Bankruptcy courts in the Boston area recorded four business filings — including one with total debt above $1 million — during the week that ended July 31, 2020. Year to date through July 31, 2020, the court recorded 67 Chapter 7 or Chapter 11 business bankruptcy filings, a 24 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

Boston Biz Journal