The week in bankruptcies: Valaris, Arena Energy among biggest of Houston’s recent filings

Houston-area bankruptcy courts recorded nine business filings — including two with total debts above $1 billion — during the week that ended Aug. 28, 2020. Year to date through Aug. 28, 2020, the court recorded 216 Chapter 7 or Chapter 11 business bankruptcy filings, a 41% 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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