Baltimore area bankruptcy courts recorded four business filings — none with total debt above $1 million — during the week that ended March 6. Year-to-date through March 6 the court recorded 15 Chapter 7 or Chapter 11 business bankruptcy filings, a 25% 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 obligations…
from https://www.bizjournals.com/baltimore/news/2020/03/12/the-week-in-bankruptcies-four-entities-in-greater.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/612389659337801729
No comments:
Post a Comment