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Columbus-area bankruptcy courts recorded two business filings during the week that ended March 20. Year to date through March 20, 2020, the court recorded 5 Chapter 7 or Chapter 11 business bankruptcy filings, a 44% 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 its creditor obligations with the goal to remain a going…
Columbus Business News - Local Columbus News | Business First of Columbus
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The week in bankruptcies: Moxie Day Spa and Meyer Machine Tool Co.