Albuquerque area bankruptcy courts recorded one business filing during the week that ended July 10. Year to date through July 10, the court recorded 15 Chapter 7 or Chapter 11 business bankruptcy filings, a 6 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 with the goal to remain a going…
Source: The Business Journal
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