Colorado bankruptcies drop 6.4% in October

DENVER — Colorado bankruptcies declined 6.4% in October compared with the same period a year ago.

Bankruptcy filings were flat or declined slightly in Boulder, Broomfield and Larimer counties and went up slightly in Weld County. 

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 440 bankruptcy filings in October, compared with 470 in October 2021.

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Year to date, the state has recorded 4,254 bankruptcy filings, compared with 5,493 in the first 10 months of 2021, down 22.5%.

Among counties in the Boulder Valley and Northern Colorado:

• Boulder County recorded 17 bankruptcy filings in October, compared with 19 in October 2021. The county recorded 145 filings year to date, down from 201 in the first 10 months of 2021, down 28%. Boulder County recorded 20 bankruptcy filings in September 2022.
• Broomfield recorded eight bankruptcy filings in October, the same as in October 2021. Year-to-date filings totaled 64, compared with 67 a year ago, down 4.5%. Broomfield recorded 14 bankruptcy filings in September 2022.
• Larimer County filings totaled 22 in October, compared with 31 a year ago. Filings in the first 10 months of the year totaled 240, compared with 272 in the first 10 months of 2021, a drop of 11.8%. Larimer County recorded 18 bankruptcy filings in September 2022.
• Weld County bankruptcy filings totaled 39 in October, up from 31 recorded a year ago, an increase of 26%. Year-to-date filings totaled 345, compared with 384 a year ago, down 10%. Weld County recorded 40 bankruptcy filings in September 2022.