Albuquerque area bankruptcy courts recorded one business filing – including zero with total debt above $1 million – during the week that ended December 10, 2021. Year to date through December 10, 2021, the court recorded 14 Chapter 7 or Chapter 11 business bankruptcy filings, a 39 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…
Source: The Business Journal
Be First to Comment