Albuquerque area bankruptcy courts recorded one business filing – including zero with total debt above $1 million – during the week that ended July 24, 2020. Year to date through July 24, 2020, the court recorded 17 Chapter 7 or Chapter 11 business bankruptcy filings, a 6 percent increase 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…
