Colorado bankruptcies fall 5.7% in August

ByDonald L. Leech

Sep 16, 2022

Colorado bankruptcies fell 5.7% in August from the same period a year ago, although Larimer and Weld counties saw increases.

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

That’s according to a BizWest analysis of US bankruptcy court data. The figures quoted include all new filings, including cases opened, closed and dismissed. Colorado recorded 514 bankruptcy filings in August, down from 545 in August 2021.

Since the start of the year, the state has registered 3,356 bankruptcy filings, compared to 4,552 in the first eight months of 2021, down 26%.

Among Boulder Valley and Northern Colorado counties:

• Boulder County had 10 bankruptcy filings in August, down from 16 in August 2021. The county has seen 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, down from four in August 2021. Year-to-date filings totaled 42, down from 54 a year ago, down 22%. Broomfield recorded five bankruptcy filings in July 2022.

• Larimer County filings totaled 41 in August, up from 23 a year ago, an increase of 78%. Filings in the first eight months of the year were 200, compared to 222 in the first eight months of 2021, down 10%. Larimer County recorded 30 bankruptcy filings in July 2022.

• Weld County bankruptcy filings totaled 47 in August, compared to 31 recorded a year ago, an increase of 51%. Year-to-date filings totaled 266, down from 321 a year ago, down 17%. Weld County recorded 35 bankruptcy filings in July 2022.

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

This article was first published by BizWest, an independent news agency, and is published under a license agreement. © 2022 BizWestMedia LLC.