BANKRUPTCIES Monday, September 16, 2002; Page E09 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. Eastern Virginia District Alexandria Division Sandbox.com Inc. 4904 Majestic La., No. 169, Fairfax, Va. 22033 Type of filing: Chapter 11 reorganization Case number: 02-84448-SSM Date filed: Sept. 6 Attorney: James W. Reynolds, 703-218-2134 Assets: Zero to $50,000 Liabilities: $1,000,001 to $10 million Largest unsecured creditor: 10 East 38th St. Co. LLC, $853,332 contingent, unliquidated Professional Placement Group Inc. 1380 Central Park Blvd., Fredericksburg, Va. 22401 Type of filing: Chapter 7 liquidation Case number: 02-84489-RGM Date filed: Sept. 9 Attorney: Linda D. Regenhardt, 703-848-2828 Assets: $1,475 Liabilities: $551,184 Largest unsecured creditor: ABC Temporaries Inc., $472,500
