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 Dec. 3, Washington-area bankruptcy courts recorded four business filings, including one with total debt above $1 million. Year to date through Dec. 3, the court recorded 109 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.
American Business Supplies LLC filed for voluntary Chapter 7 bankruptcy protection November 23, 2021, in the District of Columbia.
The debtor listed an address of 2300 M St. NW #800, Washington, and is represented in court by attorney Daniel Staeven. American Business…
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