Recent filings in the U.S. Bankruptcy Court, District of...

Bankruptcies

February 03, 1997

Recent filings in the U.S. Bankruptcy Court, District of Maryland, Baltimore City:

Jan. 22

James Charles, 3-J Hazy Dawn Court, Cockeysville, an individual operating an auto repair service, filed for adjustment of debts under Chapter 13. Assets: $17,930; liabilities: $21,300

George R. and Leanne M. Dulin, 51 Waterford Road, Millersville, jointly operating a lawn care service, filed for adjustment of debts under Chapter 13. Assets: $144,200; liabilities: $104,025.69

Jan. 23

William G. and Vera E. Metzger, 421 Lime Landing Road, Millington, operating as an electrical contractor, filed under Chapter 7. Assets: $175,490; liabilities: $241,348

James and Michelle L. Wellman, 856 North Shore Drive, Glen Burnie, jointly operating an auto repair service, filed under Chapter 7. Assets: $3,452; liabilities: $37,062

Kelly Insurance Services, Box 42049, Towson, filed under Chapter 7. Principal: Charles Kelly, president. Assets: under $50,000; liabilities: over $370,000

Jan. 24

Giuseppe & Vita Inc., 9608 Trepid Road, Baltimore, d/b/a Soap City laundromats, filed under Chapter 7. Principal: Giuseppe Montalto, president. Assets: $22,575; liabilities: $363,877.25

Charles J. Cortina Jr., construction, framing and roofing, 702-A Old Stage Road, Glen Burnie, filed for protection under Chapter 11. Assets: under $50,000; liabilities: over $100,000

Abbreviations

a.k.a.: also known as; d/b/a: doing business as; t/a: trading as; n/a: not available; 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: 2/03/97

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.