The following are recent bankruptcy filings in U.S. District Court in Baltimore.
* Ronald J. Lind and Elizabeth A. Lind, 427 Wheeler School Road, Pylesville. Principals in retail business filed for Chapter 7. Assets: $115,997. Liabilities: $170,502.
* Herman L. Williams Sr. and Charlotte L. Williams, 7307 Campfield Road, Baltimore. Principals in tree service business filed for Chapter 7. Assets: $130,375. Liabilities: $195,737.
* Larry Hicks, 2508 Harford Road, Baltimore. Principal in construction business filed for Chapter 13. Assets: $50,000-99,000. Liabilities: under $50,000.
* Geraldine E. Gizara, 20 Georgetown Court, Annapolis. Massage therapist filed for Chapter 7. Assets: $3,733. Liabilities: $28,834.
* Raymond Lambiasi, 14215 Quail Creek Way No. 107, Sparks. Insurance agent filed for Chapter 13. Assets: under $50,000. Liabilities:
* Miyamoto Columbia Enterprise Inc., 9400 Snowden River Parkway, Columbia. Restaurant filed for Chapter 11. President: Lanny Miyamoto. Assets: $100,000-$499,000. Liabilities: $500,000-$999,000.
* Melvin L. Blizzard Sr. and Judith Ann Blizzard, 1246 Deer Park Road, Westminster. Proprietors of nursing/rest home filed for Chapter 11. Assets: $1,402,081. Liabilities: $539,824.
* McCleary-Franz Co. Inc., 1930 1/2 Greenspring Drive, Timonium. Materials-handling equipment company filed for Chapter 11. President: Gordon T. Franz. Assets: $215,000. Liabilities: $368,000.
* Anthony L. Allen and Linda A. Allen, 3406 Clairborne Way, Abingdon. Principals in child care
services business filed for Chapter 7. Assets: $117,046. Liabilities: $114,494.
CHAPTER 7 -- Liquidation. A trustee is appointed to take charge of all the debtor's property, except for certain exceptions allowed in the law. The trustee will sell the remaining property for the benefit of creditors, and unless a creditor objects and is upheld by the court, the debt will be discharged.
CHAPTER 11 -- Reorganization. Available to all individuals or businesses, this chapter is primarily intended to allow a business to restructure its debt. A successful reorganization depends on filing a plan and obtaining its approval by creditors and the court.
CHAPTER 13 -- Adjustment of debts of an individual with regular income. This chapter provides a method for individual debtors to repay creditors, in full or in part, over a period of up to five years. It ordinarily involves less than $100,000 in unsecured debt and $350,000 in secured debt.
d/b/a (doing business as) or t/a (trading as): an assumed name a person uses for a business instead of the actual business name or one's personal name.