The week in bankruptcies: Halo Autosports LLC

Orlando area bankruptcy courts recorded one business filing – including one with total debt above $1 million — during the week that ended Feb. 12, 2021. Year to date through Feb.12, 2021, the court recorded 7 Chapter 7 or Chapter 11 business bankruptcy filings, a 56% 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…