Colorado bankruptcies decline 26% in February

DENVER — Colorado bankruptcy filings dropped 25.8% in February compared with the same period a year ago, continuing a pattern of declines seen throughout 2021 and thus far in 2022.

Filings dropped in Boulder, Larimer and Weld counties, with only Broomfield recording a single filing more than in February 2021.

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 336 bankruptcy filings in February, compared with 453 in February 2021.

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Among counties in the Boulder Valley and Northern Colorado:

• Boulder County recorded 10 bankruptcy filings in February, compared with 13 in February 2021.
• Broomfield recorded four bankruptcy filings in February, up from three in February 2021.
• Larimer County filings totaled 19 in February, compared with 20 a year ago.
• Weld County bankruptcy filings totaled 17 in February, down from 31 recorded a year ago.

Regional bankruptcies included a Chapter 11 filing from Drala Mountain Center, formerly Shambhala Mountain Center, in Larimer County.