The week in bankruptcies: G&G Holdings LLC and RCS & Associates Inc.

Orlando area bankruptcy courts recorded two business filings – including zero with total debt above $1 million – during the week that ended August 13, 2021. Year to date through August 13, 2021, the court recorded 45 Chapter 7 or Chapter 11 business bankruptcy filings, a 43% 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…