FEDERAL BANKRUPTCY EXEMPTIONS ARE NOT AVAILABLE
All law references are to Colorado Bankruptcy Code.

ASSET

EXEMPTION

LAW PROVISION

HOMESTEAD

Equity in your home or sale proceeds if sold within the year prior to bankruptcy, up to $60,000; $90,000 if owner, spouse or dependent is disable or aged 60 or older.

38-41-203, 38-41-207

Spouse or child of deceased owner may claim homestead exemption

38-41-204

INSURANCE 

Disability benefits to $200 per month; if receive lump sum, entire amount exempt

10-8-114

Fraternal benefit society benefits

10-14-122

Group life insurance policy or proceeds

10-7-205

Homeowners’ insurance proceeds for 1 year after received, to homestead exemption amount

38-41-209

Life insurance avails to $5,000

13-54-102(1)(I)

Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiary’s creditors

10-7-106

MISCELLANEOUS

Child support if recipient does not mix with other money or deposits into separate account for the benefit of the child

13-54-102.5

Property of business partnership

7-60-125

PENSIONS

ERISA-qualified benefits, including IRAs

13-54-102(1)(s)

Firefighters

31-10-412, 31-30-518

Police officers

31-30-313, 31-31-616

Public Employees

24-51-212

Teachers

22-64-120

Veterans

13-54-102(1)(h), 13-54-104

PERSONAL PROPERTY

1 burial plot per person

13-54-102(1)(d)

Clothing to $1500 for each family member

13-54-102(1)(a)

Food and Fuel to $600

13-54-102(1)(f)

Health aids

13-54-102(1)(p)

Household goods to $3,000 total

13-54-102(1)(e)

Jewelry and articles of adornment to $1,000 total

13-54-102(1)(b)

Equity in motor vehicle, up to $6,000 or $10,000 if elderly or disabled

13-54-102(j)(I), (II)

Personal injury recoveries, unless debt related to injury

13-54-102(1)(n)

Pictures and books to $1,500

13-54-102(1)(c)

Proceeds for damaged exempt property

13-54-102(1)(m)

Security deposit

13-54-102(1)(r)

PUBLIC BENEFITS

Aid to blind, aged, disabled, AFDC

26-2-131

Crime victims’ compensation

13-54-102(1)(q), 24-4.1-114

Unemployment compensation

8-80-103

Veterans’ benefits for veteran, spouse or child if veteran served in war

13-54-102(1)(h)

Workers’ compensation

8-42-124

TOOLS OF TRADE

Horses, mules, wagons, carts, machinery, harness and tools of farmer to $50,000 total

13-54-102 (1)(g)

Library of professional to $3,000 or stock in trade, supplies, fixtures, machines, tools, maps, equipment and books to
$20,000 total

13-54-102 (1)(i), (k)

Livestock and poultry of farmer to $3,000

13-54-102 (1)(g)

WAGES

Minimum 75% of earned but unpaid wages, pension payments

13-54-104

WILDCARD

NONE