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 Jan. 14, Washington-area bankruptcy courts recorded two business filings — including one with total debt above $1 million. Year to date through Jan. 14, the court recorded three Chapter 7 or Chapter 11 business bankruptcy filings, a 25% 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.
Hope Montessori School Ltd. filed for voluntary Chapter 7 bankruptcy protection Jan. 5 in the Eastern District of Virginia. The debtor listed an address of 4614 Ravensworth Road, Annandale, and is represented in court by attorney Maurice VerStandig. Hope Montessori…
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