On August 21, 2018 at 10:00 AM in United States Bankruptcy Court, District of Maryland in Court Room 3-C located at 6500 Cherrywood Lane, Greenbelt, MD 20770 Federal Judge Wendelin I. Lipp will hear case number 18-18061, the Chapter 11 Bankruptcy of Fort Howard Development LLC, the Veterans Administration Enhanced Use leaseholder of the Fort Howard Veterans Hospital property in Fort Howard, Maryland 21052.
In contrast to Chapter 7 bankruptcy filing where debtor’s assets are sold off to pay the creditors, in Chapter 11 bankruptcy filing, the debtor ( in this case Fort Howard Development LLC ), negotiates with creditors without having to liquidate (sell off) assets.
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