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

BANKRUPTCIES

March 16, 1998

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

March 9

Bay City Body Shop Inc. 1994 Moreland Parkway, Annapolis, filed under Chapter 7. Principal: Donald H. Bone Sr. Assets: $100; liabilities: $51,369

Frances Leonice Dean, 13200 Holly Road, Greensboro, an individual operating a seafood and beverage retail store, filed for adjustment of debt under Chapter 13. Assets: $71,524; liabilities: $29,918.91

March 10

Never Satisfied LLC, 4835 Riverside Drive, Galesville, a real estate holding and management firm, a.k.a Steamboat Landing Restaurant, filed for protection under Chapter 11. Principal: Lititia A. Gordon, president. Assets: under $50,000; liabilities: $535,921.44

Eloise Locke & Cera Parker, real estate, 2419 W. Lafayette Ave., Baltimore, filed for Chapter 11 protection. Assets: over $500,000; liabilities: over $100,000

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: 3/16/98

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