The week in bankruptcies: M2 Systems Corp.

Orlando area bankruptcy courts recorded one business filing – including one with total debt above $1 million – during the week that ended March 4, 2022. Year to date through March 4, 2022, the court recorded 11 Chapter 7 or Chapter 11 business bankruptcy filings, an 8% 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…