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

BANKRUPTCIES

June 01, 1998

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

May 22

Columbia Computer Supplies Inc., 5210 Harpers Farm Road, Columbia, filed under Chapter 7. Principal: David Mason, stockholder. Assets: none; Liabilities: $124,242.16

L.S.P. LLC, 4851 Riverside Drive, Galesville, filed for protection under Chapter 11. Principal: Letitia A. Gordon. Assets: $350,000; Liabilities: over $350,000

May 27

Country Club L/P, 9391 Davis Ave., Laurel, real estate and trailer park operators, filed for Chapter 11 protection. Principal: John Martin, president. Assets: $2,906,109; Liabilities: $1,647,385.03

Abbreviations

a.k.a.: also known as; c/o: care of; 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: 6/01/98

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