About two months after the launch of its five-story data center in the Boston, Mass., area, provider 2N+1 filed for bankruptcy protection Friday, Boston Business Journal reported. In its filing for Chapter 11 bankruptcy, the company said its assets were less than $1m and its liabilities were somewhere between $1m and $10m.

The company's largest creditors are Virgil Electric, to whom 2N+1 owes $310,000, Paul Lohnes ($173,000), Farina Corp. ($134,000), Henry F. Owens ($115,000), Richard Jannigan ($100,000) and the network connectivity provider Level 3 ($105,000).

2N+1 spokesperson could not immediately be reached for comment.

2N+1 Co-founder and CEO Vincent Bono signed the lease on the five-story concrete bunker in Somerville, Mass., in late 2007, according to a company news release. After being retrofitted, the data center was launched in early April of this year, offering 45,000 sq ft of data center floor and up to 400 watts per square foot.

Chapter 11 of the US Bankruptcy Court is also referred to as "reorganization" bankruptcy. A company granted protection under the chapter is allowed to continue to operate on the condition that it provides a plan to reorganize the company and to pay its debt over time.