Windsor, CO Bankruptcy Law

Windsor, Colorado 80528
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Filing Bankruptcy In Windsor, CO

While bankruptcy is federal law, many aspects, like exemptions involve state law, and —in the case of the means test — each county in Colorado is assigned its own housing expense standards.

We're here to help you navigate these layers of federal, state, and local rules that come into play when you file bankruptcy in Windsor, CO.

LegalConsumer.com's "Bankruptcy By Zip Code" website has provided free, local bankruptcy information to more than 10 million consumers since 2006! Let us help you learn how bankruptcy works in Windsor, CO. 


How to File 

Means Test

  • Free Means Test Calculator: Are you eligible for Chapter 7? This calculator will help you find out. Online since 2006. Updated with May 15, 2024 income & expense standards. 
  • Local Standards:  Colorado and Larimer County: Every state and county differs.
  • Line by Line Help Just the bits you need when needed. 

Bankruptcy Court


Colorado Bankruptcy Exemptions

  • Schedule C:  The form where you claim your property as exempt.
  • Federal Bankruptcy (§522) Exemptions: 19 states allow you to use the Federal Bankruptcy Exemptions listed in 11 USC § 522. The remaining states have "opted out" and only allow you to use the state law exemptions. 
    • Can use the Federal Bankruptcy (§522) exemptions in Colorado? 

      No. Colo. Rev. Stat. § 13-54-107

  • Colorado Exemptions
  • Real Estate
    • Your Home (Colorado Homestead Exemption): 
      • Real property, mobile home, manufactured home, or house trailer you occupy to $250,000; $350,000 if owner, spouse, or dependent is disabled or age 60 or older; sale proceeds exempt 2 years after received (husband & wife may double)

  • Personal Property:
    • Car/Truck/Van: Most states explicitly exempt motor vehicles. In some states, it's pretty generous. 
      • Motor vehicles or bicycles used for work to $12,000; to $25,000 if used by a debtor or by a dependent who is disabled or age 60 or older

    • Tools of Your Trade: From delivery vans to shop tools, most states allow you to exempt tools you use for your work, up to a certain amount.
    • Wildcard
      • None

  • Financial Accounts & Cash

Types of Debt

  • Secured Debts: Bankruptcy doesn't get rid of secured debts, but in some cases, it can greatly reduce them. When you file, you'll be asked what you plan to do about your secured debts. Your options are:  -
    • Surrender: Give back the property and wipe out any remaining deficiency balance in bankruptcy. 
    • Redeem: - Come up with the cash to buy the property outright at its current value.. 
    • Reaffirm: - Keep the arrangement you have, and leave this debt unaffected by your bankruptcy.
    • Common Types of Secured Debts:
  • Unsecured Debts: Most unsecured debts, like credit cards and medical debts, can be discharged in bankruptcy.
    • Credit Card Debt
    • Medical Debt
    • Personal Loans
    • Payday loans
  • Unsecured Debts that require extra steps:

Lawyers Near Me


Note: This website is updated as time permits. It is up to you to contact your local court and confirm and update any information you need. Information is not advice. See a bankruptcy lawyer for advice about how the law relates to your situation.




Windsor, CO
Bankruptcy by Zip Code

Consumer Protection
Consumer Protection Laws

Basics
Bankruptcy Basics

How to File
How To File Bankruptcy

Courts
Colorado District Bankruptcy Court Info

Forms
Bankruptcy Forms

Means Test
Means Test Calculator
Income & Expenses

Debts
Debts & Dischargeability

Student Loans
Student Loans

Exemptions
Property, Exemptions & Liens

Exemptions
Exemptions By Category

BK Exemptions FAQ
Bankruptcy Exemptions FAQ

Lawyers
Bankruptcy Lawyers & Other Help

News
Bankruptcy News



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