Denver (AP) The U.S. bankruptcy court in Denver has set a record for the number of filings in one day. The number was 433 last Friday. Court officials don't expect that record to last for long.
It's likely the flurry of filings is being spurred by a new law that will make it tougher to file bankruptcy. The law takes effect October 17th. The new law includes higher filing fees and requires credit counseling and debt education.
About 28,000 bankruptcies have been filed so far this year in Colorado. Last year's total was 27,993.
Copyright 2005 by the Associated Press. All rights reserved.
© KKCO NBC 11 News - All Rights Reserved
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.