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

Bankruptcies

September 22, 1997

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

September 12

Franklin Enterprises,5 Carroll Plaza, Westminster, d/b/a Pearle Vision and as Vision World, filed for protection under Chapter 11. Principal: Frank Robertson, president. Assets: $124,285.16. Liabilities: $490,318.27

September 15

Redmon's Inc.,8226 Baltimore-Annapolis Blvd., Pasadena, an auto salvage operation, has filed for protection under Chapter 11. Principal: Thomas W. Redmon Sr., president. Assets: $351,056.10. Liabilities: $955,546.54

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

Pub Date: 9/22/97

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.

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