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

Bankruptcies

March 10, 1997

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

March 3

Park Avenue Venetian Blinds Inc.,1451 Clairidge Road, Woodlawn. filed for Chapter 7. Principal: Dennis W. Shewbridge, president. Assets: None; Liabilities: $16,458

Jay E. Gray,3008 Snow Hill Road, Girdletree, retail pet shop, has filed for adjustment of debts under Chapter 13. Assets: $94,601; Liabilities: $124,351

March 4

Leonard Weatherstein,video rentals, 4012 Timothy Drive, Abingdon, has filed for Chapter 7. Assets: under $50,000; Liabilities: over $50,000

Z A K LLC,7111 North Point Road, Sparrows Point, t/a Maria's Carry Out, filed under Chapter 7. Principal: Zinon Kastanaras. Assets: $92,500; Liabilities: $405,000

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: 3/10/97

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