Colorado bankruptcy filings climb 25% in April
DENVER — Colorado bankruptcy filings climbed 25% in April compared with the prior year, an improvement over March filings, which had surged 34% compared with the same period a year ago.
April filings increased in Boulder, Larimer and Weld counties, with Boulder’s numbers more than doubling those of April 2022.
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 520 bankruptcy filings in April, compared with 415 in April 2022. Colorado recorded 596 bankruptcy filings in March.
Year-to-date filings increased 21.7% statewide, to 1,842 from 1,514 through April 2022. Individual bankruptcies increased 22.4% year-to-date, while business filings decreased 16.6%.
Among counties in the Boulder Valley and Northern Colorado:
- Boulder County recorded 25 bankruptcy filings in April, up from 12 in April 2022, a 108% increase. The county has recorded 77 filings year-to-date, up from 55 a year ago, an increase of 40%. Boulder County recorded 23 filings in March.
- Broomfield recorded two bankruptcy filings in April, unchanged from April 2022. Year-to-date filings total 10, down from 17 in 2022, a 41.2% decrease. Broomfield recorded four filings in March.
- Larimer County filings totaled 30 in April, compared with 28 a year ago, an increase of 7%. Year-to-date filings total 119, up 30.8% from 91 a year ago. Larimer County recorded 41 bankruptcy filings in March.
- Weld County bankruptcy filings totaled 38 in April, up from 27 recorded a year ago, an increase of 41%. Year-to-date filings total 156, up 34.5% from 116 through April 2022. Weld County recorded 65 bankruptcy filings in March 2023.