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Colorado bankruptcies drop 2.8% in September

DENVER — Colorado bankruptcies declined 2.8% in September compared with the same period a year ago.

Bankruptcy filings declined slightly in Boulder and Larimer counties, with increases in Broomfield and Weld counties.

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 458 bankruptcy filings in September, compared with 471 in September 2021.

Year to date, the state has recorded 3,814 bankruptcy filings, compared with 5,023 in the first nine months of 2021, down 24%.

Among counties in the Boulder Valley and Northern Colorado:

  • Boulder County recorded 20 bankruptcy filings in September, compared with 21 in September 2021. The county recorded 128 filings year to date, down from 182 in the first nine months of 2021, down 29.7%. Boulder County recorded 10 bankruptcy filings in August 2022.
  • Broomfield recorded 14 bankruptcy filings in September, up from five in September 2021. Year-to-date filings totaled 56, compared with 59 a year ago, down 5%. Broomfield recorded five bankruptcy filings in August 2022.
  • Larimer County filings totaled 18 in September, compared with 19 a year ago. Filings in the first nine months of the year totaled 218, compared with 241 in the first nine months of 2021, a drop of 9.5%. Larimer County recorded 41 bankruptcy filings in August 2022.
  • Weld County bankruptcy filings totaled 40 in September, up from 32 recorded a year ago, an increase of 25%. Year-to-date filings totaled 306, compared with 353 a year ago, down 13.3%. Weld County recorded 31 bankruptcy filings in August 2022.

Larimer County filings included an involuntary bankruptcy petition for Statera Biopharma Inc., a Fort Collins biotech company.

Source: BizWest

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