Two South Florida businesses file for bankruptcy, including Scully's Tavern

Two South Florida businesses file for bankruptcy, including Scully's Tavern

South Florida bankruptcy courts recorded two business filings — including zero with total debt above $1 million — during the week that ended March 5. Year to date through March 5, the court recorded 28 Chapter 7 or Chapter 11 business bankruptcy filings, a 46% 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…

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