The week in bankruptcies: Remington’s Furniture Gallery LLC and FL&G Construction Inc.

Orlando area bankruptcy courts recorded two business filings – including zero with total debt above $1 million – during the week that ended May 13, 2022. Year to date through May 13, 2022, the court recorded 30 Chapter 7 or Chapter 11 business bankruptcy filings, a 3% increase 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…