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. 24, Washington-area bankruptcy courts recorded two business filings. Year to date through Sept. 24, the court recorded 89 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.
SP Trucking LLC filed for voluntary Chapter 11 bankruptcy protection September 14, 2021, in the Eastern District of Virginia.
The debtor listed an address of 7140 Taylor Road in Falls Church, and they will be representing themselves in court. SP Trucking LLC listed assets ranging from $500,001 to $1,000,000 and…
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