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

BANKRUPTCIES

December 28, 1998

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

Dec. 16

Trac Construction Inc., 3520-B Wilkens Ave., Baltimore filed under Chapter 7. Principal: Robert Henneberry, president. Assets: $512,705.74; Liabilities: $495,519.98

L E Realty Inc., 4244 St. Vincent's Drive, Baltimore, filed under Chapter 7. Principal: Malcolm S. Snyderman, president. Assets: none; Liabilities $54,358

L F E No. 1 Inc., 4244 St. Vincent's Drive, Baltimore, filed under Chapter 7. Principal: Malcolm S. Snyderman, president. Assets: none; Liabilities $10

Robert J. Mitchell, 9 Main Sail Drive, Elkton, t/a Mitchells Marina, filed under Chapter 7. Assets: $298,399.94; Liabilities: $389,376.53

Stanley James Development Corp., 5558 Muddy Creek Road, West River, filed for protection under Chapter 11. Principal: James King, president. Assets and liabilities are each over $1 million.

Dec. 17

Hair Clip Inc., 6929 Harford Road, Parkville, a.k.a. Carl's Hairstylist; Hair Clip; Family Hair Cutters and CAT Enterprises of Delaware, filed for Chapter 11 protection. Principal: Carl F. Catlin Jr., president. Assets: $163,213.24; Liabilities: $579,429.44

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: 12/28/98

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.