2012 Cumulative Bankruptcy Stats in Denver and the Northeast Region
Bankruptcy By Geographic Region
Compared To: Total Bankruptcy Cases Reported in Colorado
Break Down: Bankruptcy Cases By Chapter in Colorado
In compassion with the other regions of Colorado Springs/ Southeast region and Grand Junction/ Western Region, Denver and the Northeast Region has consistently recorded many more reports of Bankruptcy. Reporting back to 2000, the Denver Northeast Region reported 656 bankruptcies. Each year following, the number only creased. In 2004, there was a reported 1173. In 2009, the number of bankruptcy almost doubled with 1145. It may be to soon to tell if this is the year that less people will have to final for bankruptcy, however bankruptcy is something that if needed, will help you get on the right track, with a fresh start. The analysis of January is creditable for the following months. A similar pattern occurs, with little change in the numbers. Click here to have a look at the numbers reported for the months following.
On average, in the Denver and Northeast Region of Colorado in the past 10 years has ranged from 60%-79% of the bankruptcies. Here is a list of some of the leading causes of Bankruptcy:
- Medical Expenses
- Job Loss
- Uncontrolled Spending
- Divorce
- Unexpected Disaster
- Avoiding Foreclosure
- Poor Financial Planning
- Preventing Loss of Utilities
- Student Loans
- Preventing Repossession
