Here is a list of Lancaster County bankruptcies recorded in U.S. Bankruptcy Court, Eastern District of Pennsylvania, Reading, Aug. 16-22.
ESHLEMAN, Matthew J., 100 block of Spring Street, Mountville. Chapter 7.
PAYNE, Shawn M. and Andrea L., 100 block of Main Street, Denver. 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.