What Are the Colorado Bankruptcy Exemptions?

When you file for bankruptcy in Colorado, the court will require you to list all of your assets, including any property that you own. The court will then decide whether to exempt (protect) any of your assets from the bankruptcy process.

Colorado has its own set of bankruptcy exemptions that are different from the federal exemptions. You can use either the state or federal exemption list when you file for bankruptcy in Colorado. However, you can only use one or the other – you cannot mix and match between the two lists.

Some of the most common assets that are exempt from bankruptcy in Colorado include: your primary residence, a vehicle up to a certain value, personal belongings such as clothing and furniture, tools of your trade, retirement accounts, and life insurance policies.

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