Baltimore area bankruptcy courts recorded two business filings during the week that ended Dec. 27. Year-to-date through Dec. 27, the court recorded 63 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. Cannon's…
from https://www.bizjournals.com/baltimore/news/2020/01/02/the-week-in-bankruptcies-cannons-air-duct-cleaning-llc-and-riverside-terrace-tag.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/190015517767
No comments:
Post a Comment