DefinitionsThe most common types of filings under the U.S...

Bankruptcies

October 04, 1999

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.

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

Sept. 23

Victor F. Fernandez Sr.,240 S. Wolfe St., Baltimore, an individual home improvement contractor, filed for an adjustment of debts under Chapter 13. Assets: $24,250; Liabilities: $47,150

East Coast Herbals Inc.,200 W. Padonia Road, Timonium, t/a Old Hickory Galleries, filed for protection under Chapter 11. Principal: Joseph Paul Cala, president. Assets: over $100,000;Liabilities: over $500,000

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; P/C: Professional Corporation

Pub Date: 10/04/99

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