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Colorado Bankruptcy

Exemption Court
Colorado Bankruptcy Exemption
Homestead:
Up to $ 60,000 in case of owner and his/her family or $90,000 in case of disabled or elderly owner.

Household Goods:
Up to $ 3000 for the regular domestic goods.

Wages:
75 % of the take home earnings or 30 times the federal minimum hourly wage per week, whichever is greater, which include disability, health, and accident insurance.

Motor Vehicles:
One or more automobile or bicycle but up to the extent of $ 3,000 (One or more motor vehicle for person either disabled or over 65 years of age or if has a spouse either disabled or is more than 65 years of age with the extent of $ 6,000).

Jewelry:
Ornaments and watches up to the extent of $ 1,000.

Books & Stationery:
Family portraits, personal collection of books, and school books.

Fuel:
Up to the extent of $ 600.

Insurance:
Surrender value of life insurance policies. But contributions made immediately before 2 years are not exempted.

Professional Tools & Equipment
Up to $ 10,000 for occupational instruments including trade related stocks.

Cloths and Apparels:
Up to $ 1,500 for apparels and dress materials.

Agro-Farming and Husbandry:
Up to $ 25,000 for relevant machinery and rearing animals.

Total or Absolute Exemptions for:
  • Specific Interests of Partnership Property.
  • Reparation awards of victims of crime.
  • Pension for Armed Forces.
  • Military Equipments owned personally by National Guards.
  • Burial sites for debtor and his/her family members.
  • Income Tax Credit Refund.
  • Life Insurance Benefits.
  • Personal Injury Claims.
  • Benefits of Teacher's Retirement.
  • Benefits of Public Retirements.
  • Benefits of Police and Firefighter’s Pension.
  • Retirement Benefits of Public Employees.
  • Public Assistance Payments.
  • Pension under Deferred Compensation Plan.
  • IRC Qualified IRAs.
  • Benefits of Home Law Insurance.
  • Worker's Compensation Benefits.
  • Official and Reasonable Health Aids.
  • Benefits of group life insurance.
  • Fraternal Befits & Social Benefits.
  • Residential and Utility deposits held by third party.
  • Pension under ERISA.

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