Recent filings in the U.S. Bankruptcy Court, District of Maryland, Baltimore City:
Patricia Irene Swartz,217 Middle River Road, Baltimore, t/a Twice as Nice, a consignment shop, filed under Chapter 7. Assets: $123,850; Liabilities: $141,113.80
SkyQuest Inc.,an aviation and flight training facility, c/o Suite 4, 111 Warren Road, Cockeysville, filed under Chapter 7. Principal: Hector Vinas, president. Assets: over $50,000; Liabilities: over $550,000
Steven Douglas Morse,1321 Crofton Drive, Bel Air, an independent home improvement contractor, filed under Chapter 7. Assets: $248,301.89; Liabilities: $337,433.29
Michael Virden McGee,8428 Gumboro Road, Pittsville, an independent trucker, filed under Chapter 7. Assets: $118,300; Liabilities: $467,700
J. P. Williams Trucking Inc.,6620 Washington Blvd., Elkridge, filed under Chapter 7. Principal: James P. Williams, president. Assets: $166,000; Liabilities: $181,000
Southdale Photo,6 Mountain Road, Glen Burnie, a.k.a. J&J; McHale Inc. and One Hour Moto Photo, filed under Chapter 7. Principal: Jadwiga McHale, president. Assets: $4,250; Liabilities: $93,280
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
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.