DENVER

State bankruptcy filings surge 34% in March

Colorado bankruptcy filings surged 34% in March compared with the same period a year ago, with filings increasing in Boulder, Larimer and Weld counties.

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 596 bankruptcy filings in March, compared with 446 in March 2022.

Colorado recorded 383 bankruptcy filings in February.

Year-to-date filings increased 20.3% statewide, to 1,322 from 1,099 through March 2022.

Individual bankruptcies increased 21.4% year-to-date, while business filings decreased 28%.

Among counties in the Boulder Valley and Northern Colorado:

• Boulder County recorded 23 bankruptcy filings in March, up from 19 in March 2022, a 21% increase. The county has recorded 52 filings year-to-date, up from 43 a year ago, an increase of almost 21%. Boulder County recorded 15 filings in February.

• Broomfield recorded four bankruptcy filings in March, down from six in March 2022, a decrease of 33%. Year-to-date filings total eight, down from 15 in 2022, a 46.7% decrease. Broomfield recorded three filings in February.

• Larimer County filings totaled 41 in March, compared with 29 a year ago, an increase of 41%. Year-to-date filings total 89, up 41% from 63 a year ago. Larimer County recorded 32 bankruptcy filings in February.

• Weld County bankruptcy filings totaled 65 in March, up from 42 recorded a year ago, an increase of 55%. Year-to-date filings total 118, up 32.6% from 89 through March 2022. Weld County recorded 29 bankruptcy filings in February 2023.

March bankruptcy filings included Hallmark Mfg. Inc., based in Fort Lupton.

The company filed for Chapter 11 bankruptcy protection March 9, listing assets and liabilities of less than $50,000.

BOULDER

Zayo hires new CFO from Verizon

Zayo Group Holdings Inc., a global communications infrastructure platform, has hired Jeffrey Noto as its chief financial officer.

Noto was most recently a senior vice president at Verizon Communications Inc. (NYSE: VZ).

“We’re in the midst of a significant period of growth for Zayo that includes strategic investment in our assets and the capabilities that will best serve our customers,” Zayo CEO Steve Smith said in a prepared statement.

“As a proven leader with a track record of delivering results and creating value, Jeff brings a critical understanding of what it takes to drive growth and operational excellence. His tremendous experience in finance and strategy will be an asset for Zayo and help strengthen and position our organization for greater, long-term success.”

— BizWest Reports