The following firms have filed for bankruptcy protection recently with local clerk of court offices of the U.S. Bankruptcy Court.
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.
District of Maryland
R.O. Eisinger Associates Limited Partnership of Suite 424 East, 7315 Wisconsin Ave., Bethesda, filed for Chapter 11 reorganization June 25. The development firm, which owns unimproved land in Clarksburg, Md., listed assets and liabilities each at more than $1 million.
A/C Automotive Inc. of 8028 Alex Ferry Rd., Clinton, filed for Chapter 7 liquidation June 25. The firm, which furnishes and installs automotive air conditioning, cruise controls and accessories, listed assets of $94,818.55 and liabilities of $368,525.50.
Also filing in the Rockville Court were Bowie's Fat Tuesday Restaurant Inc. of Prince George's County, which filed for Chapter 11 reorganization June 22, and J.M. Bucheimer Co. Inc. of Frederick County, which filed for Chapter 11 reorganization June 27. More information on the filings was not available.
Alexandria Division Eastern District of Virginia
LandAmerica Property Corp. Inc. of 706 Walker Rd., Great Falls, Va., filed for Chapter 11 reorganization June 27. The real estate development firm listed assets of $12,500,500 and liabilities of $7,875,935.
Calvert Property Absecon Limited Partnership, doing business as Absecon Days Inn, filed for Chapter 11 reorganization June 27. The hotel listed assets and liabilities each at more than $1 million.
District of Columbia
Dutch Inn of America Inc., doing business as Georgetown Dutch Inn, of 1075 Thomas Jefferson St. NW, filed for Chapter 11 reorganization June 27. The hotel listed assets of $600,000 and liabilities of $2.6 million.
Sparroworld Baptist Corp. of 5801 16th St. NW filed for Chapter 11 reorganization June 25. The church development corporation listed assets of $1 million and liabilities of $750,000. -- Compiled by Robert Thomason