Colorado bankruptcies decline 24% in 2021

DENVER — Bankruptcy filings continued their steep declines in December, with Colorado reporting 24% fewer filings for the entire year, and posting a 32% decline for the month compared with the same period a year ago.

Filings also dropped in Boulder, Broomfield, Larimer and Weld counties, both for the month and year.

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 6,281 bankruptcy filings in 2021, compared with 8,279 in 2020 and 11,038 in 2019. December filings totaled 377, down 32%.

Among counties in the Boulder Valley and Northern Colorado:

  • Boulder County recorded nine bankruptcy filings in December, compared with 22 in December 2020. Filings in 2021 totaled 222, compared with 305 in 2020.
  • Broomfield recorded three bankruptcy filings in December, down from seven in December 2020. Filings for the year totaled 72, down from 101 in 2020. 
  • Larimer County filings totaled 17 in December, compared with 24 a year ago. Filings for the year totaled 312, down from 422 in 2020.
  • Weld County bankruptcy filings totaled 28 in December, down from 41 recorded a year ago. Filings for the year totaled 446, compared with 524 a year ago.

DENVER — Bankruptcy filings continued their steep declines in December, with Colorado reporting 24% fewer filings for the entire year, and posting a 32% decline for the month compared with the same period a year ago.

Filings also dropped in Boulder, Broomfield, Larimer and Weld counties, both for the month and year.

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 6,281 bankruptcy filings in 2021, compared with 8,279 in 2020 and 11,038 in 2019. December filings totaled 377, down 32%.

Among counties in the Boulder Valley and Northern Colorado:

  • Boulder County recorded nine bankruptcy filings in December, compared with 22 in December 2020. Filings in 2021 totaled 222, compared with 305 in 2020.
  • Broomfield recorded three bankruptcy filings in December, down from seven in December 2020. Filings for the year totaled 72, down from 101 in 2020. 
  • Larimer County filings totaled 17 in December, compared with 24 a year ago. Filings for the year totaled 312, down from 422 in 2020.
  • Weld County bankruptcy filings totaled 28 in December, down from 41 recorded a year ago. Filings for the year totaled 446, compared with 524 a year ago.