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

BANKRUPTCIES

April 28, 1997

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

April 18

Olympic Construction LLC,t/a Olympic Enterprises, home construction and building improvements, 260 Gateway Drive, Bel Air, filed under Chapter 7. Principal: William Sudeck, managing partner. Assets: $5,000; liabilities: $542,581.50

Law Bros. Supply Inc.,wholesale/retail hardware, 7229 Baltimore-Annapolis Blvd., Glen Burnie, filed for Chapter 11 protection. Principal: George C. Law, president. Assets: $100,001; liabilities: $154,663

April 21

B,G&H Inc.,2119 Conowingo Road, Bel Air, operating a restaurant, filed for protection under Chapter 11. Principal: Beverley Genovese, president. Assets: $209,714; liabilities: $153,853

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: 4/28/97

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.