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. 22, Washington-area bankruptcy courts recorded seven business filings, including three with total debts above $1 million. Year to date through Oct. 22, the court recorded 99 Chapter 7 or Chapter 11 business bankruptcy filings, a 3% 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.
Stoneys Kingfishers Seafood House Inc. filed for voluntary Chapter 11 bankruptcy protection October 18, 2021, in the District of Maryland.
The debtor listed an address of 14442 S. Solomons Island Road in Solomons, and is represented in court by attorney Steven…
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