Recent filings in the U.S. Bankruptcy Court, District of Maryland, Baltimore City:
Laurel Drywall Co. Inc. ,1511 Bear Claw Court, Hanover, a subcontractor, filed under Chapter 7. Principal: William C. Higgins. Assets: $5,000; Liabilities: $61,977
Hutt Transportation Inc., 28185 Whitehaven Ferry Road, Princess Anne, a poultry hauler, filed under Chapter 7. Principal: Ellwood W. Hutt, Jr. secretary. Assets: $5,000; Liabilities: $8,568.28
Invest Maryland Corp., 8338 Veterans Highway, Millersville, t/a Buffalo Bill's Restaurant, 7352 Ritchie Highway, Glen Burnie, filed under Chapter 7. Principal: Douglas Seely, president. Assets: over $100,000; Liabilities: over $500,000
Optilink Corp., 116 Ellicott Place, Edgewater, filed for Chapter 7. Principal: Kenneth J. Riedel Jr., president. Assets: $100; Liabilities: $16,000
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; H/C: Holding Company; LLC: Limited Liability Company; L/P: Limited Partnership; J/V: Joint Venture; P/A: Professional Association; P/C: Professional Corporation
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: 1/11/99