The week in NM bankruptcies: Whirlwind Community LLC
The Citizen
Albuquerque area bankruptcy courts recorded one business filing — including zero with total debt above $1 million — during the week that ended July 17, 2020. Year to date through July 17, 2020, the court recorded 16 Chapter 7 or Chapter 11 business bankruptcy filings, no change 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…
