The Washington Post

Washington area bankruptcy filings for March 5

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

Systems Applications Inc.

205 S. Whiting St., Suite 200, Alexandria, Va. 22304

Type of filing: Chapter 7 liquidation

Case number: 12-11133-RGM

Date filed: Feb. 22

Attorney: Gordon P. Peyton, 703-684-2000

Assets: $100,001 to $500,000

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

Largest unsecured creditor: Bank of America/Merrill Lynch Business Financial Services, $683,234

WSG Dulles GL LLC

2286 N.E. 123rd S., Miami, Fla. 33181

Type of filing: Chapter 11 reorganization

Case number: 12-11151-BFK

Date filed: Feb. 23

Attorney: Lawrence A. Katz, 703-584-8362

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

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

Largest unsecured creditor: Not disclosed

Murphy Concrete & Asphalt LLC

10210-B Marsh Rd., Bealeton, Va. 22712

Type of filing: Chapter 7 liquidation

Case number: 12-11227-RGM

Date filed: Feb. 27

Attorney: Ann E. Schmitt, 703-737-6377

Assets: $100,001 to $500,000

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

Largest unsecured creditor: Murphy Lee, $251,372

Maryland District
Greenbelt

Graphic Trade Bindery Inc.

2300 Craftsman Cir., Cheverly, Md. 20781

Type of filing: Chapter 11 reorganization

Case number: 12-13189

Date filed: Feb. 23

Attorney: Lawrence A. Katz, 703-584-8362

Assets: $1,00,001 to $10 million

Liabilities: $1,00,001 to $10 million

Largest unsecured creditor: Fujifilm North America, $433,212

— Compiled by Vanessa Small

Vanessa Small covers philanthropy and nonprofits for Capital Business. She also spotlights newly appointed executives in the New at the Top column, which chronicles their journeys to the top. Small was raised in Orange County, Ca. and graduated from Howard University.
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