Bankruptcies

BANKRUPTCIES

July 10, 2000

June 30

Design Internationale-RMI Inc., c/o Sunterra Corp., 1781 Center Drive, Orlando, Fla., filed for protection under Chapter 11. Principal: Charles C. Frey, president. Assets and liabilities are over $100 million each.

July 3

Paul Seipp, 90 4th St., Lothian, a self-employed construction contractor, filed under Chapter 7. Assets: $5,463; liabilities: $116,881

Houston Transportation Services Inc., 8818 Sigrid Road, Randallstown, filed under Chapter 7. Principal: Augustus Houston, president. Assets: $1,500; liabilities: $74,545.44

July 5

Clarence Odest Marshall, 3625 Marriotts Lane, Woodlawn, an independent truck operator, filed under Chapter 13 for adjustment of debts. Assets: $110,403; liabilities: $99,201.74

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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