Colorado bankruptcy filings climb 22% in June

DENVER — Colorado bankruptcy filings climbed 22% in June compared with the prior year, continuing a trend of increases dating back to December.

June 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 522 bankruptcy filings in June, compared with 429 in June 2022. Colorado recorded 548 bankruptcy filings in May.

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Year-to-date filings increased 22% statewide, to 2,912 from 2,389 through June 2022. Individual bankruptcies increased 22.5% year-to-date, while business filings decreased 8.7%.

Among counties in the Boulder Valley and Northern Colorado:

• Boulder County recorded 24 bankruptcy filings in June, double the number from a year ago. The county has recorded 123 filings year-to-date, up from 80 a year ago, an increase of 53.7%. Boulder County recorded 22 filings in May.
• Broomfield recorded four bankruptcy filings in June, down from six in June 2022, a decrease of 33%. Year-to-date filings total 21, down from 32 in 2022, a 34.4% decrease. Broomfield recorded seven filings in May.
• Larimer County filings totaled 26 filings in June, compared with 11 a year ago, an increase of 136%. Year-to-date filings total 183, up 42% from 129 a year ago. Larimer County recorded 38 bankruptcy filings in May.
• Weld County bankruptcy filings totaled 53 in June, up from 36 recorded a year ago, an increase of 47%. Year-to-date filings total 258, up 40% from 184 through June 2022. Weld County recorded 49 bankruptcy filings in May 2023.

Christopher Wood

Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.