Tag: Bankruptcy
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Tattered Cover bookstore chain files for bankruptcy
The bankruptcy filing on Monday said Tattered Cover owes its creditors, numbering in the hundreds, between $1 million and $10 million
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Colorado justices skeptical of ‘free house’ loophole in bankruptcy case
Members of the Colorado Supreme Court appeared wary on Tuesday of the idea that bankruptcy can trigger a six-year window for foreclosure, after which banks are no longer able to take possession of a home — even if decades remain on the mortgage itself. Beyond the legal and practical concerns behind the “free house” interpretation of…
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Colorado bill would cap medical debt interest, implement other consumer protections
Cindy Powers underwent emergency surgery to fix a life-threatening abdominal obstruction in 2004. Over the next five years, she received 18 additional surgeries to address complications, infections and hernias, before her condition was finally fixed in 2009. But while her medical nightmare had come to an end, the financial nightmare was just beginning. Even with…
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State Supreme Court to examine foreclosure timeline, narrowly turns down DUI appeals
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The Colorado Supreme Court has agreed to review a lower court’s ruling that banks and mortgage lenders argue gives an improper incentive to rapidly foreclose on certain homeowners. On Monday, the justices announced they will hear the case of U.S. Bank National Association v. Silvernagel, which centers on Colorado’s six-year statute of limitations for lenders to foreclose…
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Denver-area development group eyes timetable on possible Antlers hotel transformation in Colorado Springs
A Denver-area development group says it expects to know within 30 days whether it will seek to proceed with its proposal to transform the historic Antlers hotel in downtown Colorado Springs into apartments. Though the 273-room Antlers remains a prominent downtown property, its promenade area on the hotel’s east side near Cascade and Pikes Peak…
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Casa Bonita super fans to hold fundraising event for restaurant
A group of super fans who banded together to try to save the iconic Casa Bonita restaurant is holding an event Monday evening to spread awareness and help raise money to support their efforts. Like many restaurants, Casa Bonita closed its doors during the COVID-19 pandemic; however, despite months-old promises to reopen “soon,” the restaurant…
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Punch Bowl Social declares bankruptcy amid COVID-19 closures
The Denver-based chain Punch Bowl Social filed for Chapter 11 bankruptcy protection Monday after closing nearly all of its 20 locations during the COVID-19 pandemic. In the filing, the 8-year-old company reported between $10 million and $50 million in liabilities to between 200 and 999 creditors. It reported the same estimated amount in assets. Punch…