Here is a list of Lancaster County bankruptcies recorded in U.S. Bankruptcy Court, Eastern District of Pennsylvania, Reading, Jan. 2-8.
BAIDY, Michelle M., 2200 block of Bob White Lane. Chapter 13.
FREY, Clayton S., 1400 block of Stonemill Drive, Elizabethtown. Chapter 13.
HIPP, Ryan M., 100 block of West Market Street, Marietta. Chapter 7.
JOHNSON, Jerry, first block of Locust Street. Chapter 13.
LUKACH, Diane Marie, 100 block of North Lime Street. Chapter 7.
TOULOUMIS, Kyriakos, first block of Oxford Village. Chapter 7.
Under Chapter 7 of the U.S. Bankruptcy Code, a debtor’s assets are liquidated to pay creditors. Under Chapter 11, the debtor, often a company, reorganizes and may pay some creditors. Under Chapter 13, a debtor proposes a repayment plan.
