The week in Valley bankruptcies: Integrated Ag XI LLC

The week in Valley bankruptcies: Integrated Ag XI LLC

Phoenix area bankruptcy courts recorded one business filing — including one with total debt above $1 million — during the week that ended Jan. 29, 2021. Year to date through Jan. 29, 2021, the court recorded 3 Chapter 7 or Chapter 11 business bankruptcy filings, no change 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…

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