Washington area bankruptcy filings for the week of Oct. 31

October 30, 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

Gom Tang E Corp.

4230 Annandale Road, Annandale, Va. 22003

Type of filing: Chapter 11 reorganization

Case number: 11-17611-BFK

Date filed: Oct. 20

Attorney: Eugene Jin-Ho Cynn, 703-273-6203

Assets: $500,000,001 to $1 billion

Liabilities: $100,001 to $500,000

Largest unsecured creditor: Not disclosed

NOVA Property Services LLC

19862 Evergreen Mills Road, Leesburg, Va. 20175

Type of filing: Chapter 7 liquidation

Case number: 11-17693

Date filed: Oct. 25

Attorney: Frank Bredimus, 571-344-2278

Assets: zero to $50,000

Liabilities: $100,001 to $500,000

Largest unsecured creditor: John Deere James River Equipment, $49,935

Maryland District:

Apnaghar LLC

11602 Georgia Ave., Silver Spring, Md. 20902

Type of filing: Chapter 11 reorganization

Case number: 11-30786

Date filed: Oct. 19

Attorney: Jonathan C. Silverman, 301-474-5214

Assets: $500,001 to $1 million

Liabilities: $500,001 to $1 million

Largest unsecured creditor: Law Offices of Gingerich & Culpepper, $5,490

— 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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