D.C. area bankruptcy filings for March 25

March 24, 2013

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.

Maryland District
Greenbelt

Montgomery Business Services LLC

5576A Norbeck Rd., Rockville, Md. 20853

Type of filing: Chapter 7 liquidation

Case number: 13-14587

Date filed: March 15

Attorney: Eugene I. Kane Jr., 301-963-6554

Assets: zero to $50,000

Liabilities: $50,001 to $100,000

Largest unsecured creditor: PNC Merchant Services, $50,954

District of Columbia

Common Sense Media LLC

5185 Macarthur Blvd. #642, Washington, D.C. 20016

Type of filing: Chapter 7 liquidation

Case number: 13-00163

Date filed: March 18

Attorney: Warren E. Gorman, 301-654-5757

Assets: Not disclosed

Liabilities: Not disclosed

Largest unsecured creditor: Not disclosed

George Bacchus Salon Inc.

4301 Military Rd. NW #505, Washington, D.C. 20015

Type of filing: Chapter 7 liquidation

Case number: 13-00163

Date filed: March 18

Attorney: Michael G. Wolff, 301-984-6266

Assets: zero to $50,000

Liabilities: $500,001 to $1 million

Largest unsecured creditor: Potomac Place Limited Partnership, $275, 000

— Compiled by Vanessa Small

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