2N+1 Files for Chapter 11 0
2N+1, a Somerville based data center files for bankruptcy protection through the Chapter 11 of the bankruptcy laws. 2N+1 have listed its property possessions value to be a little less than 1 million dollars and liabilities that range from 1 million to 10 million dollars.
A fresh news release on the company’s website mentioned that it has started running again with fresh clients. And under the chapter 11 the company can continue to go on with conducting its business as usual. The 2N+1 listed Virgil Electric Co of Hyde Park, mass as its biggest debtor and owed in excess of 3 hundred thousand dollars which is followed by Farina Corp of Charlestown, Level 3 Comm, and Henry Owens which owe between 200 thousand to 100 thousand dollars.
The company CEO of 2N+1, Vincent Bono has no comments about the chapter 11 filing but seems optimistic about the recovery of the company when money is obtained from its debtors.
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