Recent filings in the U.S. Bankruptcy Court, District of Maryland, Baltimore City:
Nov. 29
Dennis Michael Hardee,109 Old Wharf Road, Ocean City, t/a Bay City Masonry, filed for debt liquidation under Chapter 7. Assets: $23,599; Liabilities: $923,965.31
Nov. 30
Alvin N. Burton,48 Boxthorn Road, Abingdon, an insurance broker t/a Assuretek Inc. and as Burton Insurance Group, filed under Chapter 7. Assets: $232,925; Liabilities: $341,213
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.
