With another record-low number of monthly bankruptcies, New Hampshire on track for a milestone year

Only 52 filings recorded in June, none by businesses

Bankruptcy filings in New Hampshire appeared to have plateaued, and if they have, they remain at historically low numbers.

Some 52 individuals filed for protection in June, one fewer than in May and one more than filed in June 2021 – and that June’s filings was the lowest point they’ve been since the court started tracking monthly filings in 1986.

In addition, for the first time since NH Business Review began tracking bankruptcy filings no Granite State businesses filed for protection in June and no individual filed with business-related debt.

That said, the state is on track for a record-low year for bankruptcies.

Year to date, the state is averaging 52 filings a month. Last year, the average was 61.

To put it in perspective, there were some 443 filings in June 2010, in the midst of the last recession.  The average monthly number of filings that year was 459.

Filings have now remained in the double digits for 27 straight months.

Bankruptcy attorneys attribute the lack of filings to the lingering effects of massive government aid during the pandemic as well as court backlogs that have brought foreclosures and evictions to a near standstill, though the number of those cases being heard is starting to creep up a bit.

Categories: Law, News