The week in bankruptcies: The Academy of Integrative Pain Management

Sacramento area bankruptcy courts recorded one business filing — including zero with total debt above $1 million — during the week that ended May 28. Year to date through May 28, the court recorded 18 Chapter 7 or Chapter 11 business bankruptcy filings, a 22% 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…
Source: bizjournals.com Health Care News Headlines - Category: Health Management Source Type: news