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

Alexandria Division

Elway Inc.

22570 Glenn Dr., Sterling, Va. 20164

Type of filing: Chapter 11 reorganization

Case number: 05-12575

Date filed: July 8

Attorney: Thomas P. Gorman 703-549-5000

Assets: $1,000,001 to $10 million

Liabilities: $1,000,001 to $10 million

Largest unsecured creditor: Steve and Gloria Elliott, $307,000

Maryland District

Greenbelt Court

L&M Consulting Craters and Freighters

7611-D Rickenbacker Dr., Gaithersburg, Md. 20879

Type of filing: Chapter 7 liquidation

Case number: 05-25316

Date filed: July 6

Attorney: Richard L. Gilman, 301-731-3303

Assets: $40,985

Liabilities: $311,130

Largest unsecured creditor: Larry W. Ekman, $204,800

Take Aim Media Inc.

5007 Druid Dr., Kensington, Md. 20895

Type of filing: Chapter 7 liquidation

Case number: 05-25362

Date filed: July 7

Attorney: Wendelin I. Lipp, 301-951-9328

Assets: $6,105

Liabilities: $333,540

Largest unsecured creditor: Amy DeLouise, $90,339

-- Compiled by Elliot Postell