Albuquerque area bankruptcy courts recorded three business filings — including two with total debts above $1 million — during the week that ended Nov. 29. Year to date through Nov. 29, the court recorded 25 Chapter 7 or Chapter 11 business bankruptcy filings, a 4 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 to restructure…
Source: The Business Journal
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