Newport firm closes amid alleged embezzlement
Relax & Co., which provided an array of services to property owners in the Lake Sunapee area, had already been forced to lay off workers earlier this month.
New Hampshire bankruptcies remain in record-low territory
Only 42 filings recorded in February, only one more than record
February is the shortest month, and this February had the second shortest list of New Hampshire bankruptcy filings in a generation.
Only 42 individuals filed for protection filed in February, one shy of the modern record that was set in January.
The number of filings in February was 29 percent lower than February 2021 and a little more than a third of the number they were in February 2020, before the pandemic disrupted the economy. In February 2010, the midst of the Great Recession – there were 506 filings, 12 times as many.
February’s filings did include one business, compared to two in January:
- Complete Coverage Wood Priming LLC, Rochester, filed Feb. 1, Chapter 7. Assets: $34,400. Liabilities: $190,675.
