Albuquerque area bankruptcy courts recorded one business filing with total debt above $1 million during the week that ended Feb. 14. Year to date through Feb. 14, the court recorded three 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 creditor obligations with…
Source: The Business Journal
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