The week in bankruptcies: BJ Services, other energy cos. bring Houston to 185 bankruptcies in 2020

Houston-area bankruptcy courts recorded five business filings — including two with total debts above $1 billion — during the week that ended July 24, 2020. Year to date through July 24, 2020, the court recorded 185 Chapter 7 or Chapter 11 business bankruptcy filings, a 43% 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…


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