The week in bankruptcies: Gunsmoke LLC, Elemental Energy LLC and 7 more

Denver area bankruptcy courts recorded nine business filings – including two with total debts above $1 million – during the week that ended July 31, 2020. Year to date through July 31, 2020, the court recorded 66 Chapter 7 or Chapter 11 business bankruptcy filings, a 20% increase 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…

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