor, spouse, or dependent is age 60+ or disabled.


Your retirement pension is completely exempt from bankruptcy in Colorado.

An exemption limit applies to any equity you have in the property.  And bankruptcy law allows married couples filing jointly to each claim a full set of exemptions, unless otherwise noted. To keep non-exempt property, a debtor must generally pay the trustee the value of the non-exempt property. In addition, when you file bankruptcy in Colorado you may also use certain federal exemptions in addition to your Colorado exemptions.

To learn more about federal exemptions and other bankruptcy exceptions in Colorado talk to an experienced bankruptcy lawyer.  Barry Arrington is Colorado’s fresh start bankruptcy attorney.