Charlotte area bankruptcy courts recorded one business filing - including zero with total debt above $1 million - during the week that ended November 15, 2019. Year to date through November 15, 2019, the court recorded 17 Chapter 7 or Chapter 11 business bankruptcy filings, a -32 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…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2019/11/22/the-week-in-bankruptcies-carolina-remodeling.html?ana=RSS&s=article_search
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