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Organ Mountain Cooperative files for bankruptcy in New Mexico

Albuquerque area bankruptcy courts recorded one business filing – including zero with total debt above $1 million – during the week that ended November 5, 2021. Year to date through November 5, 2021, the court recorded 11 Chapter 7 or Chapter 11 business bankruptcy filings, a -50 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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