The week in bankruptcies: AAC Holding Corp., National Rifle Association of America and 19 more.

Dallas area bankruptcy courts recorded 21 business filings - including two with total debts above $1 million - during the week that ended January 22, 2021. Year to date through January 22, 2021, the court recorded 29 Chapter 7 or Chapter 11 business bankruptcy filings, a -6 percent decrease 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…