Recent filings in the U.S. Bankruptcy Court, District of Maryland, Baltimore City:
July 8
Heritage Candle Co. Inc.,9601 Pulaski Park Drive, Baltimore, filed for protection under Chapter 11. Principal: James Bennett, president. Assets: $299,729; Liabilities: $902,321.78
July 12
FJR Enterprises Inc.,11339 York Road, Hunt Valley, t/a PostNet, a postal and business services franchise, filed under Chapter 7. Principal: Frank V. Reesey, president. Assets: $550; Liabilities: $237,410
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.