GREELEY — After a tumultuous year of trying to get out from under a mountain of debt — some of which was derived from alleged deceptive practices by lenders — a local civil construction and project management company has sought Chapter 11 bankruptcy protection.
Open Range Services Inc. filed for bankruptcy reorganization on July 31 while facing several lawsuits for unpaid loans, federal and state tax liens, mountains of credit card debt and unpaid bills.
In the bankruptcy proceeding, Open Range president Jason Gant reports that the company has $10.3 million in liabilities, about double what the company reports in bankruptcy documents as revenue last year, and dwarfing the $1.3 million in revenue the company recorded in the…
