N.H. bankruptcies fall in March

The number of bankruptcies in New Hampshire is still dropping compared to the previous year, but there were still some 551 filings, only 35 fewer bankruptcies then in March 2010, and a 36 percent increase in filings compared to February 2011. However, filings usually jump up in spring, as businesses and residents recover from the high cost of oil.Indeed, among the seven businesses filing for bankruptcy, three involved oil and trucking companies. In February, only one business declared bankruptcy. There were four business filings in January, the same as December, and nine in November.Here are the businesses that filed for bankruptcy: • American Truck LLC, (dba R.L.P. Leasing Inc.), Barrington, Filed Marc 14, Chapter 11. Assets: $136,686. Liabilities: $2.42 million. • Munce’s Superior Petroleum Products Inc., Gorham Oil Inc., Superior Trucking Inc., Munce’s RealEstate Ventures LLC, BMRA Real Estate Ventures LLC, Gorham, filed March 16, Chapter 11. Assets: $100,000-$500,000. Liabilities: $1 million to $10 million • Smithfield Realty LLC, a firm owned by developer Vatche Manoukian, Nashua, filed March 18, Chapter 11. Assets and Liabilities: $100,000-$500,000. • PCL Group LLC, dba M.S. Ross, Raingear Depot, Firehouse Treasures, Jaffrey, filed March 18, Chapter 7. Assets: $500,000-$1 million. Liabilities: $100,000 to $500,000. • 35 Orange Street LLC , another firm owned by developer Vatche Manoukian, Nashua, filed March 21. Assets: $0-$50,000. Liabilities: $100,000 to $500,000. • Worth’s Seamless Rain Gutters of Southern NH, akaDalyn Solutions LLC, Concord, filed March 21, Chapter 7. Assets: $0-$50,000. Liabilities: $500,000 to $1 million. • Kremco Inc., Lochmere, filed March 25, Chapter 7. Assets: $0-$50,000. Liabilities: $50,000 to $100,000. — BOB SANDERS/NEW HAMPSHIRE BUSINESS REVIEW