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

Bankruptcies

July 19, 1999

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

July 8

Heritage Candle Co. Inc.,9601 Pulaski Park Drive, Baltimore, filed for protection under Chapter 11. Principal: James Bennett, president. Assets: $299,729; Liabilities: $902,321.78

July 12

FJR Enterprises Inc.,11339 York Road, Hunt Valley, t/a PostNet, a postal and business services franchise, filed under Chapter 7. Principal: Frank V. Reesey, president. Assets: $550; Liabilities: $237,410

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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