Colorado bankruptcies drop 30.9% in May
Colorado bankruptcy filings fell 30.9% in May from the same period a year ago, continuing a downward trend seen throughout 2021 and so far in 2022.
Filings also fell in Boulder, Larimer and Weld counties from the year-ago period, with only Broomfield County seeing a slight increase.
That’s according to a BizWest analysis of US bankruptcy court data. The figures quoted include all new filings, including cases opened, closed and dismissed. Colorado recorded 446 bankruptcy filings in May, compared to 646 in May 2021.
Since the start of the year, the state has recorded 1,960 bankruptcy filings, compared to 2,971 in the first five months of 2021, down 34%.
Among the counties in the region:
- Boulder County saw 13 bankruptcy filings in May, down from 14 in May 2021. The county has seen 68 filings year-to-date, down from 108 in the first five months of 2021, down 37%. Boulder County recorded 12 bankruptcy filings in April 2022.
- Broomfield recorded nine bankruptcy filings in May, down from seven in May 2021. Year-to-date filings totaled 26, down from 30 a year ago, down 13%. Broomfield recorded two bankruptcy filings in April 2022.
- Larimer County filings totaled 27 in May, down from 36 a year ago. Filings in the first five months of the year were 118, compared to 142 in the first five months of 2021, a decline of 16.9%. Larimer County recorded 28 bankruptcy filings in April 2022.
- Weld County bankruptcy filings totaled 32 bankruptcy filings in May, up from 45 recorded a year ago. Year-to-date filings totaled 148, down from 219 a year ago, down 32.4%. Weld County recorded 27 bankruptcy filings in April 2022.
This article was first published by BizWest, an independent news agency, and is published under a license agreement. © 2022 BizWestMedia LLC.