Sherwood baked goods maker files for Chapter 11

//Sherwood baked goods maker files for Chapter 11

Sherwood baked goods maker files for Chapter 11

Portland area bankruptcy courts recorded one business filing — including one with total debt above $1 million — during the week that ended Oct. 15. Year to date, the court recorded 9 Chapter 7 or Chapter 11 business bankruptcy filings, a 69% 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…

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By | 2021-10-21T22:23:04+00:00 October 21st, 2021|Budget and Tax|

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