The week in bankruptcies: Local radiology business files for Chapter 11

//The week in bankruptcies: Local radiology business files for Chapter 11

The week in bankruptcies: Local radiology business files for Chapter 11

San Antonio area bankruptcy courts recorded three business filings - including one with total debt above $1 million - during the week that ended March 20, 2020. Year to date through March 20, 2020, the court recorded 18 Chapter 7 or Chapter 11 business bankruptcy filings, a 20 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…

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By | 2020-03-26T15:03:26+00:00 March 26th, 2020|Economics|

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