State

Feb 13, 2011 5:59 PM by AP

Personal bankruptcy filings rise in Colorado

DENVER (AP) - The number of businesses filing for bankruptcy protection fell for the first time in four years in 2010, but a rising number of individuals filed for protection.

Statistics compiled by the U.S. Bankruptcy Court in Colorado show there were 1,349 bankruptcy filings among businesses in 2010, down almost 4 percent from 1,404 the year before.

Personal bankruptcy filings increased about 17 percent to 31,160 in 2010, up from 26,593 the year before.

The record for personal filings in Colorado was 42,023, set in 2005, when there was a change in the bankruptcy code.

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Information from: The Denver Post, http://www.denverpost.com


(Copyright 2011 by The Associated Press. All Rights Reserved.)

 

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