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

Bankruptcies

January 11, 1999

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

Dec. 31

Laurel Drywall Co. Inc. ,1511 Bear Claw Court, Hanover, a subcontractor, filed under Chapter 7. Principal: William C. Higgins. Assets: $5,000; Liabilities: $61,977

Jan. 5

Hutt Transportation Inc., 28185 Whitehaven Ferry Road, Princess Anne, a poultry hauler, filed under Chapter 7. Principal: Ellwood W. Hutt, Jr. secretary. Assets: $5,000; Liabilities: $8,568.28

Jan. 6

Invest Maryland Corp., 8338 Veterans Highway, Millersville, t/a Buffalo Bill's Restaurant, 7352 Ritchie Highway, Glen Burnie, filed under Chapter 7. Principal: Douglas Seely, president. Assets: over $100,000; Liabilities: over $500,000

Optilink Corp., 116 Ellicott Place, Edgewater, filed for Chapter 7. Principal: Kenneth J. Riedel Jr., president. Assets: $100; Liabilities: $16,000

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: 1/11/99

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