Bankruptcies

Washington area bankruptcy filings for the week of March 14

Monday, March 14, 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

L&B Group LLC

14663 Jefferson Davis Hwy, Woodbridge, Va. 22191

Type of filing: Chapter 11 liquidation

Case number: 11-11551-RGM

Date filed: March 4

Attorney: Gregory H. Counts, 703-549-5000

Assets: zero to $50,000

Liabilities: $100,001 to $500,000

Largest unsecured creditor: Featherstone Investors, $115,000


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