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How Much is the Household Goods Exemption in Bankruptcy in Colorado?

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Under Colorado law, people who file bankruptcy are allowed to keep certain property.  This property is “exempt” from being used by the trustee to pay the person’s debts.

Colorado Revised Statute 13-54-102(1)(e) allows debtors to exempt household goods to the extent of $3,000.00.

Typically, this value is based on the price you would get for the property if you were to sell it at a garage sale, and is not the replacement value if you had to buy the property new.

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