May bankruptcy filings remain steady in New Hampshire

Total of 170 is the same as last year


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Some 170 New Hampshire households and businesses filed for bankruptcy in May, the same number as a year ago, and only four fewer than May 2016 – further evidence that filings have settled into a two-year plateau.

The number of bankruptcies skyrocketed during the recession, peaking in 2010 at nearly 460 a month. But that number fell into double-digit declines for the next five years, slowing a bit to a 9 percent decrease in 2016. In 2017, bankruptcy filings actually rose 1 a percent, and so far this year, they are is down 1 percent, averaging 150 a month.

But there is still some volatility from month to month. There were 27 more filings this year in May than April, an 18 percent jump.

There were seven business-related filings in May compared to two in April and 11 in March. Six of the seven May filings were household filings with business-related debt. Only one filing was by a business itself, and that is a filing to reorganize debt, meaning the business might continue as a going concern.

That business was Sanfred Realty LLC, Milford, which filed May 19 for Chapter 11 protection. Its assets totaled $382,000, and liabilities $427,000.

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