Baltimore-area bankruptcy courts recorded two business filings during the week that ended March 20. Year-to-date through March 20, the court recorded 19 Chapter 7 or Chapter 11 business bankruptcy filings, a 36% 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 with the goal to remain a going concern. Baltimore…
from https://www.bizjournals.com/baltimore/news/2020/03/26/the-week-in-bankruptcies-tw.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/613653495291265024
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