Recent filings in the U.S. Bank ruptcy Court, District of...

Bankruptcies

August 23, 1999

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

Aug. 13

Robert M. and Ann M. Toguchi,t/a Little Blessings Childcare 1 & 2, 2972 Jessup Road, Jessup,filed under Chapter 7. Assets: n/a; Liabilities: over $50,000

Aug. 17

Design Concepts Corp.,8100 Stansbury Road, Baltimore, real estate development, filed for protection under Chapter 11. Principal: John A. DiGuilian, president. Assets: $2,500,000; Liabilities: $630,800

Realistic Interiors Consultants Inc.,1019 Cathedral St., Baltimore, filed under Chapter 7. Principal: John Zaucha, president. Assets and liabilities, under $50,000 each.

Aug. 18

Italian Gourmet Foods Corp.,4128-32 Menlo Drive, Baltimore, filed for protection under Chapter 11. Principal: Guiseppe Pulia, president. Assets: n/a; Liabilities: at least $180,000

Aug. 19

MTX International Inc.,5153 Baltimore National Pike, Baltimore, a provider of janitorial services, filed for protection under Chapter 11. Principal: Michael W. Tuck, president. Assets: $201,000; Liabilities: $541,281.19

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

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: 8/23/99

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