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DENVER—Fewer Colorado consumers and businesses filed for bankruptcy protection last year, down for the first time in five years.
The U.S. Bankruptcy Court’s Colorado district reported nearly 30,000 cases last year, down from more than the 32,000 cases filed in 2010.
According to the Denver Post ( ), the decline was the first since 2006, when filings dropped sharply after stricter bankruptcy rules went into effect.
Bankruptcy court chief clerk Brad Bolton says the decrease may not be all good. He says creditors may be waiting until borrowers have more assets they can recover.
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Information from: The Denver Post,
