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

Bankruptcies

October 11, 1999

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

Sept. 30

Ponca Street LLC, 307 Eaton St., Baltimore, commercial real estate, filed for protection under Chapter 11. Principal: Ronald D. Jones. Assets: $300,000; Liabilities: $310,000

Oct. 5

Paul A. Hayward, landscaper, 8430 Park Road, Pasadena, filed under Chapter 7. Assets: $137,040; Liabilities: $167,596

Strategic Management Inc., a.k.a. Stephan & Associates, PSG Inc., 7939 Honeygo Blvd., White Marsh, filed for protection under Chapter 11. Principal: Harry Robert Stephan, president. Assets: $828,570; Liabilities: $1,087,872

Oct. 6

Miracle Cleaning Services, 1100 Wicomico St., Baltimore, filed for Chapter 11 protection. Principal: Richard I. Bernhard, controller. Assets: $370,000; Liabilities: $530,000

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.

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: 10/11/99

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