Yes.
The updated Colorado Law provides:
“Any past or present child support obligation owed by a parent or child support
payment made by a parent that is required by a support order is exempt from
levy under writ of attachment or writ of execution for any debt owed by
either parent.”
It needs to be Court Ordered child support to be protected. Voluntary child support payments are not protected as child support.
Before the recent change in the law, if you co-mingled the funds with other money in a bank account you could have an issue protecting it. That is no longer an issue but, you should still segregate it into a separate bank account to be safe.
You should always consult with your attorney prior to filing bankruptcy to make sure your assets are protected.
