Baltimore area bankruptcy courts recorded one business filing during the week that ended Dec. 13. Year-to-date through Dec. 13, the court recorded 62 Chapter 7 or Chapter 11 business bankruptcy filings, an 11% 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 the goal to remain a going concern. Indigenous…
from https://www.bizjournals.com/baltimore/news/2019/12/19/the-week-in-bankruptcies-indigenous-intelligence.html?ana=RSS&s=article_search
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