A glass recycling company that collected from numerous businesses around Denver and in mountain towns has filed for Chapter 7 bankruptcy.
Denver-based Clear Intentions said in a Dec. 21 filing that it owes $3.5 million to between 200 and 999 creditors. The company said it has $762,000 in assets.
Chapter 7 bankruptcies are typically a liquidation process, and a trustee is appointed to oversee a selloff of the debtor’s assets.
Brittany Evans signed the filing, listing herself as Clear Intention’s owner. The company did not respond to a request for comment.
Clear Inventions claimed $231,689 in revenue in 2018, and $372,400 in 2019, according to the filing. At the time of the filing, revenue was $170,931 in 2020.
The company listed numerous clients among its creditors. They include restaurants, breweries, ski resorts and condominium complexes, from Vail Resorts to individual Whole Foods locations.
The largest creditor is a woman in Connecticut owed more than $2.4 million in connection with multiple loans, according to the filing.
In 2015, CBS4 reported that Clear Intentions was working to hand-sort glass in the Denver area in the hopes of reducing the amount of glass that ends up in landfills even after being placed in recycling bins. The station reported the company picked up glass from customers such as bars and restaurants, sorted items into multiple categories and sold the materials to manufacturers who wanted to crush them and create something new.
Attorney Michael Suchoparek of Weselis & Suchoparek, which has offices in Wheat Ridge and Grand Junction, is representing the company in bankruptcy proceedings.