Recent filings in the U.S. Bank ruptcy Court, District of Maryland, Baltimore City:
Aug. 13
Robert M. and Ann M. Toguchi,t/a Little Blessings Childcare 1 & 2, 2972 Jessup Road, Jessup,filed under Chapter 7. Assets: n/a; Liabilities: over $50,000
Aug. 17
Design Concepts Corp.,8100 Stansbury Road, Baltimore, real estate development, filed for protection under Chapter 11. Principal: John A. DiGuilian, president. Assets: $2,500,000; Liabilities: $630,800
Realistic Interiors Consultants Inc.,1019 Cathedral St., Baltimore, filed under Chapter 7. Principal: John Zaucha, president. Assets and liabilities, under $50,000 each.
Aug. 18
Italian Gourmet Foods Corp.,4128-32 Menlo Drive, Baltimore, filed for protection under Chapter 11. Principal: Guiseppe Pulia, president. Assets: n/a; Liabilities: at least $180,000
Aug. 19
MTX International Inc.,5153 Baltimore National Pike, Baltimore, a provider of janitorial services, filed for protection under Chapter 11. Principal: Michael W. Tuck, president. Assets: $201,000; Liabilities: $541,281.19
Abbreviations
a.k.a.: also known as; c/o: care of; d/b/a: doing business as; t/a: trad-ing 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: 8/23/99