The following are recent bankruptcy filings in U.S. District Court in Baltimore.
Duffie Franklin Fernandez (Liberty Painting Co.), 821 Stumpf Road, Baltimore. Painter filed for Chapter 7. Assets: N.A. Liabilities: N.A.
Advanced Automotive Inc. (Greff's Automotive), 3333 Frederick Ave., Baltimore. Automobile sales, repair and towing company filed for Chapter 7. Principal: Mario W. Clementoni Jr. Assets: N.A. Liabilities: N.A.
National Vinyl Window Corp., 5800 Belair Road, Baltimore. General home improvement company filed for Chapter 7. Principals: Timothy Frye and Nancy Appelgarth. Assets: $20,000. Liabilities: $152,000.
Wyndemere Farm Inc., 6609 Deer Park Road, Reisterstown. Horse farm filed for Chapter 12. Principal: Cathy G. Meszaros. Assets: $610,700. Liabilities: $512,000.
Dirhl Dunnagan (Burtonsville Photo), 9328 Canterbury Building, Laurel. Photography company filed for Chapter 7. Assets: $100,000 Liabilities: $50,000.
Louisiana Cafe Inc., 34 Market Place, Baltimore. Restaurant filed for Chapter 11. Principal: James Shivers. Assets: $617,000. Liabilities: $181,000.
Stanford L. and Jean B. Chilcoat (Bayside Signs Inc.), 5602 Van Couver Court, Churchton. Sign fabricator filed for Chapter 13. Assets: N.A. Liabilities: N.A.
The following are the most common types of filings under the U.S. Bankruptcy Code.
CHAPTER 7 -- Liquidation. A trustee is appointed to take charge of all the debtor's property, except for certain exceptions allowed in the law. The trustee will sell the remaining property for the benefit of creditors, and unless a creditor objects and is upheld by the court, the debt will be discharged in whole or in part.