The following are recent filings in the U.S. Bankruptcy Court, District of Maryland, Baltimore City:
Water World Inc.,Water World Inc., a.k.a. Walt's Water World, 9017 Centreville Road, Easton, a swimming pool and spa dealer, filed for Chapter 7. Principal: Walter Quimby, president. Assets: $24,108.36; liabilities: $239,371.46
Soper Enterprises Inc.,Soper Enterprises Inc., 6320 Falls Road, Mount Washington, filed for Chapter 11 protection. Principal: Michael A. Soper, president. Assets: over $50,000; liabilities: over $100,000
Jandy Inc., Jandy Inc., d/b/a Kiddie Academy of Randallstown, 3609 Milford Mill Road, Randallstown, filed under Chapter 11. Principal: Francis J. Preller, president, Assets: $80,000; liabilities: $118,000
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.