Colorado bankruptcy filings fell 40% in April from the same period a year ago, continuing a downward trend seen throughout 2021 and so far in 2022.
Deposits also fell in Larimer, Weld, Boulder and Broomfield counties from the prior year period.
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 415 bankruptcy filings in April, down from 694 in April 2021.
Since the start of the year, the state has recorded 1,514 bankruptcy filings, compared to 2,325 in the first four months of 2021, down 34.8%.
Among northern Colorado and Boulder Valley counties:
- Larimer County filings totaled 28 in April, down from 33 a year ago, down 15%. Filings in the first four months of the year totaled 91, compared to 106 in the first four months of 2021, a decline of 14.1%. Larimer County recorded 29 bankruptcy filings in March 2022.
- Weld County bankruptcy filings totaled 27 bankruptcy filings in April, down from 56 filed a year ago, a drop of 51.8%. Year-to-date filings totaled 116, down from 174 a year ago, down 33%. Weld County recorded 42 bankruptcy filings in March 2022.
- Boulder County had 12 bankruptcy filings in April, down from 31 in April 2021, down 61.3%. The county has seen 55 filings year-to-date, down from 94 in the first four months of 2021, down 41.5%. Boulder County recorded 19 bankruptcy filings in March 2022.
- Broomfield recorded two bankruptcy filings in April, compared to five in April 2021, a drop of 60%. Year-to-date filings totaled 17, down from 23 a year ago, down 26%. Broomfield recorded six bankruptcy filings in March 2022.
This article was first published by BizWest, an independent news agency, and is published under a license agreement. © 2022 BizWestMedia LLC.
