Albuquerque area bankruptcy courts recorded two business filings – including one with total debt above $1 million – during the week that ended December 3, 2021. Year to date through December 3, 2021, the court recorded 13 Chapter 7 or Chapter 11 business bankruptcy filings, a -43 percent 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…
Source: The Business Journal
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