The Colorado law protecting equity in motor vehicles when filing bankruptcy changed on April 7, 2022. If you are under 60 years of age, you can now protect a total of $15,000 in equity in one or two motor vehicles or bicycles. If you are 60 years of age or older or disabled you can now protect a total of $25,000 in equity in two motor vehicles or bicycles. In a joint filing a husband and wife can each claim the exemption.
If you are living out of your vehicle, you may be able to claim the Colorado Homestead Exemption to protect it.
