All states have unique income limits when it comes to qualifying for chapter 7 bankruptcy. For the state of Colorado, you can use the below table as a guide to see if you could qualify. This government website can also help guide you, although it may not be as straightforward.
Below is a quick estimate to check the median income limit. You can then use our longer means test calculator below to estimate whether you qualify and how much bankruptcy may cost you in Colorado.
Make sure to look at the accurate household size when referring to the table. If you have more members in your household than what is included below, you may add $11,100 for each additional one.
Keep in mind, the data for the income limits may change a couple times per year. Make sure you are considering the most updated data.
Colorado Means Test Calculator
If you are unsure as to whether or not you may qualify for a Chapter 7 bankruptcy, feel free to take our free Chapter 7 calculator. The calculator was designed with you in mind and is based on the bankruptcy means test forms in Colorado! We want to make sure you understand your eligibility, along with the other options that may be available to you based on your individual situation.