Albuquerque area bankruptcy courts recorded one business filing with total debt above $1 million during the week that ended Nov. 8. Year to date through Nov. 8, the court recorded 22 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 its creditor obligations…
Source: The Business Journal
Be First to Comment