D.C. area bankruptcy filings for Jan. 28
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
10332 Main St., #327, Fairfax, Va. 22030
Type of filing: Chapter 7 liquidation
Case number: 13-10307-RGM
Date filed: Jan. 21
Attorney: Ronald W. Stern, 703-684-5664
Assets: zero to $50,000
Liabilities: $100,001 to $500,000
Largest unsecured creditor: Diaspark, $86,088
George R. Cranford Inc.
5518 Tuxedo Rd., Cheverly, Md. 20781
Type of filing: Chapter 11 reorganization
Case number: 13-10851
Date filed: Jan. 18
Attorney: Robert C. Davis, Jr., 410-571-2793
Assets: $500,001 to $1 million
Liabilities: $1,000,001 to $10 million
Largest unsecured creditor: Washington Winnelson, $148,101
— Compiled by Vanessa Small