Lexington Park is a census-designated place (CDP) in St. Mary's County, Maryland, United States, and the principal community of the Lexington Park, Maryland Micropolitan Statistical Area. The population was 11,021 at the 2000 census. The community came into being with the establishment of the Patuxent Naval Air Station during World War II, and was named for the recently sunk USS Lexington aircraft carrier. Prior to this Lexington Park was called "Jarbosville". John Glenn, Alan Shepard, and many noted astronauts trained there. In 1977 the Governor Thomas Johnson Bridge spanning the Patuxent River linked the area to Calvert County and Solomons, Maryland. In recent years several aerospace and high-tech companies have located in the area bringing additional jobs. Shopping Centers along Maryland Route 235 ("Three Notch Road") and Great Mills Road have many department stores. Area students attend Great Mills High School. Nearby, Dashiell Hammett, noted novelist, was born on May 27, 1894. Lexington Park in seaside St. Mary's County is one of the nation's fastest-growing "micropolitan" areas, expanding by 14.6 percent since 2000, largely on the strength of military growth. The county population may hit 100,000 next year if it continues at last year's 2.1 percent growth rate. In addition, Southern Maryland is the fast-growing area in the state, and a very desirable bedroom community for people who work in the District of Columbia, but unlike neighboring Charles and Calvert Counties, many in St. Mary's County both work and live in the county. The Patuxent Naval Air Station, which is based in Lexington Park, employs about 20,000 people, driving about 75 percent of the economy in St. Mary's County and providing roughly $3 billion to the state economy. The average price of a home in St. Mary's County in 2007 is $337,501, compared with about $200,000 in 2003. The area is surrounded by farmland and has a countryside charm with an historical appeal. In addition, there are many high tech jobs.

What is business bankruptcy law?

Business Bankruptcy involves the legal process that insolvent businesses take to insure fairness and equality upon creditors and to help the debtor company start anew with the property the company is allowed to keep without being hampered by their liabilities. Business Bankruptcy attorneys advise on debt relief options and guide companies through each phase of a federal bankruptcy filing -- including Chapter 7 bankruptcy debt discharge plans and Chapter 11 bankruptcy debt reorganization plans. Bankruptcy attorneys may also represent creditors seeking to have their rights enforced in connection with the bankruptcy reorganization of a debtor.

Personal Bankruptcy attorneys also advise on debt relief options and guide individuals through each phase of a federal bankruptcy filing.

Answers to business bankruptcy law issues in Maryland

There are six basic types of bankruptcy cases provided for under the Bankruptcy Code, each of which is discussed...

Official Bankruptcy Forms must be used to file and take action in bankruptcy cases. Procedural Forms also may be...

Chapter 7 of the Bankruptcy Code provides for "liquidation," ( i.e., the sale of a debtor's nonexempt property and...

Chapter 9 of the Bankruptcy Code provides for reorganization of municipalities (which includes cities and towns, as...

Chapter 11 of the Bankruptcy Code provides (generally) for reorganization, usually involving a corporation or...

Chapter 12 of the Bankruptcy Code provides for adjustment of debts of a "family farmer," or a "family fisherman" as...

Chapter 15 is a new chapter added to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection...

Although the Bankruptcy Code provides for a stockbroker liquidation proceeding (11 U.S.C. ยง 741 et seq.), it is far...

Most debtors who file a bankruptcy petition, and many of their creditors, know very little about the bankruptcy...

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...