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Recent filings in the U.S. Bankruptcy Court,...

THE BALTIMORE SUN

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

Feb. 9

Bayanihan Inc., 337 Hospital Drive, Glen Burnie, a.k.a. Bayanihan Shoppe, filed under Chapter 7. Principal: Maurice W. Foote, president. Assets: $5,000; Liabilities: $62,470.16

Char Enterprises Inc., 101 N. Haven St., Baltimore, a paper and janitorial supply wholesaler, filed for protection under Chapter 11. Principal: Michael J. Murray, president. Assets: $74,600; Liabilities: $646,838.98

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

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: 2/15/99

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