The week in bankruptcies: Houston court sees 2021 business bankruptcies crack 100 mark

Houston-area bankruptcy courts recorded several business filings over the past few weeks. Year to date through Aug. 13, 2021, the local court recorded 105 Chapter 7 or Chapter 11 business bankruptcy filings, a 49% decrease from the same span the prior year. Chapter 7 bankruptcy protection typically provides for the liquidation of a business’s assets to satisfy creditor claims, while Chapter 11 protection enables a business to restructure its creditor obligations with the goal to remain a going…