The week in bankruptcies: Lux Templum LLC, Rack-Em-Up Inc. and more

Denver area bankruptcy courts recorded four business filings - including one with total debt above $1 million - during the week that ended May 22, 2020. Year to date through May 22, 2020, the court recorded 40 Chapter 7 or Chapter 11 business bankruptcy filings, a 3% 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 its…