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Phillips Esq.
Phillips Esq., Attorney-at-Law
Category: Bankruptcy Law
Satisfied Customers: 17533
Experience:  B.A.; M.B.A.; J.D.
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If I file jointly with my wife through bankruptcy in Colorado

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If I file jointly with my wife through bankruptcy in Colorado and only have one vehicle, can I double the vehicle exemption and receive a $10,000 vehicle exemption on the one vehicle vs. $5000 per individual and two cars? Thanks.
Hello: This is PhillipsEsq. I am a licensed Attorney and I will be assisting you today.


If I file jointly with my wife through bankruptcy in Colorado and only have one vehicle, can I double the vehicle exemption and receive a $10,000 vehicle exemption on the one vehicle vs. $5000 per individual and two cars? Thanks.


Response: Yes. You each would claim $5,000.00 for a total of $10,000.00. See Colorado Revised Statutes Section 13-54-102(1)(j)(I).

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