The week in bankruptcies: California Independent Petroleum Association and R&S REI LLC

Sacramento area bankruptcy courts recorded two business filings — including one with total debt above $1 million — during the week that ended Sept. 10. Year to date through Sept. 10, the court recorded 30 Chapter 7 or Chapter 11 business bankruptcy filings, a 29% 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…


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