The following are recent filings in U.S. Bankruptcy Court, District of Maryland, Baltimore City:
March 20
* Pearsons Signs Inc., 838 S. Main St., Hampstead filed for protection under Chapter 7. Principal: Herbert E. Shaffer, president. Assets and liabilities under $100,000 each.
March 22
* KLB Inc., t/a Painters Mill Wine & Spirits, filed for Chapter 7. Principal: Kevin Barbalace, president. Assets: $3,700; liabilities: $467,857.44
3' * Technology Integration Inc., 6105
Jerrys Drive, Columbia, filed under Chapter 7. Principal: William Jeansonne, director. Assets: $2,699.60; liabilities: $60,410 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.
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.