The following firms and individuals recently filed with the U.S. Bankruptcy Court's local clerk of court 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.
District of Columbia
Imago Inc., doing business as Nouvelle Image Inc. of Chevy Chase, Md., filed for Chapter 11 reorganization Nov. 27. The general contractor listed assets of $25,600 and liabilities of $292,558.
Maryland District Rockville Court
Branch Avenue Associates Limited Partnership of Landover filed for Chapter 11 reorganization Nov. 27. The real estate development company listed assets and liabilities of more than $1 million each.
Judith A. Bradley, also know as Judith Ozer, doing business as Designs by Judith, also known as Bradley Interiors, filed for Chapter 7 liquidation Nov. 27. The Bethesda interior design company listed assets and liabilities of less than $50,000 each.
MMP Inc., doing business as Branch Avenue Auto Parts, filed for Chapter 7 liquidation Nov. 27. The Hillcrest Heights company listed assets of $32,700 and liabilities of $474,055.
Eastern Virginia District Alexandria Division
Little River Joint Inc., doing business as Little River Management of Fairfax, filed for Chapter 7 liquidation Nov. 21. The real estate development and brokerage company listed assets of $412,000 and liabilities of $2.176 million. The firm owes $750,000 to Business Bank of Vienna and $390,000 to Sailors and Merchants Bank of Vienna, among other creditors.
R.J. Reynolds Enterprises Inc. of Springfield filed for Chapter 7 liquidation Nov. 27. The construction company listed assets of $40,306 and liabilities of $58,495.
Capital Design Associates Inc. of Gaithersburg filed for Chapter 7 liquidation Nov. 28. The architectural and design administration company listed assets of $4,235 and liabilities of $267,980.