Baltimore-area bankruptcy courts recorded one business filing during the week that ended July 10. Year-to-date through July 10, the court recorded 29 Chapter 7 or Chapter 11 business bankruptcy filings, a 19% percent decrease 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…
from https://www.bizjournals.com/baltimore/news/2020/07/16/bankruptcies-maryland-farmers-market-association.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/623800542656970752
No comments:
Post a Comment