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. The company then ceases operations.
Rockville Court District of Maryland Dalton Management Co. of 14 West Patrick St., Frederick, Md., filed for Chapter 11 reorganization Sept. 10. The real estate management company listed assets as less than $50,000 and liabilities of $99,231.
MDR Enterprise Inc. of 5454 Wisconsin Ave., Chevy Chase, filed for Chapter 11 reorganization Sept. 12. The real estate investment and development company listed assets of $1,050,000 and liabilities of $882,870.
A.B.& W. Development Corp. of 2900 Boones Lane, Forestville, filed for Chapter 11 reorganization. The real estate development company listed assets of between $300,000 and $350,000 and liabilities of $530,413.56.
Alexandria Division Eastern Division of Virginia MRY/Haymarket Associates of 374 Maple Ave. East, Suite 302, Vienna, filed for Chapter 11 reorganization. The real estate investment partnership listed assets and liabilities as more than $1 million each.
Banlar Construction Co. Inc. (Florida) and Banlar Construction Co. Inc. (Virginia), both of 8260 Greensboro Dr., Suite 260, McLean, filed for Chapter 11 reorganization Sept. 7. Banlar (Florida) listed assets of $750,000 and liabilities of $800,000 and Banlar (Virginia) listed assets of $400,000 and liabilities of $125,000.
Bush, Hart & Kingsbury Inc., doing business as BHK Inc., of 2200 Clarendon Blvd., Arlington, filed for Chapter 11 reorganization Sept. 7. The computer software development firm listed assets of $164,356 and liabilities of $496,512.
-- Compiled by Robert Thomason