Hundreds File Bankruptcy Cases To Beat A Monday Deadline

Denver (AP) Hundreds of Coloradans are filing for bankruptcy protection ahead of changes in the federal law that take effect Mnday. U.S. Bankruptcy Court Clerk Brad Bolton says 1,491 cases were filed Wednesday to set a new record. Another 332 were filed before noon Thursday.

President Bush signed the bankruptcy overhaul into law on April 20th. Requirements for bankruptcy protection will become stricter, including filing for protection under chapter seven. That's where debts may be wiped out entirely.

Bolton says he has about 20 employees dedicated to handling the filings in the Denver court, ten more than he had a year ago.

Copyright 2005 by the Associated Press. All rights reserved.
© KKCO NBC 11 News - All Rights Reserved


KKCO NBC 11 News
2531 Blichmann Avenue
Grand Junction, CO 81505

Station Phone: 970.243.1111
Business Fax: 970.243.1770
Newsroom Fax: 970.245.3793
News Tip & Contest Line: 970.255.8477
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 2065602 - nbc11news.com/a?a=2065602
Gray Television, Inc.