The following are recent bankruptcy filings in the U.S. Bankruptcy Court, Eastern District of Maryland in Baltimore City:
Jan. 27
* Somkit Inc., d/b/a Sunshine Deli, 5625 Baltimore National Pike, Catonsville, a restaurant and carryout food operation, filed for Chapter 7. Principal: Somkit Stoebe, president. Assets: $10,040; liabilities $13,847.
* Norman E. Hubbard Jr., a/k/a Norman E. Hubbard, an individual d/b/a Hubbard Auto Sales, 3007 Ocean Gateway, Cambridge, filed for Chapter 7. Assets: $36,083; liabilities: $184,470.97.
* Coastal Insulation, 200 Wise Ave., Essex, filed under Chapter 7. Principal: Edwin J. Hayes Sr., president. Assets: $30,968.27; liabilities: $91,407.04.
Feb. 1
* Service Delivery of Maryland LLC, 2038 York Road, Timonium, a restaurant and food service company, has been involuntarily petitioned to Chapter 7 bankruptcy proceedings by several creditors. Principal: not listed. Assets: n/a; liabilities: at least $12,805.89.
* The Carbo Companies, P.O. Box 539, 112 Stockton Lane, Arnold, has been involuntarily petitioned to Chapter 11 bankruptcy by creditors. Principal: not listed. Assets and liabilities not available.
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The following are the most common types of filings under the U.S. Bankruptcy Code:
CHAPTER 7 -- Liquidation.
CHAPTER 11 -- Reorganization.
CHAPTER 12 -- Agriculture, Family Farm with other income.
CHAPTER 13 -- Adjustment of debts of an individual with regular income.
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a.k.a. (also known as), d/b/a (doing business as), t/a (trading as).
n/a: not available. LLC: limited liability company; L/P: limited partnership. P/A: professional association. P/C: professional corporation.