The week in bankruptcies: 7 entities in Greater Washington

The Washington Business Journal offers a weekly roundup of bankruptcy filings in the region based on public records collected by parent company American City Business Journals.

During the week that ended Nov. 13, Washington-area bankruptcy courts recorded seven business filings, including one with total debt above $1 million. Year to date through Nov. 13, the court recorded 109 Chapter 7 or Chapter 11 business bankruptcy filings, a 22% decrease from the same span the prior year. Chapter 7 bankruptcy protection typically provides for the liquidation of a business’ assets to satisfy creditor claims, while Chapter 11 protection enables a business to restructure its creditor obligations with the goal to remain a going concern.

ClubX LLC filed for voluntary Chapter 7 bankruptcy protection Nov. 5 in the Eastern District of Virginia.

The debtor listed an address of c/o David C. Canfield 2311 Wilson Blvd., #500, Arlington, and is represented in court by attorney Steven B. Ramsdell. ClubX…

Read the full story from the Washington Business Journal.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up