Boulder Dentistry files for Chapter 11 bankruptcy
BOULDER — Boulder Dentistry P.C. has filed for Chapter 11 bankruptcy, likely due to a contested judgement against a bank.
In filings with the U.S. Bankruptcy Court of Colorado, the dental office said it had less than $50,000 in assets and between $500,000 to $1 million in liabilities.
The largest claim against it is from First Citizens Bank & Trust Co., which claims $488,287.79 in a judgment that is listed as disputed.
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Boulder Dentistry’s income statement for this calendar year showed it had $53,641 in net income and its debt ratio is 0.473. Companies are generally considered highly leveraged if their debt ratio is above 0.5.
Requests for further comment to Boulder Dentistry’s listed attorney were not returned Thursday afternoon.
BOULDER — Boulder Dentistry P.C. has filed for Chapter 11 bankruptcy, likely due to a contested judgement against a bank.
In filings with the U.S. Bankruptcy Court of Colorado, the dental office said it had less than $50,000 in assets and between $500,000 to $1 million in liabilities.
The largest claim against it is from First Citizens Bank & Trust Co., which claims $488,287.79 in a judgment that is listed as disputed.
Boulder Dentistry’s income statement for this calendar year showed it had $53,641 in net income and its debt ratio is 0.473. Companies are…
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