The week in bankruptcies: Wave Computing Inc., MIPS Tech LLC and 5 more.

San Jose area bankruptcy courts recorded seven business filings - including two with total debts above $1 million - during the week that ended May 1, 2020. Year to date through May 1, 2020, the court recorded 17 Chapter 7 or Chapter 11 business bankruptcy filings, a 183 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…