Albuquerque area bankruptcy courts recorded one business filing – including zero with total debt above $1 million – during the week that ended June 5, 2020. Through June 5, 2020, the court recorded 11 Chapter 7 or Chapter 11 business bankruptcy filings, an 8% 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…
Source: The Business Journal
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