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The Washington Business Journal offers a weekly roundup of bankruptcy filings in the region based on public records collected by parent company American City Business Journals.

During the weeks that ended Oct. 23, Washington-area bankruptcy courts recorded five business filings, all with total debt below $1 million.

Year to date through Oct. 23, the court recorded 99 Chapter 7 or Chapter 11 business bankruptcy filings, a 24% decrease from the same span the prior year. Chapter 7 bankruptcy protection typically provides for the liquidation of a business’ assets to satisfy creditor claims, while Chapter 11 protection enables a business to restructure its creditor obligations with the goal to remain a going concern.

Elite Tour Travel Club LLC filed for voluntary Chapter 11 bankruptcy protection Oct. 12, 2020, in the District of Maryland.

The debtor listed an address of 5833 Allentown Way in Temple Hills, and is represented in court by attorney Jason E. Miles. Elite Tour Travel Club LLC…

Read the full story from the Washington Business Journal.

News Source: wtop.com

Tags: business

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Dak Prescott with touch Instagram tribute to Markus Paul

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Dallas Cowboys quarterback Dak Prescott took to Instagram for a sweet post paying tribute to the late Markus Paul.

© Provided by Touchdown Wire

The Cowboys’ strength and conditioning coach passed away Wednesday after suffering a medical episode while at work Tuesday morning.

Prescott wrote:

Thank you for Everything Coach! I’ll never understand this one, But you taught me so much and provided so many laughs I’m forever thankful for and will never forget. Like Your great friend @coachtomshaw told me, when you go to the garden to pick flowers, You always go and pick the best and the brightest. Same as our Lord.

Until Next Time Peanut! Love you Coach ✊????

 

https://www.instagram.com/p/CIDa2d7MnOB

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