Bankruptcy Record

By: Associated Press
By: Associated Press

More Colorado residents and businesses are filing for bankruptcy than ever before.

Filings for the first six months of the year are running 21 percent ahead of 2002.

Experts say a rocky economy and massive layoffs pushed bankruptcy filings to 21,260 last year. There have been 1,294 personal and business bankruptcy filings so far this year.

A recent study shows Colorado with the nation's second-highest percentage increase in bankruptcy filing rates over a two-year period ending in March.

The bankruptcy boom has forced the U.S. Bankruptcy Court in Denver to consider adding two trustees to the court 19-member panel.

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