Wednesday, January 8, 2014

November 2013 bankruptcies down 17 percent

According to the US Bankruptcy Court in Colorado, The number of bankruptcies filed in Colorado during November 2013 was down year over year by 17 percent, and the 12-month moving average continued to move down.

There were 1534 bankruptcy filings during November, compared to 1851 during November of 2012. The first graph shows YOY change for each month. The year over year change has been negative for the past 34 months.

The second graph shows the 12-month moving average for bankruptcies. Clearly, the overall trend is downward, with bankruptcies peaking and 2011, and total falling since.