Microbial Energy Enterprises Inc. files for bankruptcy in New Mexico
The Citizen
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…
