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

Bankruptcies

December 21, 1998

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

Dec. 14

2389 Inc.,t/a Hollinswood Inn, 2389 Annapolis Road, filed for protection under Chapter 11. Principal: Kimberly Scardina, managing agent. Assets: more than $100,000; Liabilities: more than $250,000

Regional Restaurant Equipment Co., 9176-L Red Branch Road, Columbia, a commercial kitchen subcontractor, filed for Chapter 11 protection. Principal: Roger D. Meinken, president. Assets and liabilities are more than $1 million each.

Total Package Lounge Inc., 2711 E. Fayette St., Baltimore, filed Chapter 7. Principal: William B. Lovelace, president. Assets: $90,930; Liabilities: $44,201.73

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; H/C: Holding Company; 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: 12/21/98

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