COLORADO BANKRUPTCY EXEMPTIONS
COLORADO BANKRUPTCY EXEMPTIONS
Use of federal bankruptcy exemptions not permitted.See CRS § 13-54-107
| Type of Property |
Amount of Exemption |
| Homestead, mobile home, or manufactured home occupied as home by owner |
$75,000 or $105,000 if occupied by an |
| Necessary wearing apparel |
$2,000 |
| Watches, jewelry and articles of adornment |
$2,500 |
| Personal library, family pictures and schoolbooks |
$2,000 |
| Burial sites for family members |
100 % |
| Household goods |
$3,000 |
| Provisions and fuel |
$600 |
| Livestock, poultry, or other animals of farmer and his or her tractors, farm equipment, trucks, machinery and tools |
$50,000 |
| Armed Forces pension |
100% |
| Articles of military equipment personally owned by national guardsman |
100% |
| Stock in trade, equipment and tools used in occupation |
$30,000 |
| One or more motor vehicles or bicycles |
$7,500 |
| One or more motor vehicles of disabled or elderly person or person with a disabled or elderly spouse or dependent (Elderly means 60 or older.See § 13-54-101(2.5) for definition of disabled) |
$12,500 |
| Library of professional person |
$3,000 |
| Cash surrender value of life insurance policies |
$100,000 (cash value increases from contributions made during previous 48 months not exempt) |
| Proceeds of life insurance policies paid to designated beneficiary |
100% (exemption not applicable for debts of beneficiary) |
| Proceeds of claim and avails of insurance policies covering loss or destruction of exempt property |
Extent of exemption given for the lost or destroyed property |
| Proceeds of claim for personal injuries |
100% |
| State or federal earned income tax credit refund or child tax credit |
100% |
| Professionally prescribed health aids |
100% |
| Crime victim’s reparation law awards |
100% |
| Residential security deposits and utility deposits held by third parties |
100% |
| Funds in and benefits of any ERISA-qualified pension, retirement, or deferred compensation plan, and IRAs qualified under the I.R.C. |
100% (child support claims excepted) |
| Child support obligations or payments required by support order |
100% (must be segregated and deposited in custodial bank account) |
| Homestead sale proceeds (for 2 years) |
same as homestead exemption (funds cannot be commingled) |
| Disposable earnings (net earnings after deductions) – Includes health accident, or disability insurance benefits |
80% of disposable earnings OR 40 times the state or fed. minimum hourly wage per week, WHICHEVER IS GREATER |
| |
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| Insurance proceeds from loss of homestead |
Same as homestead exemption |
| Workers’ compensation benefits |
100% (support claims excepted) |
| Unemployment compensation benefits |
100% |
| Proceeds of group life insurance policies |
100% |
| Proceeds of annuity contract or life insurance policy in hands of insurer, if so provided in contract or policy |
100% |
| Sickness and accident insurance benefits |
$200 per month on periodic payments |
| Fraternal Benefit Society benefits |
100% |
| Teacher’s retirement benefits |
100% |
| Public employee’s retirement benefits |
100% |
| Public assistance payments |
100% |
| Police and Firefighters pension benefits |
No limit |
| Specific partnership property |
100% of partner’s interest |
| Property of “cemetery companies” held not for profit |
100% |
| All property subject to a judgment for failure to pay state income tax on qualified benefits from a pension or other retirement plan |
100% |
| Public or private disability benefits |
($4,000 per month) |
| Crime victims’ compensation payments |
100% |
| Retirement benefits–employees of local government |
100% (support claims excepted) |
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