The week in bankruptcies: Diocese of Camden New Jersey, Ocean View Motel and 4 more

Philadelphia-area bankruptcy courts recorded six business filings - including two with total debts above $1 million - during the week that ended October 9, 2020. Year to date through October 9, 2020, the court recorded 58 Chapter 7 or Chapter 11 business bankruptcy filings, a 44% 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…