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Article: Bankruptcies
- Article from:
- The Washington Post
- Article date:
- June 22, 2009
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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These firms recently filed with the U.S. Bankruptcy Court's local
clerk of court 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.
Old Dominion Embroidery Inc.
410 Rose Dale Ct., Ste. 110A, Warrenton, Va. 20186
Type of filing: Chapter 7 liquidation
Case number: 09-14665-SSM
Date filed: June 11
Attorney: Timothy V. Anderson, 757-301-3636
Assets: Zero to $50,000
Liabilities: $100,001 to $500,000
Largest unsecured creditor: Fauquier Bank, ...