Article: Bankruptcies

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.

Musifex Inc. doing business as MVI Post

6320 Castle Pl., Falls Church, Va. 22044

Type of filing: Chapter 11 reorganization

Case number: 09-16966-SSM

Date filed: Aug. 27

Attorney: Kevin M. O'Donnell, 703-548-2100

Assets: $100,001 to $500,000

Liabilities: $1,000,001 to $10 million

Largest unsecured creditor: ...

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