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

Bankruptcies

November 22, 1999

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

Nov. 12

Torino Holdings Inc., 106 Competitive Goals Drive, Eldersburg, d/b/a EDM Technologies, filed under Chapter 11. Principal: Michael F. Torino, president. Assets: $2,566,155; Liabilities: $3,900,000

Blanton Electric Inc., 7501 New Port Road, Woodbine, filed under Chapter 7. Principal: Thomas Blanton Sr., president. Assets: none; Liabilities: $14,522

Burton Robert Glassner, 304 Highmeadow Road, Reisterstown, t/a Trax Trucking and as Trax Trucking & Logistics, filed under Chapter 7. Assets: $104,828.19; Liabilities: $178,368.60

Nov. 15

Hewitt Enterprises Inc., 1920 Portal St., Baltimore, d/b/a RJ Distributors, Alliance Logistics and as Stylemaster Carpets, filed under Chapter 11. Principal: Douglas Hewitt, president. Assets: $508,482.25; Liabilities: $1,675,942.92

Nov. 16

Bill Kasper, 6-D Jonathon Path, Sparks, t/a BK Golf Inc., filed un- der Chapter 7. Assets: $12,396.23; Liabilities: $73,300.99

Raymond J. Chandler, 908 East Road, Salisbury, an independent landscaper, filed for adjustment of debts under Chapter 13. Assets: $18,825; Liabilities: $7,236

Baum/Rosner Electric Co. Inc., 47 New Plant Court, Owings Mills, filed Chapter 7. Principal, assets and liabilities not listed.

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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