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Article: For the record

Article from:
Charleston Daily Mail
Article date:
December 20, 2006
Copyright

Bankruptcy filings

The following people in the Daily Mail's circulation area filed petitions in U.S. Bankruptcy Court for the Southern District on Dec. 13, 2006:

* Charles Thomas and Sally Reed Snyder, 1838 Roundhill Terrace, Charleston. Chapter 7. Assets: $85,293. Liabilities: $304,078.

Explanation of petitions: Chapter 7 of the federal bankruptcy code requires the debtor surrender all non-exempted property to a trustee who reduces the property to cash for distribution to creditors. Chapter 11 of the code requires the debtor reorganize his business affairs and propose a plan to pay all or a portion of his debts. The creditors vote to accept or reject the plan. Chapter 13 requires the debtor ...

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