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

BANKRUPTCIES

September 08, 1998

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

Aug. 28

Gianni Food Concepts Inc., 815 Central Ave., Linthicum, filed for protection under Chapter 11. Principal: John M. Kelly, vice president. Assets: $334,049; liabilities: $1,544,150

Aug. 31

Goblin-SP Inc. 102 Oak Ave., Severna Park, a pizza parlor, filed under Chapter 7. Principal: Ruth Bishop, secretary-treasurer. Assets: $19,000; liabilities: $75,575.

Life Investments Two Inc., 4244 St. Vincent's Drive, Baltimore, filed under Chapter 7. Principal: Malcolm S. Snyderman, president. Assets: $0; liabilities: $3.

Shoreline Health Services Inc., 105 Times Square, Salisbury, d/b/a Waterview Healthcare Center, filed for Chapter 11 protection. Principal: Ernest R. Sines, president. Assets: $580,000; liabilities: $1,284,400

Sept. 3

Gerald and Neva Stansbury, 2136 Mulberry Hill Road, Annapolis, operators of a taxi service, filed for Chapter 13. Assets: $530,405; liabilities: $420,816.

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

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: 9/08/98

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