2022 begins with a new record for NH bankruptcy filings
Posted: 02/05/2022 16:45:15
Modified: 02/05/2022 16:43:34
This year began where last year left off: a new modern record for the fewest bankruptcy filings in a month.
Just 41 New Hampshire people filed for protection in January, breaking the previous record of four, and that was set in December.
January deposits were 24% lower than January 2021, 33% lower than last year’s average monthly total and a third of what they were in January 2020, before the pandemic disrupted the economy.
Filings this January totaled just over a tenth of the 381 that were recorded in January 2010, during the Great Recession.
You would have to go back to 1987, before Congress made it harder to file for bankruptcy, to find a month with fewer filings. In January of that year, 39 bankruptcies were registered and in November, 37.
Unlike December, January’s filings included two companies. Both have filed for receivership. They were:
■ J. Hunter Properties LLC, Hampton, filed January 21, Chapter 11, Assets and Liabilities: $1-10 million.
■ DGS Realty LLC, Concord, filed on January 24, chapter 11. Assets and liabilities: 1 to 10 million dollars.
These articles are shared by partners of The Granite State News Collaborative. For more information, visit collaborativenh.org.