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