Baltimore area bankruptcy courts recorded two business filings — including one with total debt above $1 million — during the week that ended Nov. 15. Year to date through Nov. 15, the court recorded 59 Chapter 7 or Chapter 11 business bankruptcy filings, a 20% increase from the same span the prior year. Chapter 7 bankruptcy protection typically provides for the liquidation of a business’ assets to satisfy creditor claims, while Chapter 11 protection enables a business to restructure its creditor…
from https://www.bizjournals.com/baltimore/news/2019/11/21/the-week-in-bankruptcies-delmar-subs-inc-and-hny.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/189208770987
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