Weekly Bankruptcy Alert: Businesses File for Chapter 11 and Chapter 7 in Northeast

Bankruptcies reported in Massachusetts, Maine, New Hampshire, Rhode Island, New York, and Delaware

Published on Mar. 2, 2026

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A weekly roundup of business bankruptcy filings in the Northeast region, including Chapter 11 cases in Maine, New York, and Delaware, as well as Chapter 7 cases in New York and Massachusetts. The filings cover a range of industries, from RV parks to healthcare providers and financial firms, with assets and liabilities ranging from under $50,000 to over $50 million.

Why it matters

Bankruptcy filings provide insight into the economic health of a region, highlighting industries and businesses that are struggling. This data can help identify trends, inform policy decisions, and give context to the broader economic climate.

The details

The weekly bankruptcy report covers filings in several Northeastern states, including Maine, New York, Massachusetts, and Delaware. The Chapter 11 cases involve businesses in the RV park, real estate, and hospitality sectors, with assets and liabilities ranging from $1 million to $50 million. The Chapter 7 liquidations include financial firms, a chiropractic office, and a cannabis business, with assets and liabilities generally under $10 million.

  • The bankruptcy filings occurred between February 23 and February 27, 2026.

The players

Sandy Pines, LLC

An RV (Recreational Vehicle) Parks and Recreational Camps business based in Kennebunkport, Maine that filed for Chapter 11 bankruptcy.

Galway Enterprises LLC

A business based in Scarborough, Maine that filed for Chapter 11 bankruptcy.

Shannon, LLC

A business based in Scarborough, Maine that filed for Chapter 11 bankruptcy.

Chelsea Business Properties, LLC

A Lessors of Real Estate business based in New York, New York that filed for Chapter 11 bankruptcy.

WABNO Hospitalities, Inc.

A business based in Poughkeepsie, New York that filed for Chapter 11 bankruptcy.

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The takeaway

This bankruptcy report highlights the ongoing economic challenges facing businesses in the Northeast, with a range of industries and company sizes seeking bankruptcy protection. The data provides a snapshot of the regional economy and can inform discussions around economic policy, industry trends, and the broader financial climate.