Recent filings in the U.S. Bankruptcy Court, District of Maryland, Baltimore City:
George E. Phippin Inc. 205 Bradley St., Hebron, a.k.a. Phippin Hardware & Cabinet Shop, a residential homebuilder, filed for protection under Chapter 7. Principal: George E. Phippin, president. Assets: $25,000; liabilities: $173,091.74
Belvedere Seafood, 7901 Oceano Drive, Jessup, a wholesale seafood house, filed for Chapter 7. Principal: Charles Plitt, president. Assets: $264,588; liabilities: $768,439
The Green Thumb Outlet, 214 Country Day Road, Chester, a provider of landscape services and products, filed under Chapter 11. Principal: Barbara S. Gregory, president. Assets: $50,000; liabilities: $300,000
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
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.
Pub Date: 8/05/96