Colorado Bankruptcy Laws - Miscellaneous Exemptions
Colorado Revised Statutes provide for the following miscellaneous property items to be retained when filing
under the Code:
- 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
- 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
- Horses, mules, wagons, carts, machinery, harness and tools of farmer to $2,000 total - 13-54-102 (1)(g)
- Library of professional to $1,500 or stock in trade, supplies, fixtures, machines, tools, maps, equipment
and books to
$1,500 total - 13-54-102 (1)(i), (k)
- Livestock and poultry of farmer to $3,000 - 13-54-102 (1)(g)
Operation of Colorado bankruptcy laws with the Code
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 before the Colorado bankruptcy
court. 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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