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

Bankruptcies

January 18, 1999

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

Jan. 7

Dennis & Terry Gheen,942 Winding Road, Edgewater, tree service operators, jointly filed under Chapter 7. Assets: $112,235; Liabilities: $125,375

Shane C. Spain Inc.,8205 Harmon Landing Road, Snow Hill, a.k.a. S.C. Spain Inc. and d/b/a College Avenue Food Mart, filed under Chapter 7. Principal: Shane C. Spain, president. Assets: under $50,000; Liabilities: over $100,000

Jan. 8

William Robert and Karen Arleen Hairfield, field, 5104 Windemere Circle, Baltimore, engaged in the sale of consumer information, jointly filed under Chapter 7. Assets: $130,060; Liabilities: $155,395

Eldersburg Golf Center Inc.,438 Old Liberty Road, Eldersburg, filed for protection under Chapter 11. Principal: Joseph M. Long, president. Assets: $144,302; Liabilities: $276,399

Jan. 13

Salvatore Consentino,106 Winchester Drive, Elkton, a subcontractor, filed under Chapter 7. Assets: $33,520; Liabilities: $94,819.41

D. Seth Minso,a funeral service coordinator, 1118 St. Paul St., Baltimore, filed under Chapter 7. Assets: $9,875; Liabilities: $45,811

GBI Land LLC,704 Henderson Road, Bel Air, filed under Chapter 7. Principal: Christopher Bruneau, director. Assets: $636,000; Liabilities: $288,000

GBI Homes LLC,704 Henderson Road, Bel Air, filed under Chapter 7. Principal: Christopher Bruneau, director. Assets: $100; Liabilities: $531,497.77

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: 1/18/99

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