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

Bankruptcies

November 02, 1998

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

Oct. 23

Cherson Tile Co. Inc.,1839 Bayside Beach Road, Pasadena, tile setters, filed for Chapter 7. Principal: Coulette Emerson, president. Assets: $15,020; Liabilities: $33,850

Oct. 27

Allan Joseph,4021 Greenmount Ave., Baltimore, an individual d/b/a Allan J. Auto Repair, filed for adjustment of debts under Chapter 13. Assets and liabilities under $50,000 each.

Oct. 28

Michael A. III & Charlene A. Noppenbergerger gifts and collectibles, 700 Bayberry Road, Edgewood, jointly filed for adjustment of debts under Chapter 13. Assets: $95,525; Liabilities: $101,126

Oct. 29

Faith Temple Church Inc.,416 Patterson Avenue, Salisbury, t/a Kids-R-Us (day-care center), filed for protection under Chapter 11. Principal: Rev. James Eure, pastor-trustee. Assets: $196,800; Liabilities: $78,800

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

Definitions

rTC

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: 11/02/98

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