D.C. area bankruptcy filing, March 18

This firm recently filed with a U.S. Bankruptcy Court’s local court clerk’s office. 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. Read the rest at http://www.washingtonpost.com/business/economy/dc-area-bankruptcy-filing-march-18/2013/03/17/9accb1d4-8ce7-11e2-9f54-f3fdd70acad2_story.html