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

Bankruptcies

October 26, 1998

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

Oct. 15

New Life Video & Sound Inc., 1782 Merritt Blvd., Dundalk, filed under Chapter 11. Principal: Mark S. Grim, president. Assets: $36,500; Liabilities: $152,824.54

Oct. 16

Lois Ann Muse, 9456 Canterbury Riding, Laurel, an individual engaged in day care service, filed under Chapter 13. Assets: $109,020.61; Liabilities: $138,375.60

Timberwood Construction Inc., home remodeling, 3311 Woodvalley Drive, Pikesville, filed under Chapter 7. Principal: Joel D. Gordon, president. Assets: n/a; Liabilities: at least $140,500

Oct. 19

Reliable Rooter & Plumbing Services, 7982 Honeygo Blvd., White Marsh, filed under Chapter 7. Principal: Robert L. Baselli Jr., president. Assets: none; Liabilities: $80,059.82

Charlotte Justice Litsinger, real estate, 5101 Coastal Highway, Ocean City, filed under Chapter 7. Principal: Charlotte Litsinger. Assets: $1,700; Liabilities: $47,530.79

Airfreight Logistics, 7520 Connelley Drive, Hanover, filed under Chapter 7. Principal, Assets & Liabilities: n/a

Oct. 22

Sucore Inc., 14208 Tridelphia Mill Road, Dayton, t/a T. G.'s Video, filed under Chapter 7. Principal: Conrad Reisinger Sr., president. Assets: $9,295; Liabilities: $81,847.28

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: 10/26/98

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