5 N.H. firms file for bankruptcy in May



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The number of jobs in New Hampshire may be growing in fits and starts, but there is no doubt that the number of bankruptcy filings continues to shrink steadily.Some 343 households and business filed for bankruptcy in May, 19.5 percent fewer than the 426 that filed in May 2011. It was the 17th straight year-over-year monthly decrease in the state and the fewest number of bankruptcies filed May since 2007.It is also 40 fewer than the number of bankruptcies filed in April and the lowest number filed in 2012 aside from the 316 that were filed in January.Five businesses filed for bankruptcy in May, compared to six in April and five in March. They were: • North American Plumbing and Heating LLC, Salem, filed May 8, Chapter 11. Assets: $45,665. Liabilities: $303,373. • BRI-LIN Inc., New Durham, filed May 16, Chapter 7. Assets: 0-$50,000. Liabilities: $100,000 to $500,000. • Athena 22 LLC, Hollis, filed May 22, Chapter 7. Assets: $300,000. Liabilities: $496,667. • Mile High Real Estate LLC, (managed by Vatche Manoukian, a Nashua developer), Nashua, filed May 11, Chapter 11. Assets: $500,000-$1 million. Liabilities: $1 million to $10 million. • Riley, More & More Enterprises LLC, DBA Riley More & More LLC, (managed by Vatche Manoukian, a Nashua developer), Nashua, filed May 29, Chapter 11. Assets and liabilities: $100,000-$500,000. - BOB SANDERS/NEW HAMPSHIRE BUSINESS REVIEW

 

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