The following are recent bankruptcy filings in U.S. District Court in Baltimore.
* Kerry V. Griffith, 8307 Bay Side Road, Chesapeake Beach. Managing executive of a carpet cleaning corporation filed for Chapter 7. Assets: $101,914.91. Liabilities: $202,761.62.
* Nu-Vue Auto Glass Inc., 8838 Orchard Tree Lane, Towson. Automobile glass repair and installation company filed Chapter 7. President: Harald B. Johnson. Assets: $700. Liabilities: $141,826.06.
* Osteo-Technology International Inc., 10 W. Aylesbury Road, Baltimore. Creditors placed company into involuntary Chapter 7. Assets: N/A. Liabilities: N/A.
* Thomas L. Swartz Jr., 7054 Maple Court, Easton. Self-employed contractor filed Chapter 7. Assets: $3,668.00. Liabilities: $18,738.99.
* Lewis C. Hibbs Jr., 1714 Sulgrave Ave, Baltimore. Principal of Lewis C. Hibbs Remodeling & Design, a remodeling company, filed Chapter 7. Assets: $2,805. Liabilities: $249,412.63.
* U.S. International Service Corp., t/a U.S. Furniture, 26 Mountain Road, Glen Burnie. Furniture company filed Chapter 11. President: Imid M. Abu-Rumman. Assets: $50,000-$99,000. Liabilities: $100,000-$499,000.
* Harbor Photo & Marine Accessories L.P., 201 Pratt St., Baltimore. Photographic and marine-related products retailer filed Chapter 11. General Partner: Samuel S. Attenberg. Assets: under $50,000. Liabilities: $50,000-$99,000.
* Dennis William Baldwin, d/b/a D&W Trucking, 8805 Blairwood Road, Baltimore. Principal in transportation company filed for Chapter 7. Assets: $22,172. Liabilities: $52,557.
* Paul Richard Neuman, 165 Windward Passage, Edgewater. Insurance broker filed for Chapter 13. Assets: N/A. Liabilities: N/A.
* Matthew K. Clarke, 2356 Baltimore St., Baltimore. Sales manager for real estate company filed Chapter 7. Assets: $270,995. Liabilities: $278,508.44.
* Paiswell Bakery Inc., t/a Paiswell Bakery, 6711 Reisterstown Road,
Baltimore. Bakery filed Chapter 11. Principal: Alexander Pais. Assets: $113,617.21. Liabilities: $126,121.23.
* 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.
CHAPTER 11 -- Reorganization. Available to all individuals or businesses, this chapter is primarily intended to allow a 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 a person uses for a business instead of the actual business name or one's personal name.