Washington-area bankruptcy filings for Dec. 28

Correction: An earlier version of this story incorrectly reported that Loudoun Sheet Metal Co. had filed for Chapter 11 bankruptcy. Loudoun Sheet Metal Co. has not filed for bankruptcy.

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

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
ANK LLC

Address: 31 Walker Ave., Ste. 110, Pikesville, Md. 21208

Type of filing: Reorganization

 

Case number: 15-27357

Date filed: Dec. 17

Attorney: Catherine Keller Hopkin

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

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

Largest unsecured creditor: Comptroller of Maryland Revenue Administration Division, $24,884

 
DISTRICT OF COLUMBIA
Naylor Road School Corp.

Address: 7022 Tarquin Ave., Temple Hills, Md. 20748

Type of filing: Reorganization

Case number: 15-00652

Date filed: Dec. 16

Attorney: Steven H. Greenfeld

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

Liabilities: $500,001 to $1 million

Largest unsecured creditor: Not disclosed

VIRGINIA
Cara Peyton Innovations LLC

Address: 11394 Amber Hills Ct., Fairfax, Va. 22033

Type of filing: Reorganization

Case number: 15-14429-BFK

Date filed: Dec. 17

Attorney: John D. Sawyer

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

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

Largest unsecured creditor: Industrial Bank, $781,636

— Compiled by Aaron Gregg

Article from:- https://www.washingtonpost.com

 

 

 

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