San Antonio area bankruptcy courts recorded one business filing - including zero with total debt above $1 million - during the week that ended April 2, 2021. Year to date through April 2, 2021, the court recorded 7 Chapter 7 or Chapter 11 business bankruptcy filings, a -72 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 to restructure…Article by [author-name] (c) Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com - Read full story here.
