Colorado bankruptcies decline 40% in April

DENVER — Colorado bankruptcy filings dropped 40% in April 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 415 bankruptcy filings in April, compared with 694 in April 2021.

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Year to date, the state has recorded 1,514 bankruptcy filings, compared with 2,325 in the first four months of 2021, down 34.8%.

Among counties in the Boulder Valley and Northern Colorado:

• Boulder County recorded 12 bankruptcy filings in April, compared with 31 in April 2021, down 61.3%. The county recorded 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, down from five in April 2021, a decrease of 60%. Year-to-date filings totaled 17, compared with 23 a year ago, down 26%. Broomfield recorded six bankruptcy filings in March 2022.
• Larimer County filings totaled 28 in April, compared with 33 a year ago, down 15%. Filings in the first four months of the year totaled 91, compared with 106 in the first four months of 2021, a drop 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 recorded a year ago, a decline of 51.8%. Year-to-date filings totaled 116, compared with 174 a year ago, down 33%. Weld County recorded 42 bankruptcy filings in March 2022.