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

Bankruptcies

July 06, 1998

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

June 30

Garry Matthew & Jennifer Lynne Monck, 16 White Willow Court, Owings Mills, jointly operating a tanning salon business in Prince George's County, filed under Chapter 7. Assets: $14,882; Liabilities: $233,050.34

Jacqueline Padovana, massage therapy, 109 Spruce Woods Court, Abingdon, filed under Chapter 7. Assets: $8,407; Liabilities: $29,505

Curry Mitchell, 129 Klee Mill Road, Sykesville, independent sales, filed for adjustment of debts under Chapter 13. Assets: $188,454; Liabilities: $192,440.30

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: 7/06/98

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