Colorado Bankruptcy Law - Courts & Lawyers in Colorado
A Brief Guide to Colorado Bankruptcy Law
Colorado bankruptcy law does not allow federal exemptions to be used in addition to their state exemptions but they do allow the use of federal non-bankruptcy exemptions. These include but are not limited to:
- Wages - At least 75 percent of unpaid wages
- Social Security benefits
- Civil Service benefits
- Veterans Benefits
Homestead: property up to $60,000 is exempt and $90,000 if the occupants (debtor, spouse or dependents) are disabled or over 60.
Personal property: Clothing to $1,500, food and fuel to $600, one burial plot per person, health aids, household goods up to $3,000, jewelry up to $1,000, motor vehicle for work up to $3,000, motor vehicles for the disabled up to $6,000, pictures and books up to $1,500, personal injury recoveries and security deposits.
Insurance: disability benefits up to $200 per month or lump sum and life insurance.
Miscellaneous: Property of business partnership.
Pension: IRAs, veterans, teachers, firefighters, police officers and public employees.
Public benefits: Aid to the disabled, unemployment compensation, crime victims' compensation and workers' compensation.
Tools of trade: farm equipment up to $25,000, library of professional to $3,000, business materials to $10,000, livestock and poultry to $3,000.
There is only one District Bankruptcy Court in Colorado:
U.S. Bankruptcy Court for the District of Colorado
721 19th Street
Denver, CO 80202-2508
Tel: (720) 904-7300
You can find bankruptcy attorneys and lawyers in your area using these directory sites: