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

Bankruptcies

February 21, 2000

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

Feb. 11

William P. and Frances M. Duncan,302 Dega Lane, Pasadena, hair salon operators, jointly filed under Chapter 7. Assets: $84,470; liabilities: $163,552

Feb. 14

Subtime Inc.,12085 Sommerset Ave., Princess Anne, a.k.a.: Andy's Pizza & Sub Shop and as Ricky & Nancy Michael t/a Subtime Inc., filed under Chapter 7. Principal: Nancy L. Michael. Assets: $9,803.25; liabilities: $20,825.87

William Charles Beer Jr.,623 S. Wolfe St., Baltimore, t/a WC Home Improvements, filed for adjustment of debts under Chapter 13. Assets: $116,850; liabilities: $136,100

Feb. 15

Bounds & Slade Inc.,8450 Baltimore National Pike, Ellicott City, t/a E. C. Hemingway's, a restaurant, filed for protection under Chapter 11. Principal: Vickie Murphy, manager. Assets: $20,000; liabilities: $350,000

Shannon Wade Miller,744 Warfieldsburg Road, Westminster, d/b/a Mudslinger Construction, filed for adjustment of debts under Chapter 13. Assets: $249,250; liabilities: $17,200

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

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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