NH House Leaders Respond to Bankruptcy Filings Hitting a Three Year Low

CONCORD – The number of New Hampshire bankruptcies was down to 338 in November, 31 fewer than October and 90 fewer than November of 2010.  The November decline brings the total year to date filings to nearly 17 percent fewer than this time last year and about even with numbers at this time in 2008.  Furthermore, there were only three business bankruptcies in November, down five from October.  In response to the positive news, House Speaker William O’Brien and House Ways and Means Chairman Stephen Stepanek today released the following statement.

House Speaker William O’Brien

“Job growth and improving our economy are our top concerns this legislative session, so it is a great sign that fewer individuals and employers need to file for bankruptcy. We will continue to work vigorously in the 2012 session to ensure that we are doing all we can in the legislature to help to develop and environment to grow and create good, new, sustainable, private-sector jobs.   This session alone the House cut 12 taxes and fees and passed 43 bills to lessen the regulatory burden on New Hampshire employers and the House will maintain our focus to do the same next year.  While the smaller number of bankruptcies is a great sign for our economy, there is still a tremendous amount of work to do to make New Hampshire the magnet for job growth it deserves to be.”

House Ways and Means Chairman Stephen Stepanek

“Because of the continued effort by the legislature to reduce taxes and fees and, most importantly, reduce regulations on our business community, we are already seeing the fruits of our labor. As we continue along this path of economic vitality we should see not only a reduction in bankruptcy filings but also an increase in private sector jobs and new businesses forming or migrating to New Hampshire.”