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Article: Bankruptcies
- Article from:
- The Washington Post
- Article date:
- August 3, 2009
CopyrightCopyright 2009 The Washington Post. This 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.
Terrascape Design Build Co.
6583 Merchant Pl., Ste. 303, Warrenton, Va. 20187
Type of filing: Chapter 11 reorganization
Case number: 09-15843-RGM
Date filed: July 23
Attorney: Richard G. Hall, 703-256-7159
Assets: Zero to $50,000
Liabilities: $100,001 to $500,000
Largest unsecured creditor: Homestead Building ...