The latest data released by the Colorado Bankruptcy Court on February 21, 2026, reveals a concerning trend of increased bankruptcy filings throughout the state. As economic uncertainty continues to loom over the region, more and more individuals and businesses are seeking relief from their financial burdens through the bankruptcy process.According to the court's report, there were a total of 846 bankruptcy filings in Colorado in the past month, marking a 25% increase compared to the same period last year. Of these filings, the majority were Chapter 7 bankruptcies, which involve the liquidation of assets to repay debts. Chapter 13 bankruptcies, which involve reorganizing debt and creating a repayment plan, made up a smaller but still significant portion of the filings.Experts attribute the surge in bankruptcy filings to a variety of factors, including rising inflation, stagnating wages, and the lingering effects of the global pandemic. Many individuals and businesses have struggled to keep up with their financial obligations as prices continue to rise and job opportunities remain scarce. Additionally, recent fluctuations in the stock market and uncertainty surrounding future economic conditions have further contributed to the spike in bankruptcy filings.One of the individuals who recently filed for bankruptcy, Sarah Thompson, shared her experience with the process. "I never thought I would find myself in this situation, but the mounting debt and constant financial stress became too much to bear," she said. "Filing for bankruptcy was a difficult decision, but ultimately, it was the best option for me to get a fresh start and move forward."In response to the growing number of bankruptcy filings, the Colorado Bankruptcy Court has increased its resources to handle the influx of cases. Court officials are working diligently to ensure that individuals and businesses seeking bankruptcy protection receive the support and guidance they need throughout the process.As the economic landscape continues to evolve, it remains crucial for individuals and businesses facing financial challenges to explore all available options, including bankruptcy, to find relief and regain financial stability. With the support of the Colorado Bankruptcy Court and other resources, those struggling with debt can take steps towards a brighter financial future.