Recent filings in the U.S. Bankruptcy Court, District of Maryland, Baltimore City:
Chesapeake Auto Sales Inc., 728 E. Pulaski Highway, Elkton, filed under Chapter 7. Principal: James D. Smith, president. Assets: $335,604.55. Liabilities: $908,258.85
5818 Hillen Corp., 5818 Hillen Road, Baltimore, filed for protection under Chapter 11. Principal: Kyung Ja Park, president. Assets: more than $100,000. Liabilities: $52,000
William Robert Powell, 3850 Terka Circle, Randallstown, t/a Olympic Realty, filed for protection under Chapter 11. Assets: $733,080. Liabilities: $727,875.09
United Enterprises Inc., 1818 Woodlawn Drive, Woodlawn, d/b/a Quick Start Mini Mart, has filed for Chapter 11 protection. Principal: Nasar Hakim, president. Assets: less than $50,000. Liabilities: $288,039
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
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: 8/24/98