Business bankruptcies climb in N.H.



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While personal bankruptcies in New Hampshire fell in May, the number of business bankruptcies more than doubled to an even dozen.In total, May bankruptcy filings in New Hampshire fell by nearly 10 percent compared to the previous year, the previous month, and even two Mays ago.There were 426 filings in May, compared to 472 the previous May and 475 in April. This marks the sixth annual decline from a year earlier, a clear sign that fewer people have reached the brink of economic despair.However, businesses are still struggling, with 12 businesses filing for bankruptcy in May. In April, there were five.Here are the business filings: • PC Interiors Ltd., Manchester, filed May 2, Chapter 7. Assets: $0 to $50,000. Liabilities: $500,001 to $1 million • Corporate Traffic Solutions Inc., Nashua, filed May 8, Chapter 7. Assets: $0 to $50,000. Liabilities: : $100,001 to $500,000 • AGSS LLC, dba After Glow Tanning Spa, Nashua, filed May 8, Chapter 11. Assets: $0 to $50,000. Liabilities: $50,001 to $100,000 • Highland Group LLC, dba Nashua Car Wash, Nashua, filed May 8, Chapter 11, Assets: $795,000. Liabilities: $1,552,371. • Steel & Woodworks LLC, Hudson, filed May 11, Chapter 7. Assets: $14,105. Liabilities: $173,316.37. • Griffinbrook Ltd., (horse supply store), Candia, filed May 15, Chapter 11. Assets and Liabilities: $1 million to $10 million. • Amrat Hotels Inc., Lincoln, filed May 17, Chapter 11. Assets: $1,265,125. Liabilities: $2,446,073. • Baudelaire, Inc., Swanzey, filed May 19, Chapter 11. Assets: $100,001 to $500,000. Liabilities: $1 million to $10 million. • NWS Storage LLP, Weare, filed May 20, Chapter 7. Assets: $300,000. Liabilities: $1,007,079 • Oak Brook Golf Course LLP, Weare, filed May 20, Chapter 7. Assets: $11,545. Liabilities $617,765.17 • Arcsource Inc. and Katim Inc., Seabrook, filed May 23, Chapter 11. Assets: $0 to $50,000. Liabilities: $1 million to $10 million. • New England Tool and Equipment Inc. dba New Hampshire Tool Outlet, Salem, filed May 31, Chapter 7. Assets: $0 to $50,000. Liabilities: $100,001 to $500,000. -- BOB SANDERS/NEW HAMPSHIRE BUSINESS REVIEW

 

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