Recent filings in the U.S. Bankruptcy Court, District of Maryland

Sept. 11

John E. Masciarelli, 1617 Millstone, Edgewater, an independent construction contractor, filed under Chapter 7. Assets: $96,080; liabilities: $88,830

Seekin Enterprises Inc., 531 Baltimore Pike, Bel Air, t/a Mail Boxes Etc. (#2627), filed under Chapter 7. Principal: Bernard Seebode, president. Assets: $3,250; liabilities: $223,037

Sept. 16

Video King Inc., 505 Blue Ball Road, Elkton, retail sales and rental and d/b/a Video Liquidations, Movie King and Popular Furniture Warehouse, filed under Chapter 11. Principal: Louis Carletti, vice president. Assets: $767,923; liabilities: $1,045,818.13

Grevco Inc., 3415 Hidden River View Road, Annapolis, engaged in manufacture and sales of multimedia langua, filed under Chapter 7. Principal: Charles A. B. Feldman, president. Assets: $24,785.34; liabilities: $311,674.78

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: 9/21/98