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What Are the Colorado Bankruptcy Exemptions?


When filing for bankruptcy in Colorado, it is important to understand the different types of exemptions available under state law. Bankruptcy exemptions are designed to protect certain assets from being liquidated by creditors. In Colorado, there are both federal and state-specific bankruptcy exemptions that can be used to exempt your property from seizure.


The type of bankruptcy you file will determine which exemption system you use. If you are filing a Chapter 7 bankruptcy, then the applicable system will be one of either the federal or state exemption systems. Generally speaking, filers should opt for the set of exemptions that offers the most protection for their individual circumstances.





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