Baltimore-area bankruptcy courts recorded one business filing with total debt above $1 million during the week that ended April 17. Year-to-date through April 17, the court recorded 21 Chapter 7 or Chapter 11 business bankruptcy filings, a 5% 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…
from https://www.bizjournals.com/baltimore/news/2020/04/23/the-week-in-bankruptcies-one-law-firm-in-greater.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/616191840486621184
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