Recent filings in the U.S. Bankruptcy Court, District of Maryland, Baltimore City:
March 5
Barton Arthur George, 871 Roper St., Baltimore, t/a Barts Music Center, filed under Chapter 7. Assets: $86,730.31; Liabilities: $159,579.70
Halcon and Leola M. Brown, 2811 Mount Holly Ave., Baltimore, engaged in a cleaning services operation, jointly filed for adjustment of debts under Chapter 13. Assets: $84,100; Liabilities: $163,100
Sandbox Trucking Inc., 7921 Liberty Circle, Pasadena, filed under Chapter 7. Principal: Troy Oliver-Rand Hawkins, president. Assets: $79,000; Liabilities: $118,415.02
LL Funding Corp., Baltimore, has been petitioned into an involuntary Chapter 7 filing by creditors. Principal: Not listed. Assets and liabilities: n/a
Liberty Lending Inc., Baltimore, was petitioned into an involuntary Chapter 7 filing by creditors. Principal: Not listed. Assets and liabilities: n/a
March 8
Patrick William Vancieci, 1816 Weyburn Road, Baltimore, an individual t/a Deep Down Diving Services, filed for adjustment of debts under Chapter 13. Assets: $140,550; Liabilities: $132,165
March 9
Maria and Harvey Williams Jr., 28809 LQ Powell Road, Marion, engaged in construction carpentry, jointly filed under Chapter 7. Assets: $45,049; Liabilities: $166,340
March 10
Donald M. and Lori J. Allan, 440 Oldfield Point Road, North East, carpentry services, jointly filed under Chapter 7. Assets: $33,582; Liabilities: $711,023
March 11
Michael David and Rebecca Ann Cullinane, 514 Clear Ridge Road, Union Bridge, operating a window cleaning service, jointly filed under Chapter 7. Assets: $347,600; Liabilities: $385,510
Four Star Enterprises L/P, 11700 Coastal Highway, Ocean City, d/b/a Carousel Hotel & Resort Inc., filed for protection under Chapter 11. Principal: Siamak Hamzavi, director. Assets: over $10,000,000; Liabilities: over $1,000,000
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
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: 3/15/99