Washington area bankruptcy filings for the week of Dec. 12

December 11, 2011

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

Dickson Properties LLC

43312 Vestals Place, Leesburg, Va. 20176

Type of filing: Chapter 11 reorganization

Case number: 11-18617-RGM

Date filed: Dec. 1

Attorney: Gary M. Bowman, 540-797-2765

Assets: $500,001 to $1 million

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

Largest unsecured creditor: Not disclosed

Marpech Investment Group LLC

3124 Colvin St., Alexandria, Va. 22314

Type of filing: Chapter 11 reorganization

Case number: 11-18670-BFK

Date filed: Dec. 5

Attorney: John W. Bevis, 703-691-1334

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

Liabilities: $500,001 to $1 million

Largest unsecured creditor: Not disclosed

Maryland District
Greenbelt Division

Badtec Inc.

10155 Ward Road, Dunkirk, Md. 20754

Type of filing: Chapter 7 liquidation

Case number: 11-33795

Date filed: Dec. 6

Attorney: Steven H. Greenfeld, 301-881-8350

Assets: $100,001 to $500,000

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

Largest unsecured creditor: James Ake, $115,000

— Compiled by Vanessa Small

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