The week in bankruptcies: Air Force One subcontractor among this week's filings

San Antonio area bankruptcy courts recorded four business filings - including one with total debt above $1 million - during the week that ended May 7, 2021. Year to date through May 7, 2021, the court recorded 18 Chapter 7 or Chapter 11 business bankruptcy filings, a -49% 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…