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

Bankruptcies

August 09, 1999

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

July 22

Preston Trucking Co. Inc.,151 Easton Blvd. Preston, filed for protection under Chapter 11. Principal: David Letke, president. Assets: over $50 million; Liabilities: over $10 million

Stephen L. Hitt, 5580 Norrisville Road, White Hall, operating a machine shop, has filed under Chapter 7. Assets: $4,900; Liabilities: $101,734

Tapples Ltd., 6408 Baltimore National Pike, Catonsville, t/a T. Appleschmidt's Pub, has filed for Chapter 11 protection. Principal: Robert Townshend, president. Assets: $195,000; Liabilities: $151,120.10

Aug. 2

Jerry W. Jackson, 4311 Bonfield Court, Oxford, a provider of computer graphics, d/b/a Bridge Inc. and as Worry-free.net, filed under Chapter 7. Assets: $12,293; Liabilities: $136,228.49

Aug. 3

Michael Blickman, 3407 Eastern Ave., Baltimore, t/a Games R Us, filed for protection under Chapter 11. Assets: none; Liabilities: $53,316

Aug. 4

Phil Ho & Mijong Ahn, 912 Evergreen Road, Severn, dry cleaners d/b/a Dry Clean Express, jointly filed under Chapter 7. Assets: $181,820; Liabilities: $796,654

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

Definitions

The most common types of bankruptcy filings:

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: 8/09/99

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