10 N.H. businesses file for bankruptcy in March
Downward trend continues year over year
The number of bankruptcies usually go up in March, and this year – especially after last month’s eight-year low – was no exception. But despite the disappointing bounce, far fewer bankruptcies were filed in New Hampshire in March 2013, and business-related bankruptcy filings dropped from 15 in February to 10.
All told, 265 New Hampshire households and businesses filed for bankruptcy protection in March, nearly a 35 percent increase from February, but 22 percent less than last March and the lowest number of filings in March since 2006.
Four businesses filed as a business, but there were six households that filed with recent business-related debt. As in past practice, NHBR will list the related businesses, not the individual:
• MC Isotti Enterprises (dba Zen Custom Motorcycles), Antrim, filed March 4, Chapter 7. Assets: $140,382. Liabilities: $245,773.
• Our Town Pizza LLC, dba Our Town Pizzeria & Family Restaurant, Peterborough, filed March 4, Chapter 11. Assets: $11,200. Liabilities: $117,130. (Business filing)
• TRF Farm LLC, Farmington, filed March 7, Chapter 7. Assets: $205,100. Liabilities: $89,700. (Business filing)
• Plaisted Cleaning, Campton, filed March 10, Chapter 7. Assets: $25,675. Liabilities: $57,076.
• R. Downing Quality Homes LLC, Center Barnstead, filed March 10, Chapter 7. Assets: $244,901. Liabilities: $599,971. (Business filing)
• Sparklynn Pools Inc., Hooksett, filed March 14, Chapter 7. Assets: Less than $5,000. Liabilities: $100,000 to $500,000.
• Candlelite Inn, Bradford, filed March 17, Chapter 7. Assets: $376,450. Liabilities: $387,053.
• Bradford Autocraft, dba Hemlock Hill Excavation, Bradford, filed March 21, Chapter 13. Assets: $571,099. Liabilities: $975,146.
• Traumhof Kennels, Gilmanton, filed March 24, Chapter 7. Assets: $7,225. Liabilities: $45,055.
• Aable Telecom A/K/A Aable Communications, Manchester, March 31, Chapter 13. Assets and liabilities: $100,000 to $500,000.
