U.S. Bankruptcy Court filings, Baltimore City:Jan...

Bankruptcies

January 26, 1998

U.S. Bankruptcy Court filings, Baltimore City:

Jan. 12

Nanny's Creations Inc.,1400-B Reisterstown Road, Pikesville, a pet store, filed under Chapter 11. Principal: Jeffrey Eckstein, vice president. Assets: $21,000; liabilities: $46,549.17

Jan. 13

Annapolis Nissan Inc.,2018 West St., Annapolis, auto sales and service, filed for Chapter 11 protection. Principal: Frances Martin Insley, president. Assets: $3,614,581; liabilities: $4,339,133

North East Yacht Sales Inc.,753 Hances Point Road, North East, boat sales and marina, filed under Chapter 11. Principal: Martin D. Gergart, president. Assets: $2,200,000; liabilities: $1,152,928

Jan. 14

Adele Building & Supply Co. Inc.,3050 Deep Valley Drive, Westminster, day care center builder and landlord, filed for Chapter 7. Principal: Adele E. Thomas, president. Assets: over $100,000; liabilities: over $200,000

Jan. 15

B.B.G. Management Co. Inc.,real estate leasing, 2122 St. Paul St., Baltimore, filed under Chapter 7. Principal: Vicki Buckner, president. Assets: none; liabilities: $8,000

Jan. 16

AEG Entertainment Ltd.,160 Bedford Road, Toronto, Ontario, a.k.a. AEG Ltd., a Canadian corporation, incorporated in Ontario March 1, 1994, filed for protection under Chapter 11. Principal: Joel Wagman, president and chairman. Assets: none; liabilities: $3,400,000

Chaos International Inc.,160 Bedford Road, Toronto, Ontario, a Canadian corporation, incorporated in Ontario Nov. 14, 1991, filed for protection under Chapter 11. Principal: Joel Wagman, president and chairman. Assets: none; liabilities: C$103,575.28

Jay E. Gray,3008 Snow Hill Road, Girdletree, individual operating retail pet store, filed for Chapter 13 adjustment of debts. Assets: $70,785; liabilities: $104,416

Nicholas J. Idoni Sr.,landscape maintenance, 306 Princeton Ave., Salisbury, filed under Chapter 7. Assets: $83,320.41; liabilities: $256,464.93

Definitions

The most common types of filings:

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: 1/26/98

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