D.C. area bankruptcy filings for May 6

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

Best Edupia Inc.

4107 Kentmere Sq., Fairfax, Va. 22030

Type of filing: Chapter 7 liquidation

Case number: 13-11938-RGM

Date filed: April 26

Attorney: James Yim Victory, 703-333-2005

Assets: zero to $50,000

Liabilities: $500,001 to $1 million

Largest unsecured creditor: Datatron International Corp., $750,000

Maryland District
Greenbelt

Life Directions LLC

17 Norva Ave., Frederick, Md. 21701

Type of filing: Chapter 7 liquidation

Case number: 13-17185

Date filed: April 25

Attorney: Lawrence Heffner, 301-695-2977

Assets: zero to $50,000

Liabilities: $50,001 to $100,000

Largest unsecured creditor: Not disclosed

SBM Financial LLC

14805 Village Gate Dr., Silver Spring, Md. 20906

Type of filing: Chapter 11 reorganization

Case number: 13-17294

Date filed: April 26

Attorney: Lawrence A. Katz, 703-584-8362

Assets: zero to $50,000

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

Largest unsecured creditor: Foley & Lardner, $249,784

Irie Cafe II LLC

881A Capital Centre Blvd., Upper Marlboro, Md. 20774

Type of filing: Chapter 7 liquidation

Case number: 13-17342

Date filed: April 28

Attorney: Craig A Butler, 202 -587-2773

Assets: zero to $50,000

Liabilities: $100,001 to $500,000

Largest unsecured creditor: Not disclosed

SBM Investment Certificates Inc.

14805 Village Gate Dr., Silver Spring, Md. 20906

Type of filing: Chapter 11 reorganization

Case number: 13-17288

Date filed: April 26

Attorney: Lawrence A. Katz, 703-584-8362

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

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

Largest unsecured creditor: Hicks, Alvin C. Jr., $474,532

District of Columbia

Kusam International Inc.

1708 L Street NW

Washington, D.C. 20036

Type of filing: Chapter 11 reorganization

Case number: 13-00255

Date filed: April 29

Attorney: Pro se

Assets: $100,001 to $500,000

Liabilities: $100,001 to $500,000

Largest unsecured creditor: Not disclosed

— Compiled by Vanessa Small

Vanessa Small covers philanthropy and nonprofits for Capital Business. She also spotlights newly appointed executives in the New at the Top column, which chronicles their journeys to the top. Small was raised in Orange County, Ca. and graduated from Howard University.

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