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

BANKRUPTCIES

November 29, 1999

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

Nov. 17

Patricia Irene Swartz,217 Middle River Road, Baltimore, t/a Twice as Nice, a consignment shop, filed under Chapter 7. Assets: $123,850; Liabilities: $141,113.80

SkyQuest Inc.,an aviation and flight training facility, c/o Suite 4, 111 Warren Road, Cockeysville, filed under Chapter 7. Principal: Hector Vinas, president. Assets: over $50,000; Liabilities: over $550,000

Nov. 18

Steven Douglas Morse,1321 Crofton Drive, Bel Air, an independent home improvement contractor, filed under Chapter 7. Assets: $248,301.89; Liabilities: $337,433.29

Nov. 19

Michael Virden McGee,8428 Gumboro Road, Pittsville, an independent trucker, filed under Chapter 7. Assets: $118,300; Liabilities: $467,700

Nov. 22

J. P. Williams Trucking Inc.,6620 Washington Blvd., Elkridge, filed under Chapter 7. Principal: James P. Williams, president. Assets: $166,000; Liabilities: $181,000

Nov. 23

Southdale Photo,6 Mountain Road, Glen Burnie, a.k.a. J&J McHale Inc. and One Hour Moto Photo, filed under Chapter 7. Principal: Jadwiga McHale, president. Assets: $4,250; Liabilities: $93,280

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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