Baltimore-area bankruptcy courts recorded two business filings — including two with total debts above $1 million — during the week that ended May 29. Year-to-date through May 29, the court recorded 26 Chapter 7 or Chapter 11 business bankruptcy filings, an 8% 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/2020/06/04/bankruptcies-compass-beer-pump-maruti-realstate.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/619995459698720768
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