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
Staudenmeier Inc. of Rockville filed for Chapter 11 reorganization Jan. 22. The general contractor, which specializes in tennis court construction and resurfacing, listed assets of $116,000 and liabilities of $200,000.
Robert Owen Faller, doing business as Building and Trade Permit Processors and also known as Renaissance Tanning and American Enterprises, filed for Chapter 7 liquidation Jan. 18. The Potomac company listed assets of $2,065 and liabilities of $49,494.
ACRA General Corporation of 613 Kennedy St. NW in the District filed for Chapter 11 reorganization Jan. 22. The real estate corporation listed both assets and liabilities of between $100,000 and $499,000.
Behavior Research of Maryland Inc. of Chevy Chase filed for Chapter 7 liquidation Jan. 22. The management consulting firm listed assets of $19.04 and liabilities of $50,189. Behe and Associates Inc. of Gaithersburg, doing business as Airpark Automotive, filed for Chapter 11 reorganization Jan. 22. The auto and truck tire and automotive service business listed assets of $135,000 and liabilities of $225,000.
Allwin of Twin Valley Inc. of Bethesda filed for Chapter 11 reorganization Jan. 23. The residential property developer listed assets of $1,358,430 and liabilities of $2,475,941. Its two largest creditors are Citizens Savings Bank of Silver Spring, owed $150,000 and Builders Design and Leasing, owed $132,991.
Steven Green and Deanna Lynette Green, doing business as Ballpark Insurance Agency, also known as Diamond Software Group, filed for Chapter 13 personal reorganization Jan. 18. The company listed both assets and liabilities of between $100,000 and $499,000.
Hahn/Wills Joint Venture of Bethesda filed for Chapter 11 reorganization Jan. 18. The shopping center developer and operator listed assets and liabilities of more than $1 million. The company owes $8 million to Riggs National Bank and $500,000 to Madison National Bank.
David E. Blanton of Cheverly; Hugo G. Graziani of Silver Spring and Larry K. Jackson of Reston filed a petition requesting that Cardio-Pulmonary Diagnostic Center of Silver Spring, which owes them money, be placed into involuntary Chapter 11 reorganization. The creditors said the company owes $110,188 to Graziani, $42,540 to Blanton and $6,059 to Jackson.
Avery-Flaherty Properties Inc. of Kensington filed for Chapter 11 reorganization Jan. 22. The land development and investment company listed assets of $2,839,075 and liabilities of $3,029,189. The company owes $1,112,387 to Equitable Federal Savings Bank in Wheaton and $266,916 to National Bank of Washington in the District.
Eastern Virginia District Alexandria Division
Virginia Run Limited Partnership of Reston filed for Chapter 11 reorganization Jan. 17. The real estate development company listed assets of $5.96 million and liabilities of $7.053 million. Among the companies it owes money to are $35,947 to Builders Design and Leasing Inc. of the District, $35,947; Lamar and Wallace of Alexandria, $35,587; and a General Electric Co. operation in Fairfax, $2,226.
Tipco-Boehm Limited Partnership of Reston, which has the same general partner as Virginia Run Limited Partnership, filed for Chapter 11 reorganization Jan. 17. The company listed assets of $355,000 and liabilities of $427,000.
Pavet Corporation of Gainesville filed for Chapter 11 reorganization Jan. 17. The asphalt pavers listed assets of $600,000 and liabilities of $840,000.
C+S/G.L.L.C. Inc., doing business as Gold Line Leasing Company and Financial Services, C+S Automotive Consultant Inc. and C+S Automotive Consultants, filed for Chapter 11 reorganization Jan. 18. The Manassas automotive leasing company listed assets of $206,425 and liabilities of $2,181,582.
Crown Telecom Inc. of Chantilly filed for Chapter 11 reorganization Jan. 18. The underground fiber optic cable and asphalt installers listed assets of $540,860 and liabilities of $723,626.
Northern Virginia Steel Corp. of Springfield filed for Chapter 11 reorganization Jan. 18. The steel and steel products fabrication and sales company listed assets of $4.02 million and liabilities of $4.36 million. The company owes $1 million to First American Banks of McLean and $651,277 to Bernard Steinberg of Chevy Chase.
The 14709 Lee Highway Limited Partnership of Annandale filed for Chapter 11 reorganization Jan. 23. The company listed no assets or liabilities, but owes Carl Bernstein and Associates Inc. of Annandale $37,544 and owes $29,820 to VIKA Inc. of McLean.
Reading Industrial Corporation of the District, a construction contractor filed for Chapter 7 liquidation Jan. 23. The company listed no assets and liabilities of $804,187.