24 June bankruptcies in N.H. due to business debt

Database change adds business-related personal bankruptcies to statistics


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About every business day in June, a New Hampshire business went under. That’s the grim story that NHBR discovered in the federal bankruptcy database last month.

While the 24 business-related bankruptcies listed below appears to be a huge jump compared to the single-digit totals given in previous months, it really is only an indication of the hidden havoc that small business failures wreaks on individual and families.  

Previously, the database only revealed the name of the filer, and not the reason the bankruptcy was filed. Thus, NHBR only reported business bankruptcies when a business itself was doing the filing.

But the database has been updated to show which personal filings were due to business-related debt, and the filings themselves reveal the business that caused the debt. The truckers, contractors, hairdressers, consultants are still listed as individuals, but the filings revealed they represent a business that couldn’t pay its bills. Without these personal filings, there would have been eight listings, just a tad higher than normal.

Generally, however, the number of total bankruptcy filings in New Hampshire continues to fall. There were 254 bankruptcies in June, down from 284 in May, and 23 percent less than the previous June. It was the lowest number of filings in that month since June 2007, when there were 253 filings.  

Businesses and business-related filings for June were:

 • Susie's Bittersweet Treasures, Rochester, filed June 4, Chapter 7. Assets: $174,816.  Liabilities: $284,150. (Individual filing, business-related debt)

 • Robert Day Freight Agency, Lancaster, filed June 5, Chapter 13. Assets: $22,406.  Liabilities: $44,783. (Individual filing, business-related debt)

 • Bruce NJ3 Merchandising, Nashua, filed June 10, Chapter 7. Assets: $2,981.  Liabilities: $24,816.  (Individual filing, business-related debt)

 • Hubbard's Pizzeria LLC, Epsom, filed June 11, Chapter 7. Assets: $30,613.  Liabilities: $ 75,825.

 • DBK Interior Services, Canaan, filed June 11, Chapter 7. Assets: $53,403.  Liabilities: $127,577.  (Individual filing, business-related debt)

 • JCP Trading Inc. (Sunglasses), Manchester, filed June 11, Chapter 7. Assets: $14,200. Liabilities: $97,300.  (Individual filing, business-related debt)

• Proficiency Home Improvements, Chocorua, filed June 12, Chapter 7. Assets: $154,000.  Liabilities: $191,593.  (Individual filing, business-related debt)

 • Jason Coffin Construction, Nottingham, filed June 14, Chapter 13. Assets and Liabilities: $100,000 to $500,000. (Individual filing, business-related debt)

 • Gale & Assoc. Real Estate Services, Sunapee, filed 14, Chapter 7. Assets: $315,667.  Liabilities: $515,547. (Individual filing, business-related debt)

 • Mesa International Corp. dba Mesa Home Products, Bedford, filed 17, Chapter 11. Assets and liabilities: $1 million to $10 million. 

 • Green Sky Multimedia, Deering, filed June 17, Chapter 7. Assets: $222,880. Liabilities: $312,267. (Individual filing, business-related debt)

 • K&D Foundation LLC, Hudson, filed June 18, Chapter 11. Assets: Less than $50,000.  Liabilities: $500,000 to $1 million.

 • Mesa Acquisition Corp., Bedford, filed June 19, Chapter 11. Assets: $3,998,263. Liabilities: $7,047,485.

 • Perdue Properties Inc., Manchester, filed June 19, Chapter 11. Assets and liabilities: $1 million to $10 million.

 • Tuttle Painting, Goffstown, filed June 20, Chapter 13. Assets: $257,700.  Liabilities: $376,497. (Individual filing, business-related debt)

 • Winterland Properties LLC, Berlin, filed June 20, Chapter 11. Assets and liabilities: $100,000 to $500,000.  

 • Tracy Builders and Secret’s Salon, Pelham, filed June 24, Chapter 13. Assets and liabilities: $100,000 to $500,000. (Individual filing, business-related debt)

 • Classic Sunrooms LLC, Goffstown, filed June 24, Chapter 7. Assets: $0.  Liabilities: $521,815.

 • Scott Alexander Enterprises, Sandown, filed June 25, Chapter 7. Assets: $288,566. Liabilities: $246,106.  (Individual filing, business-related debt)

 • Family Connections, Exeter, filed June 25, Chapter 7. Assets: $11,718. Liabilities: $47,311. (Individual filing, business-related debt)

 •    Cherb LLC, Milford, filed June 26, Chapter 11. Assets and Liabilities: $ 1 million to $10 million. LLC,

 • Commercial Tire American Corp., Dalton, filed June 28, Chapter 7. Assets: $177,665. Liabilities: $451,984. (Individual filing, business-related debt)

 • A&B Executive Sedan Service, Manchester, filed June 28, Chapter 7. Assets: $10,018. Liabilities: $114,358.  (Individual filing, business-related debt)

 • Rock to Educate, Franklin, filed June 30, Chapter 7. Assets: $16,099. Liabilities: $65,881.  (Individual filing, business-related debt).


 

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