KKTV 11 News | Colorado Springs, Pueblo |  Breaking News| Weather | School Closings | Traffic

Bankruptcy Filings

By: AP
By: AP

Colorado is on pace to set another record for bankruptcies.

As of Wednesday, state bankruptcy filings were running more than
10% ahead of the same period last year.

In the first nine months of 2004, there were more than 21,000 filings. In 2003, a record of more than 25,000 Colorado households and businesses sought bankruptcy protection. Colorado led the nation with a 21% increase from 2002.

University of Colorado economics professor Richard Wobbekind says Colorado went from having one of the best-performing economies in the nation, to one of the slowest. He says that created an atmosphere ripe for a higher level of bankruptcy. But he adds, Colorado's economy is recovering and cites 8,000 new jobs in August and growth the previous two months as evidence.


KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 1064721