Business briefcase

Bankruptcies

CHAPTER 7 LIQUIDATION

Master Foods International LLC, 190 112th Ave. N, Suite 613, St. Petersburg. (04-06649)

Higgins Franchising Inc., 203 S Beverly Ave., Tampa. (04-06881)

CHAPTER 11 REORGANIZATION

Peoples Network Inc., P.O. Box 150, Tampa. (04-06798)

Richard Martin Management Inc., 307 62nd Ave. N, St. Petersburg. (04-06922)

- The listed businesses have filed bankruptcy petitions in U.S. Bankruptcy Court in Tampa. Under the U.S. Bankruptcy Code, Chapter 7 filings are for companies whose assets are being liquidated to pay creditors; and Chapter 11 is for companies seeking to reorganize while under bankruptcy court protection from creditors.