Colorado Bankruptcy Laws - Pensions
Colorado Revised Statutes provide for the following pension rights to be retained when filing under the Code,
if earned in a qualified profession:
- 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
Operation of Laws
According to 11 U.S.C. 522(l) "The debtor shall file a list of property that the debtor claims as exempt
under subsection (b) of this section. If the debtor does not file such a list, a dependent of the debtor may
file such a list, or may claim property as exempt from property of the estate on behalf of the debtor. Unless a
party in interest objects, the property claimed as exempt on such list is exempt." The trustee, creditors, an
interested party, or the court upon it's own motion, may file an objection to exemptions designated within a
debtor's schedule. Denial requires notice to debtors and hearing.
Back to Colorado Bankruptcy Laws contents page.
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