Q: Is there a set list of property that is exempt from bankruptcy proceedings?
A: Yes, but it's complicated. If you have been a Colorado resident for at least two years prior to filing bankruptcy, you must use the Colorado exemptions. There are many and they are spread out over several sections of the Colorado Revised Statutes and Rules. Common examples are the $75,000.00 exemption for a homestead and the $7,500.00 exemption for up to two vehicles. There are exemptions for clothing, jewelry, household goods and many more. If you have not been a Colorado resident for two years prior to filing, you will have use another state's exemptions or the federal exemptions depending on several factors. Also, there are federal non-bankruptcy exemptions that anyone can use. Consult a qualified bankruptcy attorney to discover the specific exemptions you are entitled to.
Tristan Kenyon Schultz agrees with this answer
A:
This provides a short list: http://www.coloradobankruptcy.com/exemptions.html .
For all the details, you will need to contact a bankruptcy attorney.
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