Content Tagged As bankrupt

2 years 4 months ago

Petroleum wastewater facility files bankruptcy

GRAND JUNCTION, Colo. (AP) - A Western Slope company that disposes wastewater from oil and gas companies has filed for bankruptcy. The Daily Sentinel reports De Beque-area Black Mountain Recycling filed for Chapter 11 bankruptcy last month. The move came two weeks after a judge granted receivership to the...

3 years 6 months ago

Colorado makes really bad Top 10 list

I popped open Yahoo first thing Tuesday morning to check my email and was greeted with a photo of Colorado's beautiful capitol building, positioned at number one in its news wheel. Beneath it was the headline: 11 State Pension Funds that May Run Out of Money. Bad day for...

3 years 9 months ago

Bankruptcy filings up 14% in 2010

New numbers from the American Bankruptcy Institute show a 14% rise in bankruptcy filings between January and June. That's more than 770,000 new cases nationwide, and it's happening in Southern Colorado. "We were up by the end of May by 66 cases, which is a lot." explains Colorado Springs bankruptcy...

4 years 1 month ago

Decaying apartments symptom of housing crisis

As landlords find themselves owing more than their properties are worth, some have simply walked away, leaving garbage to pile up. Others have disappeared into bankruptcy, with unpaid utility bills. Some have tried to reduce their losses by neglecting basic maintenance. Harold Shultz of the Citizens Housing and Planning Council...

4 years 2 months ago

Bill changing state pensions up for vote

A plan to keep the state's pension system from going bankrupt is set to get its first hearing at the Capitol. Senate President Brandon Shaffer and Senate Minority Leader Josh Penry are backing the bill and expect it to pass its first vote in the Senate Finance Committee on Tuesday....

4 years 4 months ago

Majestic Star casino company files for Chapter 11

Majestic Star Casino LLC is seeking bankruptcy protection after defaulting on debt obligations involving casinos and hotels in Indiana, Colorado and Mississippi. The Las Vegas-based company made its Chapter 11 bankruptcy filing Monday in Delaware. Company chairman Don Barden blamed its financial troubles on the recession and increased competition. He...

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