DefinitionsThe most common types of filings under the U.S...

Bankruptcies

February 08, 1999

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.

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

Jan. 29

Kaona O. Taylor hair salon, 16 Nottingham Lane, Berlin, filed under Chapter 7. Assets: $3,545; Liabilities: $30,946

Feb. 4

Vanguard Paving Contracting Inc., 56 Milburn Circle, Pasadena, filed under Chapter 7. Principal: Rory Van Brackel, president. Assets: $42,235; Liabilities: $138,228

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

Pub Date: 2/08/99

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