Wichita area bankruptcy courts recorded one business filing — including zero with total debt above $1 million — during the week that ended Sept. 18, 2020. Year to date through Sept. 18, 2020, the court recorded six Chapter 7 or Chapter 11 business bankruptcy filings, a -79 percent 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 concern.
The Wichita Chisholm Trail Marathon Inc. filed for voluntary Chapter 7 bankruptcy protection Sept. 8, 2020, in the District of Kansas. The debtor listed an address of 801 N. Coolidge Ave., Wichita, and is represented in court by attorney Mark Lazzo. The Wichita Chisholm Trail Marathon Inc. listed assets up to $25,500 and debts up to $60,000. The filing's largest creditor was listed as Howerton & White with an outstanding claim of $60,000.
This story was generated by Automated Insights using public records collected by American City Business Journals.
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