December 23, 2012

These firms recently filed with the U.S. Bankruptcy Court’s local court clerk’s offices.

Under Chapter 11 of the federal bankruptcy code, a company is protected from claims by creditors while it attempts to reorganize its finances under a plan approved by the court.

In a Chapter 7 liquidation, a court trustee sells assets to pay creditors’ claims. The company then ceases operations.

Eastern Virginia District
Alexandria Division

Star Technologies Corporation

10303 Galpin Court, Great Falls, Va. 22066

Type of filing: Chapter 7 liquidation

Case number: 12-17293-RGM

Date filed: Dec. 12

Attorney: Pro se

Assets: $50,001 to $100,000

Liabilities: $50,001 to $100,000

Largest unsecured creditor: Defense Contract Management Agency, 344,552

Paxfire Inc.

43490 Yukon Dr., Ste. 102, Ashburn, Va. 20147

Type of filing: Chapter 11 reorganization

Case number: 12-17341-RGM

Date filed: Dec. 14

Attorney: Kevin M. O’Donnell, 703- 548-2100

Assets: $1,000,001 to $10 million

Liabilities: $1,000,001 to $10 million

Largest unsecured creditor: Charter Communications, $498,340

— Compiled by Vanessa Small

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