May 29, · Colorado Homestead Exemption. Filers can protect up to $75, of equity in a home or other property covered by the Colorado homestead exemption, such as a mobile home. The amount increases to $, if the homeowner, spouse, or dependent is disabled or 60 years of age or karacto.xyz: Cara O'neill, Attorney. COLORADO BANKRUPTCY EXEMPTIONS. Use of federal bankruptcy exemptions not karacto.xyz CRS § Type of Property. Amount of Exemption. Homestead, mobile home, or manufactured home occupied as home by owner. $75, or $, if occupied by an elderly (60+) or disabled debtor or spouse. Jul 05, · Colorado Bankruptcy Exemptions This exemption has a limit to the number of assets it can cover. Most people use Colo. Rev. Stat. § to cover homeowners' insurance proceeds - to homestead amount. For single debtors filing, it has no coverage limit.