NH bankruptcy filings dipped in October

Drop follows a slight increase in September

November 3, 2022

Bob Sanders,

After rising in September, the number of bankruptcy filings fell in October, albeit only slightly, indicating that the trend this year is a plateau rather than the steep declines seen in the first years of the pandemic.

Some 53 individuals filed for bankruptcy in October, 10 fewer than the previous month and one fewer than October 2021. It’s the lowest total for any October since 1986, when there were 51.

From another perspective, the 53 filings this October are over 400 fewer than the number in October 2009, when there were 466.

Average monthly filings is 54, 11.5 percent lower than last year, though the decline isn’t nearly as deep as in 2021, which saw a 31 percent decline, or 2020, when the decrease was 41 percent.

No businesses directly filed for bankruptcy in October, but two individuals filed with business debt.

Categories: Law, News

More news from NHBR:

Home rules

Landmark legislation that originated in New Hampshire 43 years ago is being put to the test today as for-profit investors snap up manufactured home communities here and across the country.

A Vibrant Individual Stands Out From The Crowd Representing Uniq

Nonprofit ‘members’ in NH: what statutory membership really means

When a public charity is formed, the focus is often on the organization’s purpose, the application for 501(c)(3) tax-exempt status and board structure.

Bill allowing employers to skirt 2-hour minimum pay law fails in NH Senate

A bill that would have allowed New Hampshire employers to set their own minimum pay policy for workers, skirting the state’s two-hour requirement, died in the state Senate after passage by the House two months ago.

Digital Identity Security And Protection Strategy Latch

The compliance trap in lead-generation services

This article outlines key considerations for U.S.-based companies that offer lead-generation services — i.e., selling lists of contact information for use in marketing or direct outreach.

NH WARN: what employers need to know about layoff notices

Workforce reductions are never easy. Whether driven by economic uncertainty, industry shifts or strategic restructuring, layoffs can be some of the most difficult decisions business leaders face. At the same time, workforce reductions carry legal obligations that are easy to overlook, particularly under state law. In New Hampshire, one of the most misunderstood of those obligations is the state’s WARN Act.

New administrator of YDC fund confirmed

Nearly nine months after a controversial change to the Youth Development Center abuse claims process pushed the administrator from his job and stalled the proceedings for survivors, the fund now has a new leader.

Wooden Judicial Hammer On Table Close Up. Law And Justice. The Courtroom

AG says federal judge exceeded her authority in inspection ruling

A federal judge exceeded her authority by ordering the state to continue its mandatory vehicle inspection program after it was repealed, NH Attorney General John Formella argued in a legal filing Thursday, March 19, with the 1st U.S. Circuit Court of Appeals.

Trial begins over NH proof-of-citizenship voter law

A federal judge heard opening arguments Monday, February 9, in a lawsuit challenging the constitutionality of a 2024 state law that requires first-time voters in New Hampshire to show proof of U.S. citizenship when they register.

Officials concerned about Medicaid law conflicts

Some state officials and lawmakers are concerned that New Hampshire’s incoming Medicaid premium system may conflict with provisions in Congress’ One Big Beautiful Bill Act.