Recent filings in the U.S. Bankruptcy Court, District of Maryland, Baltimore City:
Oct. 23
Parnon Inc.,t/a Longpoint Restaurant & Bakery, 4730 Mountain Road, Pasadena, filed under Chapter 7. Dietrich A. Paul, president. Assets: more than $50,000; liabilities: $108,652.04
Oct. 24
Petroleum Engineering Co. Inc.,petroleum product sales, 10531 Jones Road, Joppa, filed under Chapter 7. Louise B. Schlogel, vice president. Assets: $188,583; liabilities: $246,169
Randolf E. & Misty Lynn Watson,5083 Orville Ave., Baltimore, jointly d/b/a Randy Watson's Road Service, filed under Chapter 7. Assets: $91,485.23; liabilities: $1,792,825.06
Oct. 27
R&H Properties,Stevenson, filed Chapter 11. H. Keith Fedderman, general partner. Assets: over $1 million; liabilities: over $500,000
Gunther's Leasing Transport,7462 Railroad Ave., Hanover, a trucking and hauling operation, filed for protection under Chapter 11. Cynthia A. Gunther, secretary/treasurer. Assets: $9,000,000; liabilities: $17,553,890.60
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: 11/03/97
