Recent filings in the U.S. Bankruptcy Court, District of Maryland,
July 31
The Regency Corp., 7150 Columbia Gateway Drive, Columbia, a subsidiary of Regency Homes Corp., filed under Chapter 7. Principal: David R. Priddy, vice president. Assets and liabilities more than $50 million each.
Aug. 3
CHS Holding Co., 13 Chesapeake Landing, Annapolis, an investor/holder in U.S. Virgin Islands real estate, filed under Chapter 7. Principal: John W. Steffey Sr., president. Assets: more than $100,000. Liabilities: more than $100 million
TBJ Drywall Inc.,Box 937, Abingdon, filed for Chapter 7. Principal: Edward Pape, president. Assets: $3,477.20. Liabilities: $243,172.52
Aug. 4
Dave G. & Mary B. Richardson, 05 Stockton St., Elkton, jointly and d/b/a D&M; Painting Contractors, filed for adjustment of debts under Chapter 13. Assets: $106,290. Liabilities: $117,225
Hussain Shaw Mazhar, 14-K Reler Lane, Somerset, N.J., d/b/a Merritt Exxon, 1300 Merritt Boulevard, Dundalk, filed under Chapter 7. Assets: $32,000. Liabilities: $595,490.43
Gary Allan & Deborah Ann Comegys, 310 London Ave., Salisbury, d/b/a Naylor Food Mart, filed under Chapter 7. Assets: $154,615. Liabilities: $197,728
Gary William Schlerf, 10216 Bent Creek Road, Ocean City, a contract author, filed for adjustment of debts under Chapter 13. Assets: $395,902. Liabilities: $476,355
Vargas Electronics Inc., 920 Providence Road, Towson, a products distributor, was involuntarily petitioned into a Chapter 7 filing by creditor JACO Electronics Inc. Principal: not listed. Assets: n/a. Liabilities: at least $1,154,012.37
Abbreviations
a.k.a.: also known as; c/o: care of; d/b/a: doing business as; t/a: trading as; n/a: not available; LLC: Limited Liability Company; L/P: Limited Partnership; J/V: Joint Venture; P/A: Professional Association; P/C: Professional Corporation
Definitions
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: 8/10/98