Baltimore-area bankruptcy courts recorded two business filings, including one with total debt above $1 million, during the week that ended Jan. 24. Year-to-date through Jan. 24 the court recorded seven Chapter 7 or Chapter 11 business bankruptcy filings, a 133% 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…
from https://www.bizjournals.com/baltimore/news/2020/01/30/the-week-in-bankruptcies-two-entities-in-greater.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/190551321142
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