The week in bankruptcies: 2 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 Oct. 8, Washington-area bankruptcy courts recorded two business filings. Year to date through Oct. 8, the court recorded 91 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.

DC Estates LLC filed for voluntary Chapter 7 bankruptcy protection October 4, 2021, in the District of Maryland.

The debtor listed an address of 9700 Hillridge Drive in Kensington, and is represented in court by attorney Steven H. Greenfeld. DC Estates LLC listed assets up to $17,553 and debts up to $220,995. The filing’s…

Read the full story from the Washington Business Journal.

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