In yesterday's bankruptcy listings, the address for...


In yesterday's bankruptcy listings, the address for James Henry Warfield Sr., t/a Able Appliance Co., was incorrect. The address is 1113 S. East Ave. in Baltimore.

The Sun regrets the errors.

The following are recent bankruptcy filings in U.S. District Court in Baltimore.


* James Henry Warfield Sr. (t/a Able Appliance Co.), 113 S. East Ave., Baltimore. Principal in appliance business filed for Chapter 7. Assets: $44,596. Liabilities: $76,317.


* Montana's Steakhouse & Sports Pub Inc., 810 Beaglin Park Drive, Salisbury. Restaurant filed for Chapter 11. Principals: George L. Ralph Jr., George L. Ralph III and Michael Shawn Ralph. Assets: $102,618. Liabilities: $874,134.


* Arlington Custom Homes Inc., P.O. Box 890, 772 Oak Stump Drive, Millersville. Construction business filed for Chapter 7. President: Nancy Kreller. Assets: $379. Liabilities: $37,071.

* Richard Allen Hubbard, 624 Old Country Road, Severna Park. Manufacturer of architectural aluminium filed for Chapter 7. Assets and liabilities: Under $50,000.


* Carroll Gene Clendaniel and Janice Faye Clendaniel, 915 Duhamel Corner Road, Marydel. Principals in painting and mowing business filed for Chapter 7. Assets: $10,400. Liabilities: $21,607.


The following are the most common types of filings under the U.S. Bankruptcy Code.

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 an ongoing 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 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.

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