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Colorado taking early lead for commercial bankruptcy filings in the region

“Bankruptcies among medium-sized companies are ramping up much faster in Colorado than in other states in the Mountain West, with the real estate and rental sector taking the hardest hit so far, according to a report from Resolute Commercial Services.

The pandemic has pushed several large firms in retail, hospitality and oil and gas over the edge and into bankruptcy protection, including household names like The Hertz Corp., J.C. Penney, and Neiman Marcus Group. Closer to home, Denver’s own Whiting Petroleum and Extraction Oil and Gas have sought to restructure billions of dollars in debt, ranking them among the largest filers this year…”