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 Sept. 17, Washington-area bankruptcy courts recorded two business filings, including one with total debt above $1 million. Year to date through Sept. 17, the court recorded 87 Chapter 7 or Chapter 11 business bankruptcy filings, a 5% increase 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.
B&L International Inc. filed for voluntary Chapter 11 bankruptcy protection September 9, 2021, in the District of Maryland.
The debtor listed an address of P.O. Box 3174, Gaithersburg, and is represented in court by attorney Steven L. Goldberg. B&L International Inc.…
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