July sees huge drop in bankruptcies



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Bankruptcies dropped sharply last month, continuing and accelerating the trend away from the record number of filings during the past several years.Some 350 businesses and households filed in July, which was123 fewer and 26 percent less than were filed in July 2010. Every month this year has been an improvement over the last, but this was the sharpest decrease thus far, both in percentage and number of filings. It's also a substantial drop from the 405 filings in June. Indeed, filings have gone down from the 551 filed in March, a 26 percent decline in four months.Seven of those filings were businesses, one up from last month, but down from the dozen filed in May. Here they are: D.B. Williams Builders LLC, Wentworth, filed July 8, Chapter 7. Assets: $0. Liabilities: $60,077. Mile High Real Estate LLC, Nashua, filed July 13, Chapter 11. Assets: $0-$50,000. Liabilities: $1 million to $10 million. LJSQ LLC, Inc., dba Pattie Shack, Manchester, filed July 15, Chapter 7. Assets: $0. Liabilities: $226,821.50. Woodlins Renewables LLC, Salem, filed July 15, Chapter 7. Assets: $3,928.00. Liabilities: $2,104.00. Scotts of Keene Inc., dba Eddie's Vintage Motorcycles, Swanzey, filed July 19, Chapter 7. Assets: $440,507.56. Liabilities: $784,556.68. B&E Stoneworks LLC, Concord, filed July 20, Chapter 7. Assets: $140,132.42. Liabilities: $224,635.69 Peak Development Corporation, Hooksett, filed July 20, Chapter 7. Assets: $100,000. Liabilities: $1,658,350.46. --BOB SANDERS/NEW HAMPSHIRE BUSINESS REVIEW Edit ModuleShow Tags