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. Maryland District Rockville Court Atlas Disposal Systems Inc. of Brandywine filed for Chapter 11 reorganization Jan. 11. No further information was available on the trash-hauling company.
G&H Automotive Paint + Supply Company of Upper Marlboro filed for Chapter 7 liquidation Jan. 10. The company listed assets of $32,903 and liabilities of $167,089.
Eastern Virginia District Alexandria Division Floral Design Studio Inc. of Alexandria filed for Chapter 7 liquidation Jan. 10. The retail florist and special event planning company listed assets of $13,725 and liabilities of $174,701.
Carl Bernstein Development Corp. of Annandale filed for Chapter 11 reorganization Jan. 10. The real estate developer listed both assets and liabilities as between $500,000 and $999,000.
Daly Company Inc. of Falls Church filed for Chapter 7 liquidation Jan. 10. The kitchen design and installation company listed assets of $28,141 and liabilities of $396,799.
Chesapeake Computer Solutions Inc. of Middleburg filed for Chapter 7 liquidation Jan. 11. The computer service listed assets of less than $50,000 and liabilities of between $500,000 and $999,000.
District of Columbia Graphicenter Inc. of 1101 2nd St. NW filed for Chapter 7 liquidation Jan. 11. The offset printing company listed assets of $36,198 and liabilities of $197,555.
Cajun King Inc. of 1909 14th St. SE filed for Chapter 11 reorganization Jan. 11. The company listed assets of less than $50,000 and liabilities of more than $1 million. The company owes $6.5 million to First American Bank of Washington and $2 million to Clay Properties Inc.
Competemps By Dora Inc. of 915 15th St. NW filed for chapter 11 reorganization Jan. 14. The temporary help services company listed assets of $50,000 and liabilities of $130,000. The company owes $127,000 to the Internal Revenue Service and $3,000 to the Department of Finance and Revenue in the District.