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.
Maryland District Rockville Court
Charles S. Lynn, doing business as Lynn Charter Service, filed for Chapter 7 liquidation Jan. 31. The Germantown company listed assets of under $50,000 and liabilities of more than $1 million.
The 8001 Wisconsin Avenue Limited Partnership of Bethesda filed for Chapter 11 reorganization Jan. 31. The office building constructor and leaser estimated assets at $3 million and liabilities at $2.5 million. The company owes John Hanson Savings Bank a disputed $2.3 million.
Steven James Hoppel of Cabin John, formerly doing business as Steven James Hoppel Printing and Decorating, filed for Chapter 7 liquidation Feb. 1, along with Jennifer Dorothy Hoppel, formerly doing business as Jennifer D. Hoppel Typing Services and doing business as Jennifer D. Hoppel Business Support Services. The two listed assets of $6,777 and liabilities of $52,095.
Anka Inc. of Gaithersburg, doing business as Heritage Press, filed for Chapter 11 reorganization Feb. 4. The printing company listed assets of $659,208 and liabilities of $884,643.
Henry Lewis Baker, also known as Henry Gantt-Baker, doing business as V&H Distributors and as Glitters, filed for Chapter 13 individual liquidation Feb. 4, along with Vanessa Catherine Gantt-Baker, also known as Vanessa Catherine Gantt and as Vanessa Gantt-Baker. The Camp Springs individuals listed assets and liabilities of between $100,000 and $499,000. Rob't. B. Heap Inc. of Mitchellville filed for Chapter 11 reorganization Feb. 5. The construction subcontractor listed assets of $1.33 million and liabilities of $957,145. The company owes $273,985 to Hudson Supply Company of Beltsville and $44,506 to Hartford Systems Inc. of Aberdeen.
Shellfish Shanty Inc. of Camp Springs filed for Chapter 7 liquidation Feb. 5. The food carryout listed assets of $31,943 and liabilities of $66,418.
Two partnerships that own the site of the proposed International Renaissance Center in Bowie became involved in separate filings Feb. 6. One partnership, City of Capitals Inc. of Riverdale, was the subject of an involuntary Chapter 11 petition filed by a group of its creditors, including Francis J. Aluisi of District Heights and O-Porto Construction Co. of Bowie. The petitioners listed assets for the company at between $500,000 and $999,000 and liabilities at between $100,000 and $499,000. The other partnership, Belair 301-50 S.W. Quadrant Commercial Properties Inc. of Riverdale, filed for Chapter 11 reorganization. The partnership listed assets of $21.6 million and liabilities of $16.7 million.
Eastern Virginia District Alexandria Division
Ratliff Enterprises of Lorton filed for Chapter 7 liquidation Feb. 1. The retail welding and canopy sales and service company listed assets of $33,000 and liabilities of $160,517.
Electric Ventures Inc., doing business as Easy Street Restaurant of Leesburg, filed for Chapter 11 reorganization Feb. 5. The restaurant listed assets of $250,000 and liabilities of $400,000.
First Windsor Corp., doing business as Old Town Travel, American Journeys Inc. and American Journeys filed for Chapter 7 liquidation Feb. 6. The Alexandria travel agency listed assets of $50,000 to $99,000 and liabilities of between $100,000 and $499,000. Carroll Mechanical Inc. of Manassas Park filed for Chapter 7 liquidation Jan. 31. The plumbing company listed assets of $16,884 and liabilities of $110,631.
Mid-Atlantic Telesis Inc. of Alexandria filed for Chapter 11 reorganization Feb. 1. The computer services company listed assets of $10,200 and liabilities of $1.3 million. The company owes $950,000 to PS Business Center in Alexandria and $37,194 to E-Machines in Portland, Ore.
Harry and James Mathis, doing business as Mattco Construction Company of Stafford, filed for Chapter 11 reorganization Feb. 1. The building contractors listed assets of $10,690 and liabilities of $25,862.
Royal Market & Butcher Inc. of Sterling filed for Chapter 7 liquidation Feb. 6. The deli and butcher shop listed zero assets and liabilities of $57,643.
Don Edward Glass and Carol Jean Glass, formerly doing business as Hi-Tech Floor Covering, filed for Chapter 7 liquidation Jan. 31. The company listed assets of $132,575 and liabilities of $207,282.
District of Columbia Therman Walker Co. of 1206 Crittenden Street NW filed for Chapter 11 reorganization Feb. 5. The real estate management, rental and sales firm listed assets of $526,000 and liabilities of $320,000.