Consumer Reporter Files for Bankruptcy
Posted on Oct 6, 2011 2:35pm PDT
A consumer reporter in the Denver, Colorado area has reportedly filed for Chapter 7 bankruptcy. According to reports, he has listed his debts as being primarily related to his business. He blames his problems on bad commercial real estate debt, the recession and failed banks. He has reportedly listed his assets at about $1.37 million while debts are listed at about $78.6 million. Chapter 7 will allow him to liquidate assets to pay off creditors.
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