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

Bankruptcies

September 06, 1999

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

Aug. 27

Maryland Automotive Paint & Parts Supply Inc.,ply Inc., 1796 Virginia Street, Annapolis, filed under Chapter 7. Principal: Ronald Hall, president. Assets: under $50,000; Liabilities: at least $250,000

Sept. 1

Precision Welding Service Inc., 1800 S. Clinton St., Baltimore, filed under Chapter 7. Principal: Richard R. Rice Jr. president. Assets: $54,120.63; Liabilities: $520,439.68

Sept. 2

MPPI Physicians LLC, 9601 Pulaski Park Drive, Baltimore, filed under Chapter 11. Principal: Robert A. Edwards, managing member. Assets: $2,500,000; Liabilities: $500,000

Maryland Personal Physicians Inc., 9601 Pulaski Park Drive, Baltimore, filed under Chapter 11. Principal: Robert A. Edwards, managing member. Assets: $14,200,000; Liabilities: $16,000,000

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

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: 9/06/99

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