These firms recently filed with the U.S. Bankruptcy Court’s local court clerk’s offices.
Under Chapter 11 of the federal bankruptcy code, a company is protected from claims by creditors while it attempts to reorganize its finances under a plan approved by the court.
In a Chapter 7 liquidation, a court trustee sells assets to pay creditors’ claims. The company then ceases operations.
Eastern Virginia District
Alexandria Division
TFG Properties LLC
13849 Park Center Rd., Herndon, Va. 20171
Type of filing: Chapter 11 reorganization
Case number: 12-14788-RGM
Date filed: Aug. 6
Attorney: Nathan Fisher, 703-691-1642
Assets: $1,000,001 to $10 million
Liabilities: $1,000,001 to $10 million
Largest unsecured creditor: TD Bank, $89,152
Maryland District
Greenbelt
Lifeline Inc.
525 Main Street, Suite 105, Laurel, Md. 20707
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Type of filing: Chapter 11 reorganization
Case number: 12-24222
Share this articleShareDate filed: Aug. 1
Attorney: Jeffrey M. Sirody, 410-415-0445
Assets: zero to $50,000
Liabilities: $500,001 to $1 million
Largest unsecured creditor: Treasury Department, $100,597
MyOwnBiz LLC
7189 Old Alexandria Ferry Rd., Clinton, Md. 20735
Type of filing: Chapter 11 reorganization
Case number: 12-24234
Date filed: Aug. 1
Attorney: Terry E. Morris, 301-424-6290
Assets: $100,001 to $500,000
Liabilities: $100,001 to $500,000
Largest unsecured creditor: Not disclosed
Builders Steel Supply Inc.
7586 Commerce Ln., Clinton, Md. 20735
Type of filing: Chapter 11 reorganization
Case number: 12-24372
Date filed: Aug. 3
Attorney: Richard H. Gins, 301-718-1078
Assets: $100,001 to $500,000
Liabilities: $500,001 to $1 million
Largest unsecured creditor: Infra-Metals Co., $265,390
— Compiled by Vanessa Small
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