Derry firm files Chapter 7

Furniture, Fixtures and Equipment filed Chapter 7 bankruptcy last week, citing more than $880,000 in debts to companies all over the United States.

Some $669,000 of the debts are unsecured. The company also owes $213,000 on its mortgage.

The company had been located at 33 Londonderry Road in Derry since 2000, and apparently shut down in April of last year. It served as a dealer for a number of equipment suppliers across the states. Its largest creditor is Art Metal Products in Florida ($164,000) and Performance Sports Systems ($105,000), an Indiana firm that sells athletic equipment.

Clifford A. Sharpe, a Derry resident listed as the sole owner, could not be reached for comment at NHBR Daily’s deadline. — NHBR STAFF REPORT