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

Bankruptcies

September 21, 1998

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

Sept. 11

John E. Masciarelli, 1617 Millstone, Edgewater, an independent construction contractor, filed under Chapter 7. Assets: $96,080; liabilities: $88,830

Seekin Enterprises Inc., 531 Baltimore Pike, Bel Air, t/a Mail Boxes Etc. (#2627), filed under Chapter 7. Principal: Bernard Seebode, president. Assets: $3,250; liabilities: $223,037

Sept. 16

Video King Inc., 505 Blue Ball Road, Elkton, retail sales and rental and d/b/a Video Liquidations, Movie King and Popular Furniture Warehouse, filed under Chapter 11. Principal: Louis Carletti, vice president. Assets: $767,923; liabilities: $1,045,818.13

Grevco Inc., 3415 Hidden River View Road, Annapolis, engaged in manufacture and sales of multimedia langua, filed under Chapter 7. Principal: Charles A. B. Feldman, president. Assets: $24,785.34; liabilities: $311,674.78

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: 9/21/98

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