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Colorado bankruptcies drop 5.7% in August

DENVER — Colorado bankruptcies declined 5.7% in August compared with the same period a year ago, even as Larimer and Weld counties recorded increases.

Boulder County bankruptcy filings declined, with a slight uptick in Broomfield.

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 514 bankruptcy filings in August, compared with 545 in August 2021.

Year to date, the state has recorded 3,356 bankruptcy filings, compared with 4,552 in the first eight months of 2021, down 26%.

Among counties in the Boulder Valley and Northern Colorado:

  • Boulder County recorded 10 bankruptcy filings in August, compared with 16 in August 2021. The county recorded 108 filings year to date, down from 161 in the first eight months of 2021, down 32.9%. Boulder County recorded 18 bankruptcy filings in July 2022.
  • Broomfield recorded five bankruptcy filings in August, up from four in August 2021. Year-to-date filings totaled 42, compared with 54 a year ago, down 22%. Broomfield recorded five bankruptcy filings in July 2022.
  • Larimer County filings totaled 41 in August, compared with 23 a year ago, an increase of 78%. Filings in the first eight months of the year totaled 200, compared with 222 in the first eight months of 2021, a drop of 10%. Larimer County recorded 30 bankruptcy filings in July 2022.
  • Weld County bankruptcy filings totaled 47 in August, up from 31 recorded a year ago, an increase of 51%. Year-to-date filings totaled 266, compared with 321 a year ago, down 17%. Weld County recorded 35 bankruptcy filings in July 2022.

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

Source: BizWest

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