Five N.H. businesses file for bankruptcy

When it comes to bankruptcy filings, 2013 opened as 2012 closed – they continued to fall, at least when compared to a year ago.

January bankruptcy filings (according to preliminary numbers derived from the court's electronic filing system) fell to 271 households and business. Though that's 25 more than last month, it's 45 fewer than the 316 filed the previous January. It is the lowest number of January filings since 2007.This continues the trend from last year, when the total number of filings – 3,902 – was 17.8 percent lower than 2012, when nearly 4,750 were filed. The 2012 total was 14 percent lower than the record set in 2010, when some 5,500 filed for bankruptcy.

Last year, some 334 of the total were filed by businesses, according to official statistics on the bankruptcy court website.

In January, five businesses filed for bankruptcy protection: • Sandy Seas Properties LLC, Seabrook, filed Jan. 8, Chapter 7. Assets: $502,000. Liabilities: $323,010. • ACS Logistics Inc., Sarasota, Fla., filed Jan. 17, Chapter 7. Assets: $0. Liabilities: $797,988. • 2160 Candia Road LLC, Pembroke, filed Jan. 29, Chapter 11. Assets: $340,010. Liabilities: $347,350. • Bear Brewing Corp., Ossipee, filed Jan. 31, Chapter 11. Assets: Less than $50,000. Liabilities: $500,000 to $1 million. • EdjCom Inc., Epping, Jan. 31, Chapter 7. Less than $50,000. Liabilities: $100,000 to $500,000.

Categories: News