Colorado bankruptcies decline 33% in March

DENVER — Colorado bankruptcy filings dropped 33.4% in March compared with the same period a year ago, continuing a pattern of declines seen throughout 2021 and thus far in 2022.

Filings also dropped in Boulder, Broomfield, Larimer and Weld counties compared with the year-ago period.

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 446 bankruptcy filings in March, compared with 670 in March 2021.

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Year to date, the state has recorded 1,099 bankruptcy filings, compared with 1,631 in the first quarter of 2021, down 32.6%.

Among counties in the Boulder Valley and Northern Colorado:

• Boulder County recorded 19 bankruptcy filings in March, compared with 27 in March 2021, down 29.6%. The county recorded 43 filings in the first quarter, down from 63 in the first quarter of 2021, down 31.7%. Boulder County recorded 10 bankruptcy filings in February 2022.
• Broomfield recorded six bankruptcy filings in March, down from 11 in March 2021, a decrease of 45.5%. First-quarter filings totaled 15, compared with 18 a year ago, down 16.7%. Broomfield recorded four bankruptcy filings in February 2022.
• Larimer County filings totaled 29 in March, compared with 33 a year ago, down 12%. Filings in the first quarter totaled 63, compared with 73 in the first quarter of 2021, a drop of 13.7%. Larimer County recorded 19 bankruptcy filings in February 2022.
• Weld County bankruptcy filings totaled 42 bankruptcy filings in March, down from 49 recorded a year ago, a decline of 14.3%. First-quarter filings totaled 89, compared with 118 a year ago, down 24.6%. Weld County recorded 17 bankruptcy filings in February 2022.