The following are recent bankruptcy filings in U.S...

BANKRUPTCIES

January 18, 1993

The following are recent bankruptcy filings in U.S. District Court in Baltimore.

JAN. 7

* David Francis Neville and Annie May Neville (The Yardworks), 2323 Orsburn Lane, Joppa. Mr. and Mrs. Neville filed for Chapter 7. Assets: $103,183. Liabilities: $111,300.

* Patricia Anne Michel (Paco Contractors and Red Fox Farm) 7406 Marston Road, Baltimore. Ms. Michel filed for Chapter 13. Assets: $100,000-$499,000. Liabilities: $500,000-$999,000.

* Charles Joseph Ibex Jr. and Bridget Scott-Ibex, 3718 Graves Run Road, Hampstead. Owners of a bar/tavern business that is closed, filed for Chapter 7. Assets: $673,827. Liabilities: $711,930.

* Alts Towing and Recovery Service Inc. (Alt's Towing, Kevin J. Alt Towing Services, Kevin J. Alt), 56 Madison St., Westminster. Provider of towing and automotive recovery services filed for Chapter 7. Assets: $15,500. Liabilities: $158,565.

JAN. 8

* Society Hill Associates Limited Partnership, 58 W. Biddle St., Baltimore. Landlord for restaurant and hotel filed for Chapter 11. General partner: Thomas J. Kleinman. Assets: $50,000-$99,000. Liabilities: $1,000,000-$9,999,000.

* Society Hill Associates Hotel Inc. (d/b/a Society Hill Hotel, Society Hill) 58 W. Biddle St., Baltimore. Hotel and restaurant filed for Chapter 11. President: Thomas Kleinman. Assets: $50,000. Liabilities: $1,950,749.

* Keats A. Pullen III, 5535 Emory Road, Upperco. Manufacturing/mining business filed for Chapter 7. Assets and liabilities: $100,000-$499,000.

* Shirley Ann McPherson (t/a McPherson Creatives), 36 W. 25th St., Baltimore. Ms. McPherson filed for Chapter 7. Assets: $2,220. Liabilities: $27,691.

JAN. 11

* Shashi Aadipudi, 309 Lord Byron Lane, Apt. 103, Cockeysville. Mr. Aadipudi filed for Chapter 7. Assets: $5,220. Liabilities: $28,330.

* Myron Daniel Buck and Susan Ruth Buck (t/a Eastern Shore Home Food Services), Route 12, Box 756, Salisbury. Mr. and Mrs. Buck filed for Chapter 7. Assets: $71,640. Liabilities: $78,040.

* K. S. Chahal M.D., P.A., 20 Crossroads Drive, Suite 101, Owings Mills. Doctor's office filed for Chapter 7. Assets: Under $50,000. Liabilities: $100,000-$499,000.

JAN. 12

* Windsor Associates, 214 Washington Ave., Towson. Real estate development company filed for Chapter 11. General partner: Edward A. Griffith. Assets: Under $50,000. Liabilities: $100,000-$499,000.

* Berladontim Corp., 5804 York Road, Baltimore. Real estate business filed for Chapter 7. President: Robert E. Murrey. No assets. Liabilities: $7,800.

* Irish Derby Inc. (t/a Crustaceans), 14603 Old York Road, Phoenix. Restaurant filed for Chapter 7. Principal: Robert E. Murrey Jr. No assets. Liabilities: $102,929.

* Robert E. Murrey Jr., 14603 Old York Road, Phoenix. Owner of central vacuum business filed for Chapter 7. Assets: $9,173. Liabilities: $99,404.

JAN. 13

* Bar Harbor Rentals Inc., 6212 Pennington Ave., Baltimore. Rental property business filed for Chapter 11. Chairman: Robert L. Brewis. Assets: $725,000. Liabilities: $200,000.

* Combined Transportation Services Inc., 1205 68th St., Baltimore. Transportation business filed for Chapter 11. President: Kenneth W. Branamen. No assets. Liabilities: $297,234.

* Lawrence Weinstein, 3635 Paskin Place, Baltimore. Construction firm owner filed for Chapter 7. Assets and liabilities: Under $50,000.

* The following are the most common types of filings under the U.S. Bankruptcy Code.

CHAPTER 7 -- Liquidation. A trustee is appointed to take charge of all the debtor's property, except for certain exceptions allowed in the law. The trustee will sell the remaining property for the benefit of creditors, and unless a creditor objects and is upheld by the court, the debt will be discharged.

CHAPTER 11 -- Reorganization. Available to all individuals or businesses, this chapter is primarily intended to allow an ongoing business to restructure its debt. A successful reorganization depends on filing a plan and obtaining its approval by creditors and the court.

CHAPTER 13 -- Adjustment of debts of an individual with regular income. This chapter provides a method for individual debtors to repay creditors, in full or in part, over a period of up to five years. It ordinarily involves less than $100,000 in unsecured debt and $350,000 in secured debt.

d/b/a (doing business as) or t/a (trading as): an assumed name a person uses for a business instead of the actual business name or one's personal name.

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