Washington area bankruptcy filings for the week of May 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
Alexandria Division

PetDiva LLC

20604 Gordon Park, Ste. 170, Ashburn, Va. 20147

Type of filing: Chapter 11 reorganization

Case number: 12-13253-RGM

Date filed: May 21

Attorney: Nathan Fisher, 703-691-1642

Assets: $100,001 to $500,000

Liabilities: $100,001 to $500,000

Largest unsecured creditor: Virginia Commerce Bank, $280,212

Maryland District
Greenbelt

Decisive Media Inc.

8181 Professional Pl., Ste. 170, Hyattsville, Md. 20785

Type of filing: Chapter 11 reorganization

Case number: 12-19579

Date filed: May 21

Attorney: Ira C. Wolpert and Roger Schlossberg, 301-961-5770

Assets: $100,001 to $500,000

Liabilities: $100,001 to $500,000

Largest unsecured creditor: Michigan Commerce Bank, $605

District of Columbia

Prospect Technologies Inc.

3509 Connecticut Ave., NW, #630, Washington, D.C. 20008

Type of filing: Chapter 7 liquidation

Case number: 12-00369

Date filed: May 16

Attorney: Richard G. Hall, 703-256-7159

Assets: zero to $50,000

Liabilities: $100,001 to $500,000

Largest unsecured creditor: Fieldstone Partners, $250,000

Alem Auto Sales Inc.

2650 Reed St., NW, Washington, D.C. 20018

Type of filing: Chapter 11 reorganization

Case number: 12-00376

Date filed: May 18

Attorney: Clarissa Thomas, 202-546-0638

Assets: $100,001 to $500,000

Liabilities: $100,001 to $500,000

Largest unsecured creditor: Suntrust Bank, $20,000

— 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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