The week in bankruptcies: SunTech Drive LLC

Denver area bankruptcy courts recorded one business filing - including one with total debt above $1 million - during the week that ended June 12, 2020. Year to date through June 12, 2020, the court recorded 44 Chapter 7 or Chapter 11 business bankruptcy filings, a 7% 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…