Recent filings in the U.S. Bankruptcy Court, Baltimore...

Bankruptcies

August 02, 1999

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

July 21

John S. & Barbara A. K. Porter, 1202 Sabina Ave., Baltimore, restaurant operators, jointly filed for adjustment of debts under Chapter 13. Assets: $162,812; Liabilities: $254,885.28

July 22

Taste of Tradition Inc., 1 W. Pennsylvania Ave., Towson, t/a The Perking Lot, filed for protection under Chapter 11. Principal: Dennis R. Smith, president. Assets: $36,037.10; Liabilities: $78,391.61

July 23

Laura Natalee Allen, 3010 Wylie Ave., Baltimore, an individual operating a transcription service, filed for adjustment of debts under Chapter 13. Assets: $59,910; Liabilities: $46,700

July 26

Burtonsville Hotel L/P, 9621 Harford Road, Parkville, filed for protection under Chapter 11. Principal: William Ruppert, general partner. Assets: n/a; Liabilities: over $200,000

The Paper & Film Converting Corp., 3020 Nieman Ave., Baltimore, filed for protection under Chapter 11. Principal: James T. Mann, president. Assets: over $500,000; Liabilities: over $2 million

Abbreviations a.k.a.: also known as; c/o: care of; d/b/a: doing business as; t/a: trad ing 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

Common filings under 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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