Colorado bankruptcies decline 26% in November from year ago

DENVER — Colorado bankruptcy filings continued their decline from year-ago numbers in November, dropping 26.47% compared with the same period in 2020, with bankruptcy filings also declining in Boulder, Broomfield and Larimer counties. Weld County saw an increase in bankruptcy filings during the month.

That’s according to a BizWest analysis of U.S. Bankruptcy Court data. The state recorded 411 bankruptcy filings in November, down from 559 a year ago and 59 fewer than in October 2021. Year to date, bankruptcy filings totaled 5,904 statewide, down 23.55% from 7,723 recorded through November 2020.

Among counties in the Boulder Valley and Northern Colorado:

• Boulder County recorded 12 bankruptcy filings in November, compared with 20 in November 2020. Year-to-date filings totaled 212, compared with 283 a year ago.
• Broomfield recorded two bankruptcy filings in November, compared with four in November 2020. Year-to-date filings totaled 69, down from 94 in 2020. 
• Larimer County filings totaled 23 in November, compared with 36 a year ago. Year-to-date filings totaled 295, down from 398 through November 2020.
• Weld County bankruptcy filings totaled 34 in November, up from 25 recorded a year ago. Year to date, Weld County has recorded 418 bankruptcy filings, compared with 483 a year ago.

© 2021 BizWest Media LLC

on Facebook on LinkedIn