Guitar Center Plans to File for Chapter 11 Bankruptcy

California-based Guitar Center plans to file for Chapter 11 bankruptcy, according to the company. The plan was revealed as part of a press release announcing a Restructuring Support Agreement with creditors that includes a new $165 million equity investment. The company operates about 300 stores across the country, including seven in the Washington, D.C. area.

Silver Spring Company Closes on $17 Million Funding Round

Truebill, a Silver Spring financial services company founded by three brothers who attended Montgomery Blair High School, today announced the company has closed on a $17 million Series 3 round of funding. The funding was led by Bessemer Venture Partners, with existing investors Eldridge Industries, Cota Capital, Firebolt Ventures, and Day One Ventures participating as well. This round brings the total amount the company has raised to $40 million.

Dentists of Silver Spring Opens in Blair Park Shopping Center

Dentists of Silver Spring has opened at 1286 East-West Hwy. in the Blair Park Shopping Center at the intersection of Colesville Road and East-West Highway. The office, owned by Dr. Chessia Thomas, D.D.S, is the first supported dental practice of Pacific Dental Services in Maryland, according to PDS. PDS, which was founded in 1994 and is based in Irvine, Calif. supports more than 800 dental practices in 22 states.