Four N.H. businesses fail in July

Some 335 households and businesses filed in July


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Is the drop in bankruptcy filings over, or has it just stalled?

In July, some 335 households and businesses filed. That's actually five more than there were in June, when there were 14 less than May. But it is 15 less than last July.

This is a much better pace than the record year in 2010, when some 5,500 filed.Still, bankruptcies dropped nearly 14 percent in 2011, but so far this year, the decline has been slower, at just under 10 percent.Four businesses filed in July, compared to six in June and five in May. They are: • KM Entertainment LLC, dba L&M Grand, L&M Rack it, Londonderry, filed July 20, Chapter 7. Assets: $56,629. Liabilities: $273,096. • April Industries Inc., Hudson, filed July 26, Chapter 7. Assets: $0. Liabilities: $1,858,316. • Ozzir Properties LLC, Plaistow, filed July 30, Chapter 11. Assets: $217,647. Liabilities: $1,725,578. • 35 Orange Street LLC, (managed by Vatche Manoukian, a Nashua developer), Nashua, filed July 30, Chapter 11. Assets and liabilities: $100,000-$500,000.


 

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