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

Bankruptcies

November 03, 1997

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

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