Recent filings in the U.S. Bankruptcy Court, District of Maryland, Baltimore City:
April 26
Excel 17 Inc.,3703 Old Court Road, Pikesville, filed for protection under Chapter 11. Principal: David Elkayam, president. Assets and liabilities are over $50,000 each.
April 27
Eddco Supply Corp.,314 S. Hanover St., Baltimore, filed for Chapter 11 protection. Principal: Elmira E. Wheatley, vice president. Assets: over $100,000; Liabilities: at least $150,000.
April 29
Captain Jim's Seafood,2552 W. Pulaski Highway, North East, filed under Chapter 7.Principal: Robin Farr, partner. Assets: under $50,000; Liabilities: at least $120,000.
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.