March 2 Freedom Associates L/P, 610 Cathedral St...

BANKRUPTCIES

March 13, 2000

March 2

Freedom Associates L/P, 610 Cathedral St., Baltimore, filed for protection under Chapter 11. Principal: Morton Sarubin, general partner.Assets and liabilities are more than $1 million each.

March 6

Robert & Barbara Nachman, 7463 Hickory Log Circle, Columbia, retail store operators, jointly filed under Chapter 7. Assets: $104,410.54; liabilities: $607,516.33

March 8

Spurs Two Inc., 10383 Waverly Woods Drive, Ellicott City, d/b/a: Quizno's Classic Subs, 66 E. Main St., Westminster, filed under Chapter 7. Principal: Freddy Ray Spurlock, president. Assets: $50,750; liabilities: $102,573.28

Abbreviations

a.k.a.: also known as; c/o: care of; d/b/a: doing business as; t/a: trading 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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