New Hampshire AG Seeks Bankruptcy For Mortgage Co.
CONCORD, N.H. (AP) — The New Hampshire attorney general's office wants to force a mortgage company that closed suddenly into bankruptcy.
Financial Resources Management of Meredith closed abruptly Nov. 9 as did two other businesses sharing its address. Since then, the attorney general's office has heard from people claiming to have lost $23 million owed to them, and the FBI is investigating. Attorney General Michael Delaney said Friday that he has filed involuntary bankruptcy petitions against Financial Resources Management and C L and M Inc. He said investors who backed the companies' construction projects have been demanding payment from homeowners and threatening to take their property. The state asked a bankruptcy court to appoint a trustee to oversee the companies' assets.- Loading Comments...
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