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

Bankruptcies

February 01, 1999

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

Jan. 22

Chester Bild Abendschein Jr., 378 Bayard Road, Lothian, a siding subcontractor, filed under Chapter 7. Assets: $6,480; Liabilities: $7,373

Jan. 25

Perry L. & Vada C. DePalmer, 3234 Maiden Lane, Manchester, operating an auto repair business, jointly filed under Chapter 7. Assets: $179,051; Liabilities: $350,299

Julius C. Daugherty Jr.,4509 Maine Ave., Baltimore, an individual operating a law practice, filed for adjustment of debts under Chapter 13. Assets and liabilities are over $50,000 each.

Jan. 27

Tarcha T. Blount, day-care provider, 50 Mainbrook Court, Reisterstown, filed for Chapter 7 bankruptcy. Assets: $3,000; Liabilities: $5,978.75

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: 2/01/99

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