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

Bankruptcies

June 28, 1999

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

June 18

Riverside Shellfish Co. Inc., 1019 Eastern Shore Drive, Salisbury, a.k.a. Riverside Seafood, filed under Chapter 7. Principal: John Gregory Cox, president. Assets: $6,500; Liabilities: $33,285.90

June 21

Denise I. Wright, 1227 Winston Ave., Baltimore, operating a bookstore, filed under Chapter 7. Assets: under $50,000; Liabilities: over $100,000

Kurzweil Inc., 1100 Westminster Pike, Reisterstown, d/b/a Reister's Desire and a.k.a. Reister's Country Inn, filed for protection under Chapter 11. Principal: Steve Kurzweil, president. Assets: $97,699; Liabilities: $619,112.15

Steve & Devon Inc., 1100 Westminster Pike, Reisterstown, filed for protection under Chapter 11. Principal: Steve Kurzweil, president. Assets: $600,000; Liabilities: $527,590

June 22

V & S Restaurants, Inc.,101 Marlboro Ave., Easton, filed for Chapter 7. Principal: William C. Vincent, president. Assets: $23,485.44; Liabilities: $448,341.43

June 23

BTB Enterprises Inc., 6400 Baltimore National Pike, Catonsville, filed for protection under Chapter 11. Principal: Harrelle Felipa, president. Assets and liabilities were not provided.

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: 6/28/99

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