N.H. bankruptcy filings fall in April
This may not seem like good news, but there were 475 filings for bankruptcy in New Hampshire last month.
That’s an improvement, not only compared to the 551 filings in March, but the 511 that filed the previous April. The April results mean that bankruptcies have gone down every month this year. Through April, there have been 1,680 bankruptcy filings, a 15.3 percent decline.Among the five business filings in April — down from seven in March — the first three were related: Granite Fields Property Management (related to Granite Fields Golf Club), the Diamond Oaks Golf Club and Zadeda Farms. The three were all run by James T Dufresne, and his spouse, of Plaistow. James T. Dufresne filed for Chapter 7 liquidation himself almost two weeks later, claiming assets of $12,500 and debts of $6.75 million.Here are the business bankruptcy filings for April: • Granite Fields Property Management LLC, Kingston, filed April 6, Chapter 11. Assets: $32,431. Liabilities: $164,877. • Diamond Oaks Golf Club, Kingston, filed April 6. Chapter 11. Assets: $2,525,051. Liabilities: $4,406,988. • Zadeda Farms Inc., Plaistow, filed April 6. Chapter 11. Assets: $410,000. Liabilities: $2,041,014. • Tony Morgado Construction LLC, Hampton Falls, filed April 13. Chapter 11. Assets and Liabilities: $500,001 to $1 million. • TMI Global Inc. aka Technology Marketplace Inc., Portsmouth, filed April 29. Chapter 7. Assets: $291,584. Liabilities: $2,804,023. — BOB SANDERS/NEW HAMPSHIRE BUSINESS REVIEW