Wednesday, December 18, 2013

October bankruptcies in Colorado fall 24 percent in 2013

According to the US Courts, bankruptcy filings in October in Colorado were down 24 percent in October 2013, dropping to 1,463 from October 2012's total of 2,277. October's total was the smallest total reported in October since 2007. The first graph compares monthly totals for each month since 2006:

The Year over year change for bankruptcies has been negative each month for the past 33 months, as shown in the second graph. The trend has been downward since 2011.