Coworking firm and government contracting accelerator Eastern Foundry has filed for Chapter 7 bankruptcy and appears to have shuttered all operations, according to court records and interviews.
The company — which at one point maintained three locations, in Crystal City, Rosslyn and Fayetteville, North Carolina — closed a checking account that contained $0 on Oct. 1, 2021, according to the bankruptcy filings. According to court documents, the firm has no cash and no longer owns or leases any commercial property.
Eastern Foundry owes Arlington County $20,033 in unpaid taxes, according to bankruptcy filings, $267,872.99 to JBG Smith Properties (NYSE: JBGS), $394,902.62 to Monday Properties and $50,209.41 to Allied Telecom Group of Arlington.
Co-founder Geoff Orazem declined to comment, citing the ongoing proceedings. Efforts to reach co-founder Andrew Chang and a lawyer representing Eastern Foundry were not successful. Eastern Foundry’s website is no longer active.
In 2020, the firm…
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