Colorado bankruptcies drop 26% in February – Loveland Reporter-Herald

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DENVER — Colorado bankruptcy filings fell 25.8% in February from the same period a year ago, continuing a downward trend seen throughout 2021 and so far into 2022.

Deposits fell in Boulder, Larimer and Weld counties, with only Broomfield seeing just one more deposit than in February 2021.

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 336 bankruptcy filings in February, down from 453 in February 2021.

Among Boulder Valley and Northern Colorado counties:

  • Boulder County recorded 10 bankruptcy filings in February, down from 13 in February 2021.
  • Broomfield recorded four bankruptcy filings in February, compared to three in February 2021.
  • Larimer County filings totaled 19 in February, down from 20 a year ago.
  • Weld County bankruptcy filings totaled 17 in February, down from 31 recorded a year ago.

The regional bankruptcies included a Chapter 11 filing from Drala Mountain Center, formerly Shambhala Mountain Center, in Larimer County.

This article was first published by BizWest, an independent news agency, and is published under a license agreement. © 2022 BizWestMedia LLC.

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