Baltimore-area bankruptcy courts recorded four business filings — including one with total debt above $1 million — during the week that ended July 24. Year-to-date through July 24, the court recorded 34 Chapter 7 or Chapter 11 business bankruptcy filings, a — 15% 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…
from https://www.bizjournals.com/baltimore/news/2020/07/30/this-week-in-bankruptcies-baltimore-july-24.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/625068895969132544
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