The week in Valley bankruptcies: All Year Round LLC and Robar Companies file Chapter 7

1May 2021

bankruptciessapphire2A100xx1800 1800 700 0Phoenix area bankruptcy courts recorded two business filings during the week that ended April 23, 2021. Year to date through April 23, the court recorded 16 Chapter 7 or Chapter 11 business bankruptcy filings, a 41% 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 obligations with the goal to remain a going…

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