These firms 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.
Eastern Virginia District
Digital Microcomputer Concepts Corp. of 109 East Broad St., Falls Church, filed for Chapter 7 liquidation Dec. 6. The company listed assets and liabilities each as $50,001 to $100,000.
Dongsung America Co. of 112 Juliad Ct., Fredericksburg, filed for Chapter 11 reorganization Dec. 8. The company listed assets as zero to $50,000 and liabilities as $10,000,001 to $50 million.
Cyclone Inc. of 5802 Nicholson Lane, L-06, Rockville, filed for Chapter 11 reorganization Dec. 3. The company listed assets and liabilities each as $1,000,001 to $10 million.
Manufactured Housing Concepts Inc. of 8006 Reichs Ford Rd., Frederick, filed for Chapter 11 reorganization Dec. 6. The company listed assets as $500,001 to $1 million and liabilities as $1,000,001 to $10 million.
Royal Homes Inc. of P.O. Box 1538, White Plains, Md., filed for Chapter 7 liquidation Dec. 8. The company did not list assets, but its liabilities as $100,001 to $500,000.