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 June 4, Washington-area bankruptcy courts recorded four business filings, including two with total debts above $1 million. Year to date through June 4, the court recorded 49 Chapter 7 or Chapter 11 business bankruptcy filings, a 2% 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.
RGK Innovations LLC filed for voluntary Chapter 7 bankruptcy protection May 26, 2021, in the Eastern District of Virginia.
The debtor listed an address of 3208 Circle Hill Road in Fairfax, and is represented in court by attorney Kevin M. O’Donnell. RGK Innovations LLC…Read the full story from the Washington Business Journal.