Washington area bankruptcy filings for the week of Jan. 30

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

Vecorder Technologies Inc.

12085 Cadet Court, Manassas, Va. 20109

Type of filing: Chapter 11 reorganization

Case number: 12-10351-RGM

Date filed: Jan. 19

Attorney: Katherine Martell, 703-385-6868

Assets: zero to $50,000

Liabilities: zero to $50,000

Largest unsecured creditor: Maurice Greenbladt, amount unknown

K1 Inc.

44031 Ashburn Shopping P 115, Ashburn, Va. 20147

Type of filing: Chapter 11 reorganization

Case number: 12-10409-RGM

Date filed: Jan. 23

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

Assets: zero to $50,000

Liabilities: zero to $50,000

Largest unsecured creditor: Saul Companies, $17,387

Maryland District
Greenbelt

LaPlata’s Flower Boutique LLC

207 St. Mary’s Avenue, LaPlata, Md. 20646

Type of filing: Chapter 7 liquidation

Case number: 12-10824

Date filed: Jan. 18

Attorney: Jeffrey Sherman, 301-841-3843

Assets: zero to $50,000

Liabilities: $50,001 to $100,000

Largest unsecured creditor: Not disclosed

Knight Protective Services Inc.

4200 Parliament Place, 1st Floor, Lanham, Md. 20706

Type of filing: Chapter 11 reorganization

Case number: 12-11011

Date filed: Jan. 20

Attorney: Stephen F. Fruin, 410-347-9494

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

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

Largest unsecured creditor: CDBA fbo Comercia Bank, $201,026

— 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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