Bankruptcy in Colorado

Colorado has a single federal bankruptcy district. Chapter 7 fees range $1,200-$2,200, Chapter 13 costs $2,800-$6,000. Colorado exemptions include a $75,000 homestead exemption ($105,000 for elderly/disabled), $15,000 motor vehicle, and various personal property exemptions. Colorado allows debtors to only use state exemptions. The state's rapidly rising housing costs along the Front Range corridor (Denver, Boulder, Colorado Springs) have increased bankruptcy filings. Colorado has above-average student loan debt levels, particularly from the state's university system. Chapter 13 plans commonly address mortgage arrearages.