Denver-based glass recycler files for Chapter 7 bankruptcy

12.28D Glass Recycler

The inside of a recycling bin. (Thomas Gounley photo)

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.

12.28D Glass Recycler

The inside of a recycling bin. (Thomas Gounley photo)

Clear Intentions said it owes $3.5 million to hundreds of creditors, many of them clients including breweries, ski resorts and grocers.

You must be a member to access BusinessDen's exclusive reporting.

Your subscription has expired. Renew now by choosing a subscription below!

For more informaiton, head over to your profile.

Profile


SUBSCRIBE NOW

TERMS OF SERVICE:

ALL MEMBERSHIPS RENEW AUTOMATICALLY. YOU WILL BE CHARGED FOR A 1 YEAR MEMBERSHIP RENEWAL AT THE RATE IN EFFECT AT THAT TIME UNLESS YOU CANCEL YOUR MEMBERSHIP BY LOGGING IN OR BY CONTACTING AARON@BUSINESSDEN.COM.

ALL CHARGES FOR MONTHLY OR ANNUAL MEMBERSHIPS ARE NONREFUNDABLE.




Return to Homepage

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments