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Microbial Energy Enterprises Inc. files for bankruptcy in New Mexico

Albuquerque area bankruptcy courts recorded one business filing – including one with total debt above $1 million – during the week that ended April 23, 2021. Year to date through April 23, 2021, the court recorded 5 Chapter 7 or Chapter 11 business bankruptcy filings, no change 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…

Source: The Business Journal

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