Colorado bankruptcies decline 31% in May

DENVER — Colorado chapter filings dropped 30.9% in Might in contrast with the identical interval a 12 months in the past, persevering with a sample of declines seen all through 2021 and so far in 2022.

Filings additionally dropped in Boulder, Larimer and Weld counties in contrast with the year-ago interval, with solely Broomfield County recording a slight uptick.

That’s based on a BizWest evaluation of U.S. Chapter Court docket information. Numbers cited embody all new filings, together with open, closed and dismissed instances. Colorado recorded 446 chapter filings in Might, in contrast with 646 in Might 2021.

Yr so far, the state has recorded 1,960 chapter filings, in contrast with 2,971 within the first 5 months of 2021, down 34%.

Amongst counties within the Boulder Valley and Northern Colorado:

• Weld County chapter filings totaled 32 chapter filings in Might, down from 45 recorded a 12 months in the past. Yr-to-date filings totaled 148, in contrast with 219 a 12 months in the past, down 32.4%. Weld County recorded 27 chapter filings in April 2022.
• Larimer County filings totaled 27 in Might, in contrast with 36 a 12 months in the past. Filings within the first 5 months of the 12 months totaled 118, in contrast with 142 within the first 5 months of 2021, a drop of 16.9%. Larimer County recorded 28 chapter filings in April 2022.
• Boulder County recorded 13 chapter filings in Might, in contrast with 14 in Might 2021. The county recorded 68 filings 12 months so far, down from 108 within the first 5 months of 2021, down 37%. Boulder County recorded 12 chapter filings in April 2022.
• Broomfield recorded 9 chapter filings in Might, up from seven in Might 2021. Yr-to-date filings totaled 26, in contrast with 30 a 12 months in the past, down 13%. Broomfield recorded two chapter filings in April 2022.

This text was first revealed by BizWest, an impartial information group, and is revealed below a license settlement. © 2022 BizWest Media LLC.