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Business

Bankruptcies

Pennsylvania Fairmount Properties NJ L.L.C., 123 S. Broad St., Ste. 1250, Philadelphia; Chapter 11; no schedules available. David Russell General Contractor Inc., 139 S. Clearview Ave., Langhorne; Chapter 7; no schedules available.

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Pennsylvania

Fairmount Properties NJ L.L.C., 123 S. Broad St., Ste. 1250, Philadelphia; Chapter 11; no schedules available.

David Russell General Contractor Inc., 139 S. Clearview Ave., Langhorne; Chapter 7; no schedules available.

Phoenix Investment Properties Inc. doing business as Sophos Investment Properties Inc., 2066 Welsh Valley Rd., Phoenixville; Chapter 11; no schedules available.

Barry's Aramingo Inc., 2330 Aramingo Ave., Philadelphia; Chapter 11; no schedules available.

MRC Acquisition L.L.C., 2325 Maryland Rd., Willow Grove; Chapter 7; no schedules available.

New Jersey

J&J Electric Inc., 70 Monet Dr., Mays Landing; Chapter 7; Assets, $27,650.; Liabilities, $197,721.

P&M Industries Inc., Box 520, Thorofare; Chapter 11; Assets, $964,121.52; Liabilities, $1,547,133.13.

Signature Collision Inc., 531 Route 168, Turnersville; Chapter 7; Assets, $156,001.76; Liabilities, $354,991.70.

Bankruptcy definitions: Chapter 7, debtor sells assets in return for discharge of debts. Chapter 11, debtor reorganizes under court supervision. Chapter 13, debtor arranges plan to repay debt.

SOURCES: Legal Intelligencer, U.S. Bankruptcy Court for the District of New Jersey.

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