The week in bankruptcies: Olympus Development Group LLC.

The week in bankruptcies: Olympus Development Group LLC.

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Nashville area bankruptcy courts recorded one business filing - including one with total debt above $1 million - during the week that ended February 26, 2021. Year to date through February 26, 2021, the court recorded five Chapter 7 or Chapter 11 business bankruptcy filings, a 38% 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…

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