On February 20, 2026, it was reported that New Hampshire has seen a significant increase in bankruptcies in recent months. According to data from the U.S. Bankruptcy Court for the District of New Hampshire, the number of bankruptcy filings in the state has risen by 15% compared to the same period last year.Experts are attributing this surge in bankruptcies to a variety of factors, including the ongoing economic challenges stemming from the COVID-19 pandemic. Many businesses and individuals have been struggling to recover from the financial setbacks caused by the pandemic, leading to a higher number of bankruptcy filings.Additionally, rising inflation and interest rates have put further strain on households and businesses, making it difficult for many to keep up with their financial obligations. As a result, more and more individuals and companies are turning to bankruptcy as a last resort to address their mounting debts.The types of bankruptcies being filed in New Hampshire vary, with both individuals and businesses seeking relief through Chapter 7, Chapter 11, and Chapter 13 bankruptcies. Chapter 7 bankruptcies involve the liquidation of assets to pay off debts, while Chapter 11 bankruptcies allow businesses to reorganize and continue operating. Chapter 13 bankruptcies, on the other hand, involve the creation of a repayment plan to gradually pay off debts over time.Bankruptcy experts in the state are urging individuals and businesses facing financial difficulties to seek professional guidance before filing for bankruptcy. They emphasize the importance of exploring all available options and understanding the potential consequences of bankruptcy before making a decision.Overall, the increase in bankruptcies in New Hampshire serves as a stark reminder of the ongoing economic challenges facing many residents and businesses in the state. As the situation continues to evolve, it remains crucial for individuals and companies to seek help and take proactive steps to address their financial struggles.