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 Feb. 4, Washington-area bankruptcy courts recorded four business filings, including one with total debt above $1 million. Year to date through Feb. 4, the court recorded 12 Chapter 7 or Chapter 11 business bankruptcy filings, a 29% 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.
The Celeste Group LLC filed for voluntary Chapter 11 bankruptcy protection January 27, 2022, in the District of Columbia. The debtor listed an address of 736 Quebec Place NW, Washington, and is represented in court by attorney Alisha Elaine Gordon. The Celeste Group LLC…
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