The week in bankruptcies: Marinia Towers LLC

Orlando area bankruptcy courts recorded one business filing – including one with total debt above $1 million – during the week that ended November 12, 2021. Year to date through November 12, 2021, the court recorded 62 Chapter 7 or Chapter 11 business bankruptcy filings, a 47% 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…