State revenue got a helpful one-time shot in the arm. Now what?
Analysts fear that once it’s gone for the remainder of the fiscal year, overall revenue will lag unless other accounts, which have been underperforming to date, pick up the pace
New Hampshire bankruptcies rise in April
94 filings recorded as number starts to tick up
When the pandemic hit and unemployment was at modern-day record highs, the number of bankruptcies in New Hampshire fell to record lows. Now, when unemployment is down and the economy seems to be getting back to normal, so are bankruptcy filings.
There were 94 bankruptcies filings in April, two more than March – the highest number filed since April 2020, when there were 99.
After last April, bankruptcies fell steadily, reaching the low point of 54 un January. Since then, the number has started to climb. But it is still at historic lows.
Year-to-date, the monthly average is 75. In 2020, it was 88. In 2010, in the midst of the Great Recession, bankruptcies averaged 459 a month.
There were four filings with business-related debt In April, compared to eight in March, but only one business filed directly, as opposed to four in March. It was:
- Joseph Rogers Builders LLC, Rochester, filed April 16, Chapter 7. Assets: Under $50,000. Liabilities: $100,000 to 500,000.
