Bankruptcy by State
Bankruptcy in Colorado
How Colorado's bankruptcy exemptions, Chapter 7 income limits, and filing volume compare to the rest of the country.
Homestead exemption
$250,000
#10 of 51
Vehicle exemption
$15,000
#4 of 51
Median income (1 person)
$87,940
Chapter 7 means-test threshold
Annual filings
8,707
Year 2025
Colorado vs. national medians
National medians are calculated across all 51 states plus the District of Columbia. Ranks run from #1 (highest) to #51 (lowest). Where a state publishes a range or a conditional amount, the exemption is shown in full and ranked by its guaranteed minimum.
| Metric | Colorado | National median | Rank |
|---|---|---|---|
| Homestead exemption | $250,000 | $90,000 | #10 of 51 |
| Motor vehicle exemption | $15,000 | $7,250 | #4 of 51 |
| Median income (1-person household) | $87,940 | $71,745 | #3 of 51 |
| Median income (4-person household) | $153,501 | $126,058 | #8 of 51 |
| Annual bankruptcy filings | 8,707 | 8,707 | #26 of 51 |