Oldtown is a unincorporated community in Allegany County, Maryland along the North Branch Potomac River. It was established in 1741 by Thomas Cresap, who built a trading post along an old Native American trail. The settlement was called "Shawanese Old Town" because it was the site of a Shawnee village abandoned about a decade earlier. In later years the explanatory prefix was dropped from the name and the place because known simply as "Oldtown. " Cresap's son Michael Cresap was born at Oldtown. A post office was established there on May 26, 1870. Oldtown is connected by a one-lane low water toll bridge to Green Spring in Hampshire County, West Virginia. The "Chesapeake & Ohio Canal" reached Cumberland, MD from Georgetown (Washington, DC) in 1850 by way of Oldtown at Milepost 166.5. The "Baltimore & Ohio Railroad", located just across the Potomac from Oldtown had reached Cumberland eight years earlier. The canal finally closed operations as a carrier in 1924 due to flood damage. The B&O Railroad, now CSX, continues to be a major carrier; and it is used daily by Amtrak's "Capitol Limited" between Washington, DC and Chicago. The "Western Maryland Railway" expanded west, from Big Pool, MD to Cumberland, MD as a Class-I Railroad in 1906 with the mainline being constructed through Oldtown complete with a train station located at the lower end of town. Passenger service ended on the Western Maryland Railway between Cumberland and Hagerstown, MD on May 30,1953. Afterwards it was not uncommon for B&O Passenger trains to be rerouted over the WM through Oldtown. The last scheduled mainline trains through Oldtown occurred on May 12,1975 for freight, and May 21,1975 for a Chessie System Passenger Special. The line was officially abandoned as part of the "Chessie System" consolidation and all WM trains began running on the nearby B&O. A Chessie System work train pulled up the rails through Oldtown in June 1976.

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...