The week in bankruptcies: JK 325 LLC and Palm Beach Homeowners Master Association LLC

Orlando area bankruptcy courts recorded two business filings – including one with total debt above $1 million – during the week that ended April 22, 2022. Year to date through April 22, 2022, the court recorded 27 Chapter 7 or Chapter 11 business bankruptcy filings, up 13% 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…