
Pittsburgh area bankruptcy courts recorded two business filings - neither with total debt above $1 million - during the week that ended October 1, 2021. Year to date through October 1, 2021, the court recorded 37 Chapter 7 or Chapter 11 business bankruptcy filings, a 16 percent 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…