Steve Eisner, once a fixture of Baltimore social circles and its business community, has filed for personal bankruptcy.

The former chairman of Eisner Communications Inc. and wife Sara Eisner jointly filed Chapter 7 on Feb. 21, almost a year and a halfafter his advertising agency collapsed.

The pair listed $4 million in liabilities and $50,000 in assets,which include a 2004 Honda with 80,000 miles, a string of freshwater pearls and gold cuff links, according to the filing in Baltimore's U.S.District Court. Sara Eisner, who also goes by Sara Milstein, was the company's chief operating officer.

For some former Eisner employees, the news represented an unfortunate chapter in the fallout from the closure of the advertising firm that once boasted national clients like US Airways.