These firms recently filed with the U.S. Bankruptcy Court’s local court clerk’s 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

TK Services Inc.

1000 Bernard St., Alexandria, Va. 22314

Type of filing: Chapter 11 organization

Case number: 14-11062-BFK

Date filed: March 23

Attorney: Christopher S. Moffitt, 703-683-0075

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

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

Largest unsecured creditor: Central Pension Fund, $307,238

Maryland District
Greenbelt

Koo Yuen Life Insurance Trust

C/O Koo Yuen, Trustee, 9221 Mayfield Dr., Bethesda, Md. 20817

Type of filing: Chapter 11 reorganization

Case number: 14-14571

Date filed: March 24

Attorney: Thomas F. DeCaro, Jr., 301-464-1400

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

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

Largest unsecured creditor: Helen YS Ling Trust, $1.5 million

— Compiled by Vanessa Small