Baltimore-area bankruptcy courts recorded one business filing during the week that ended Aug. 7. Year-to-date through Aug. 7, the court recorded 35 Chapter 7 or Chapter 11 business bankruptcy filings, a -17% 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 concern. Creighton…
from https://www.bizjournals.com/baltimore/news/2020/08/13/the-week-in-bankruptcies-creighton-trailer-sales-inc.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/626337265178853376
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