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

Bankruptcies

June 21, 1999

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

June 11

Jemmie & Virna Q. Almuete,1619 Cottage Lane, Towson, independent truck operators, jointly filed under Chapter 7. Assets and liabilities are over $100,000 each.

Dale Cranford,private investigator, 245 Armstrong Lane, Pasadena, filed under Chapter 7. Assets under $50,000; liabilities over $50,000

June 14

Lori Kae Lewman, 7102 Sanner Road, Clarksville, d/b/a Kelori Inc., 2960 Washington Road, Glenwood, filed under Chapter 7. Assets, $11,765; liabilities, $78,652.44

Nasser Q. Mossa, 102 S. Clinton St., Baltimore, self-employed,, filed for an adjustment of debts under Chapter 13. Assets under $50,000; liabilities, $48,100

June 15

Jerry D. & Glenda S. Smith 626 Haven Place, Edgewood, individuals operating a video store,, jointly filed for an adjustment of debts under Chapter 13. Assets, $136,417; liabilities, $234,099

Marguerite A. Lobb, 300 Forest Knoll Drive, Joppa, an independent travel agent, filed under Chapter 7. Assets, $211,270; liabilities, $311,103.03

June 16

Action Signs & Graphics Ltd., 9017 Mendenhall Court, Columbia, filed under Chapter 7. Principal: Sandra Starke, president. Assets, $23,909.37; liabilities, $257,715.25

Oregon Fischbach, 8600 Keller Ave., Stevenson, self-employed, filed under Chapter 7. Assets, $115,171.12; liabilities, $32,710.26

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.

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