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Colorado Bankruptcy Exemptions
What Exemptions are allowed when filing bankruptcy in Colorado?
Below is a list of some of the available Colorado bankruptcy exemptions. This list only identifies a small fraction of the exemptions available in Colorado and there are many exemptions (such as retirement accounts, life insurance, and trade tools) that are not listed and may be beneficial to you. Talk to a qualified Colorado bankruptcy attorney in your area to have all the available exemptions explained to you. Only a Colorado bankruptcy attorney can properly list and explain all of the applicable exemptions offered in Colorado.
Colorado Bankruptcy Exemptions
Homestead |
$45,000 |
Farm machinery, tools, livestock |
$25,000 |
Household goods |
$3,000 |
Jewelry and watches |
$1,000 |
Cash surrender value of an insurance policy |
$25,500 |
Motor Vehicle |
$3,000 |
Personal books, family pictures |
$1,500 |
Professional library |
$3,000 |
Tools of Trade |
$10,000 |
Wearing apparel |
$1,500 |
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