Baltimore-area bankruptcy courts recorded two business filings during the week that ended August 14. Year-to-date through August 14, the court recorded 37 Chapter 7 or Chapter 11 business bankruptcy filings, a 16% 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. Pro…
from https://www.bizjournals.com/baltimore/news/2020/08/20/week-in-bankruptcies-truck-repair-discount-store.html?ana=RSS&s=article_search
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