This week in bankruptcies: 1014 Diamond St. LLC, Nisha Homes IRA LLC and 2 more

//This week in bankruptcies: 1014 Diamond St. LLC, Nisha Homes IRA LLC and 2 more

This week in bankruptcies: 1014 Diamond St. LLC, Nisha Homes IRA LLC and 2 more

San Francisco area bankruptcy courts recorded four business filings - including one with total debt above $1 million - during the week that ended November 22, 2019. Year to date through November 22, 2019, the court recorded 89 Chapter 7 or Chapter 11 business bankruptcy filings, a -3 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…

Article by [author-name] (c) Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com - Read full story here.

By | 2019-11-28T17:33:13+00:00 November 28th, 2019|Economics|

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