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

Bankruptcies

September 27, 1999

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

Sept. 9

John C. & Cheryl L. Spears,6517 Hazelwood Court, Baltimore, independent truck operators, jointly filed under Chapter 7. Assets: $199,480; Liabilities: $328,049

Sept. 13

Errol Anthony Carthy,4370 Nicholas Ave., Baltimore, an individual, operating as Earl's Auto Repair, filed under Chapter 13. Assets: $66,300; Liabilities: $101,764

David Cameron Kunes,421 Latimer Road, Joppa, a restaurant operator, filed under Chapter 7. Assets: $5,710; Liabilities: $290,086.54

Bouchat Industries Inc.,1405 Knecht Ave., Baltimore, a welding and machine shop, filed under Chapter 11. Principal: Christopher Eric Bouchat, president. Assets: none; Liabilities: $88,321

Lawrence James Marshall,606 Lyndhurst Court, Bel Air, an individual t/a Long Bar Harbor Grocery and as Palancar Inc., filed under Chapter 13. Assets: $147,001; Liabilities: $129,252

Sept. 14

Michael James and Anita Belinda Brown,4730 Dark Star Way, Owings Mills, operating a bookkeeping service, jointly filed under Chapter 7. Assets: $281,652.35; Liabilities: $607,803.85

Sept. 15

Paul Christopher Morton,1533 Langford Road, Baltimore, an independent construction contractor, filed under Chapter 13. Assets and liabilities both under $50,000.

Blake R. Van Leer II,6395 Genoa Road, Tracy's Landing, d/b/a Garnet Inc. and Sportsman Service Center Inc., filed under Chapter 11. Assets and liabilities not available

Sept. 17

Michael John Spafford,5875 Ten Estates Drive, Woodbine, construction contractor, filed under Chapter 7. Assets: $318,038; Liabilities: $508,956

John W. and Penny K. Osborne,11486 Holly Road, Ridgely, independent builders, jointly filed under Chapter 7. Assets: $5,058; Liabilities: $64,556.72

Keith D. and Barbara A. Marvel,29463 Dutchmans Lane, Easton, a.k.a Pete and Marvels Mowing Service, jointly filed under Chapter 7. Assets: $124,694.10; Liabilities: $220,436.73

Sept. 20

Bennie E. Sr. and Mary H. Libick,26314 Shore Highway. Denton, operating a delivery service, jointly filed for adjustment of debts under Chapter 13. Assets: under $50,000; Liabilities: over $50,000

Sept. 21

Mansart Development LLC,1702 Rittenhouse Ave., Baltimore, a real estate developer, filed for protection under Chapter 11. Principal: Michael J. Pomory Sr., managing member. Assets: $325,000; Liabilities: $26,000

Tommy Lee and Irene Cecelia Lawson,827 Mayo Road, Edgewater, home improvement contractors, jointly filed under Chapter 7. Assets: $29,669; Liabilities: $483,794.87

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.

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