Colorado bankruptcies decline 16% in July

DENVER — Colorado bankruptcy filings dropped 16% in July compared with the same period a year ago, but filings increased slightly in Boulder and Larimer counties.

Broomfield and Weld counties showed declines from July 2021.

That’s according to a BizWest analysis of U.S. Bankruptcy Court data. Numbers cited include all new filings, including open, closed and dismissed cases. Colorado recorded 453 bankruptcy filings in July, compared with 540 in July 2021.

Year to date, the state has recorded 2,842 bankruptcy filings, compared with 4,007 in the first seven months of 2021, down 29%.

Among counties in the Boulder Valley and Northern Colorado:

• Boulder County recorded 18 bankruptcy filings in July, compared with 16 in July 2021. The county recorded 98 filings year to date, down from 145 in the first seven months of 2021, down 32.4%. Boulder County recorded 12 bankruptcy filings in June 2022.
• Broomfield recorded five bankruptcy filings in July, down from 12 in July 2021. Year-to-date filings totaled 37, compared with 50 a year ago, down 26%. Broomfield recorded six bankruptcy filings in June 2022.
• Larimer County filings totaled 30 in July, compared with 23 a year ago. Filings in the first seven months of the year totaled 159, compared with 199 in the first seven months of 2021, a drop of 20%. Larimer County recorded 11 bankruptcy filings in June 2022.
• Weld County bankruptcy filings totaled 35 in July, down from 37 recorded a year ago. Year-to-date filings totaled 219, compared with 290 a year ago, down 24.5%. Weld County recorded 36 bankruptcy filings in June 2022.

Source: BizWest