White House Security Contractor Seeks Ch. 11 Protection

Law360, New York (April 19, 2012, 10:24 PM EDT) -- A Maryland company that provides security services for the White House, the U.S. Air Force and other government agencies filed for Chapter 11 Wednesday and asked a bankruptcy court to let a subcontractor take over its federal contracts on an emergency basis.

TW & Co. Inc. also asked the court to approve a $1 million debtor-in-possession loan from the subcontractor Chenega Integrated Systems LLC to allow it to make payroll for the first half of April.

TW said if the motions, which U.S. Bankruptcy Judge Wendelin...
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