The following are recent bankruptcy filings in U.S...


January 11, 1993

The following are recent bankruptcy filings in U.S. District Court in Baltimore.

JAN. 4

* Barry Joseph Henderson, 3408 Terrapin Road, Baltimore. Attorney filed for Chapter 7. Assets: $215,740. Liabilities: $255,165.

* Donald Arthur Krawetzki (t/a Damascus Paint and Rainbow Linens), 1855 Longcorner Road, Mount Airy. Mr. Krawetzki filed for Chapter 7. Assets and liabilities: $100,000-$499,000.

* Cosine Systems Inc. (d/b/a Detail in Design), 9624 Hadleigh Court, Laurel. Interior design company filed for Chapter 7. President: Nabeel N. Mounla. Assets: $810. Liabilities: $169,975.

* Roger Pargan and Sandra Pargan, 548 S. Marilyn Ave., Baltimore. Carpet installation company filed for Chapter 13. Assets: $3,945. Liabilities: $101,405.

JAN. 5

* Robert L. Godwin and Wanda R. Godwin, 393 Catalpa Trail, Crownsville. Limousine service filed for Chapter 7. Assets: $23,000. Liabilities: $70,534.

* Marc David Smith, 1827 North Forest Court, Apt. B, Crofton. Mr. Smith, who was formerly associated in a truck washing business, filed for Chapter 7. Assets: $18,177. Liabilities: $105,637.

JAN. 6

* Clarence Franklin Myers Jr. (C. F. Myers Jr. Trucking), 4033 Lineboro Road, P.O. Box 110, Lineboro. Provider of dump truck services filed for Chapter 11. Assets: $116,908. Liabilities: $220,303.

* Curtis Lavel Beulah and Minnie Lee Beulah, 886 Oxford Ave., Aberdeen. Financial services/insurance sales business filed for Chapter 13. Assets: $132,502. Liabilities: $144,679.

* Frank J. Kelly Jr., 2505 E. Northern Parkway, Apt. 2, Baltimore. Owner of convenience store filed for Chapter 7. Assets: Under $50,000. Liabilities: $50,000-$99,000.

* John Jay Gerding and Paula Loeffler Gerding, 707 Lake Drive, Westminster. Specialty shop owners filed for Chapter 13. Assets: $156,006. Liabilities: $162,120.


The following are the most common types of filings under the 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.

CHAPTER 11 -- Reorganization. Available to all individuals or businesses, this chapter is primarily intended to allow an ongoing business to restructure its debt. A successful reorganization depends on filing a plan and obtaining its approval by creditors and the court.

CHAPTER 13 -- Adjustment of debts of an individual with regular income. This chapter provides a method for individual debtors to repay creditors, in full or in part, over a period of up to five years. It ordinarily involves less than $100,000 in unsecured debt and $350,000 in secured debt.


d/b/a (doing business as) or t/a (trading as): an assumed name person uses for a business instead of the actual business name or one's personal name.

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