The week in bankruptcies: Motogate LLC

Orlando area bankruptcy courts recorded one business filing – including zero with total debt above $1 million – during the week that ended June 25, 2021. Year to date through June 25, 2021, the court recorded 37 Chapter 7 or Chapter 11 business bankruptcy filings, a 37% 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…