The following are recent filings in U.S. Bankruptcy Court, District of Maryland, Baltimore City:
March 10
* Mason Transportation Inc., a.k.a. Mason Corp., 6408 Arundel Cove Ave., Curtis Bay, a trucking and flatbed service has filed for Chapter 7 protection. Principal: James Mason, president. Assets: $93,095.90; liabilities: $434,135.48
March 13
* Sang Yoon Lee, 400F Quiet Hollow Court, Glen Burnie, a.k.a. Sam Lee, an individual, d/b/a Diamond Photo, filed under Chapter 7. Assets: $13,865; liabilities: $98,408.77
March 14
* Plumbing Parts & Supply Co. Inc. 511C Eastern Blvd., Baltimore, filed under Chapter 7. Principal:
Kerry R. Bonham president. Assets: $15,388.35; liabilities: $112,600.12
* Self Management Inc., 11660 Green Bough Court, Columbia, filed under Chapter 7. Principal: Matthew Flickstein, president. Assets: $425; liabilities: $15,750
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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 Co.; L/P: Limited Partnership. P/A: Professional Association. P/C: Profession Corp.