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Post Most

D.C. area bankruptcy filings for Jan. 21

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

DHK International

7702 Leesburg Pike T-400, Falls Church

Type of filing: Chapter 7 liquidation

Case number: 13-10211-BFK

Date filed: Jan. 15

Attorney: Donald Park, 571-405-6540

Assets: zero to $50,000

Liabilities: zero to $50,000

Largest unsecured creditor: Lotte Plaza, $5,000

Ballinger Investments LLC

21760 Beaumeade Circle, #115, Ashburn, 20147

Type of filing: Chapter 11 reorganization

Case number: 13-10214-RGM

Date filed: Jan. 15

Attorney: Ann E. Schmitt, 703-737-6377

Assets: $500,001 to $1 million

Liabilities: $100,001 to $500,000

Largest unsecured creditor: None

Maryland District

Greenbelt

Best Martial Arts Styles Inc.

7100 Baltimore Blvd., College Park, 20740

Type of filing: Chapter 7 liquidation

Case number: 13-10561

Date filed: Jan. 11

Attorney: Michael S. Woll, 301-652-6962

Assets: zero to $50,000

Liabilities: zero to $50,000

Largest unsecured creditor: Charlie E. Castle, $26,558

National Quality and Review Corporation

P.O. Box 10616, Silver Spring, 20914

Type of filing: Chapter 11 reorganization

Case number: 13-10659

Date filed: Jan. 14

Attorney: Charles C. Iweanoge, 202-347-7026

Assets: zero to $50,000

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

Largest unsecured creditor: Internal Revenue Service, $1.9 million

— Compiled by Vanessa Small

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