NH AG seeks involuntary bankruptcy for mortgage company that closed suddenly this month

New Hampshire AG seeks bankruptcy for mortgage co.

CONCORD, N.H. — 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.