The week in bankruptcies: Ellicott City energy firm and one other entity

Baltimore-area bankruptcy courts recorded two business filings — including one with total debt above $1 million — during the week that ended Feb. 26. Year-to-date through Feb. 26, the court recorded 7 Chapter 7 or Chapter 11 business bankruptcy filings, a 36% 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 its creditor…