Here is a listing of Lancaster County bankruptcies recorded in U.S. Bankruptcy Court, Eastern District of Pennsylvania, Reading, March 8-14.
CARROLL, Kelly J., 100 block of South Walnut Street, Lititz. Chapter 7.
GREEN, Shenetta M., 1300 block of Piney Grove Road, Columbia, S.C. Chapter 7.
HEISER, Ronald, 900 block of Rettewmill Road, Ephrata. Chapter 13.
Under Chapter 7 of the U.S. Bankruptcy Code, a debtor’s belongings are liquidated to pay collectors. Under Chapter 11, the debtor, usually an organization, reorganizes and should pay some collectors. Under Chapter 13, a debtor proposes a compensation plan.