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

Bankruptcies

February 07, 2000

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

Jan. 31

Lewis Coley Jr., 2303 Halcyon Ave., Baltimore, a self-employed mover/hauler, filed under Chapter 7. Assets: over $1 million; liabilities: over $15 million

William Thomas Gabeler, 59 Sandyhook Road, Berlin, a self-employed contractor, filed under Chapter 7. Assets: $1,334.95; liabilities: $35,904.16

A. C. Paint Co. Inc., 5114 Liberty Heights Ave., Baltimore, filed under Chapter 7. Principal: Corsley Edwards, president. Assets: $200; liabilities: $170,751.44

Elco Inc., 9318 Furrow Ave., Ellicott City, d/b/a Ridgeside Cleaners, filed for Chapter 7. Principal: Marion Ellis Jr., president. Assets and liabilities: n/a

Feb. 1

Deborah L. Smith,1020 Harris Mill Road, Parkton, a self-employed individual, filed under Chapter 7. Assets: $322,649; liabilities: $709,181.04

Feb. 2

David H. and Linda A. Samuels, 611 Northgate Road, Aberdeen, delicatessen operators, jointly filed foradjustment of debts under Chapter 13. Assets: $199,061; liabilities: $268,195

City Line Auto Parts Inc., 317 North Point Blvd., Baltimore, filed under Chapter 7. Principal: William M. Derenge II, president. Assets: $2,251; iabilities: $119,434.96

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

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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