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 Nov. 5, Washington-area bankruptcy courts recorded three business filings, including one with total debt above $1 million. Year to date through Nov. 5, the court recorded 104 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.
Stanton Glenn LP filed for voluntary Chapter 11 bankruptcy protection October 29, 2021, in the District of Columbia.
The debtor listed an address of 3040 Stanton Road, SE #101, Washington, and is represented in court by attorney Marc Elliott Albert. Stanton Glenn LP…
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