The week in NM bankruptcies: LM2 LLC

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Albuquerque area bankruptcy courts recorded one business filing - including zero with total debt above $1 million - during the week that ended July 24, 2020. Year to date through July 24, 2020, the court recorded 17 Chapter 7 or Chapter 11 business bankruptcy filings, a 6 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 to restructure…
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The week in NM bankruptcies: LM2 LLC

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