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

Bankruptcies

March 02, 1998

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

February 24

Robert F. Mitchell,construction consultant, 10700 Coastal Highway, Ocean City, filed under Chapter 7. Assets: $230,675; Liabilities: $1,175,001.04

Harry James & Victoria E. Ohle,522 Robinson St., Bel Air, jointly operating a tobacco retail shop, filed for adjustment of debts under Chapter 13. Assets: $130,100; Liabilities: $168,097.04

Mark L. Silver,new home construction, 12408 Garrison Forest Ave., Owings Mills, filed Chapter 7. Assets: $340,500; Liabilities: $649,126

Scott B. & Pamela S. Davis,300 School St., Fruitland, operating an auto repair facility and a day care center, respectively, filed under Chapter 7. Assets: $73,796; Liabilities: $77,689

Land & Sea Contracting Inc.,11525 Greenspring Ave., Lutherville, home improvements, filed Chapter 7. Principal: Melinda Cassel, president. Assets: $1,527; Liabilities: $28,130

February 25

Gundry Glass Inc.,2 N. Wickham Road, Baltimore, operating an acute care psychiatric hospital, filed for protection under Chapter 11. Principal: Sheldon D. Glass, president. Assets: $10,230,000; Liabilities: $15,789,216

February 26

L.E. Goodrich & Associates Ltd.,418 Main St., Bel Air, a.k.a, d/b/a & t/a Suburban Builders, filed under Chapter 7. Principal: John E. McBride, president. Assets: $100,918.76; Liabilities: $113,006.30

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: 3/02/98

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