Colorado bankruptcy filings climb 23% in May

DENVER — Colorado bankruptcy filings climbed 23% in May compared with the prior year, continuing a trend of increases dating back to December.

May filings increased in Boulder, Larimer and Weld counties, with Broomfield’s numbers declining.

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 548 bankruptcy filings in May, compared with 446 in May 2022. Colorado recorded 520 bankruptcy filings in April.

Year-to-date filings increased 22% statewide, to 2,390 from 1,960 through May 2022. Individual bankruptcies increased 22.4% year-to-date, while business filings decreased 2.5%.

Among counties in the Boulder Valley and Northern Colorado:

• Boulder County recorded 22 bankruptcy filings in May, up from 13 in May 2022, a 69% increase. The county has recorded 99 filings year-to-date, up from 68 a year ago, an increase of 45.6%. Boulder County recorded 25 filings in April.
• Broomfield recorded seven bankruptcy filings in May, down nine in May 2022, a decrease of 22%. Year-to-date filings total 17, down from 26 in 2022, a 34.6% decrease. Broomfield recorded two filings in April.
• Larimer County filings totaled 38 in May, compared with 27 a year ago, an increase of 41%. Year-to-date filings total 157, up 33% from 118 a year ago. Larimer County recorded 30 bankruptcy filings in April.
• Weld County bankruptcy filings totaled 49 in May, up from 32 recorded a year ago, an increase of 53%. Year-to-date filings total 205, up 38.5% from 148 through May 2022. Weld County recorded 38 bankruptcy filings in April 2023.

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