The week in bankruptcies: Quality Screen Print Corp.
The Citizen
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…
