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. 12, Washington-area bankruptcy courts recorded one business filing. Year to date through Nov. 12, the court recorded 105 Chapter 7 or Chapter 11 business bankruptcy filings, a 4% 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.
Donegan Engineering Inc. filed for voluntary Chapter 11 bankruptcy protection November 4, 2021, in the District of Maryland.
The debtor listed an address of 18310 Montgomery Village Ave., #520, Gaithersburg, and is represented in court by attorney Michael Patrick Coyle. Donegan Engineering Inc. listed assets up to…Read the full story from the Washington Business Journal.