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

BANKRUPTCIES

April 05, 1993

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

MARCH 25

* William Herbert Lord Jr., 1926 Westchester Ave., Baltimore. Commission salesman filed for Chapter 7. Assets: $181,645. Liabilities: $235,837.

* Timothy John Church and Pamela Ruth Church, (Floorever Beautiful), 5757 Mount Holly Road, East New Market. Mr. and Mrs. Church filed for Chapter 7. Assets and liabilities: $50,000- $99,000.

* Appointments By Design Inc., 10534 York Road, Suite 200, Cockeysville. Interior design and retail furniture company filed for Chapter 11. President and sole shareholder: Sydney M. Shure. Assets and liabilities: Under $50,000.

MARCH 26

* Keith S. Dill and Cheryl L. Dill, (Supreme Roofing), 1520 Colony Road, Pasadena. Mr. and Mrs. Dill filed for Chapter 13. Assets: Under $50,000. Liabilities: $100,000-$499,000.

* Thomas Burton, (Queen Anne's Concrete Co.), P.O. Box 204, Stevensville. Concrete contractor filed for Chapter 7. Assets: $50,000-$99,000. Liabilities: $100,000-$499,000.

* GMAB Inc., Successor to GMB Inc., (Gian Bian, Studio Giovanna), 100 E. Chesapeake Ave., First Floor, Baltimore. Hair salon filed for Chapter 7. President: Giovanna M. Blatterman. Assets: $10,750. Liabilities: $23,041.

* William John Allen, 115 May Drive, Salisbury. Principal in delicatessen business filed for Chapter 7. Assets: $85,224. Liabilities: $240,108.

MARCH 29

* James Bernard Reese Jr., P.O. Box 695, Cedar Hall Road, Pocomoke. Principal in masonry business filed for Chapter 7. Assets: $13,150. Liabilities: $113,000.

MARCH 30

* Lawrence A. Lentz Inc., 9021 Bruno Road, Randallstown. Construction business filed for Chapter 11. President: Lawrence Albert Lentz. Assets: $23,250. Liabilities: $187,808.

* Pang Yol Yu, 8206 Burnley Road, Baltimore. Principal in grocery store filed for Chapter 13. Assets: $254,943. Liabilities: $671,340.

MARCH 31

* Moscow Nights Inc., 1111 Park Ave., Baltimore. Restaurant filed for Chapter 7. Principals: Alex Pais, Vadum Vavulitski and Rudy Filopovits. Assets: $50,000. Liabilities: $155,017.

* Joseph A. Alvarez, (Community Cars Inc.), 8927 Footed Ridge, Columbia. Car buyer and seller filed for Chapter 7. Assets: $7,687. Liabilities: $133,700.

* Security Masonry Corp., 8304 Harford Road, Baltimore. Masonry business filed for Chapter 11. President: Carl J. Maus. Assets: $158,587. Liabilities: $484,201.

* 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 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 instead of the business name or one's personal name.

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