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

BANKRUPTCIES

July 26, 1993

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

July 15

* Communication Management Systems Inc., 10630 Riggs Road, Suite A, Jessup. Manufacturer's representative filed for Chapter 11. President: Jeffrey W. Dolan. Assets: under $50,000. Liabilities: $100,000-$499,000.

* A. Schreter & Sons Co., 600 Pulaski St., Baltimore. Manufacturer filed for Chapter 11. President: Brian Price. Assets: $2,448,771. Liabilities: $2,238,383.

* Hamark Industries Inc., 490 1st Ave., Royersford, Pa. Blasting and painting shop filed for Chapter 11. Chairman: James C. Hamilos. Assets: $849,818. Liabilities: $3,017,040.

* Robert Brooks Gaither Jr. and Karen Elaine Gaither (Karen Elaine Rusta), 1704 Kirkwood Road, Baltimore. Principals in an insurance and annuities business filed for Chapter 7. Assets: $90,120. Liabilities: $130,504.15.

* Theodore J. Zamerski Jr. and Maria G. Zamerski, 1106 Timberlea Drive, Bel Air. Principals in income tax preparation business filed for Chapter 7. Assets: $202,190. Liabilities: $265,799.56.

July 16

* Charles G. Fagan and Joyce V. Fagan, 651 Severn Road, Severna Park. Principals in certified public accountant business filed for Chapter 11. Assets: $500,000-999,000. Liabilities: $1,000,000-9,999,000.

* Masten Construction & Excavation, Rt. 1, Box 531AA, Greensboro. Construction and excavation business filed for Chapter 7. Principal: John M. Masten. Assets: $2,548. Liabilities: $30,012.98.

* Edwin Aponte-Rivera and Yvonne Ann Aponte-Rivera, 125 Meadowlark Ave., Mount Airy. Truck driver filed for Chapter 13. Assets: $114,650. Liabilities: $120,246.

* William W. Frank Jr. and Debra L. Frank, 624 Kittendale Circle, Baltimore. Principals in racing hobby business filed Chapter 7. Assets: $98,362. Liabilities: $142,278.87.

July 19

* J&B Properties, 5520 Liberty Heights Ave., Baltimore. Property rental and management business filed Chapter 13. Principal: W. Joshlin Brunson. Assets: under $50,000. Liabilities: $100,000- $499,000.

* Ronald W. Nash, 46 Ritters Ridge Court, Owings Mills. Principal in painting and paperhanging business filed Chapter 7. Assets: $3,050. Liabilities: $33,803.

July 20

* Parkway Manor Motel Inc., 1411 Crestridge Dr., Silver Spring. The company that owns deed of trust and is equitable owner of real estate filed for Chapter 11. President: Vincent A. Lanzillotti. Assets: $940,000. Liabilities: $390,000.

* J. Anthony's Inc., t/a Anthony's Delique, 786 Longthorn Court, Millersville. Delicatessen and catering business filed Chapter 7. President: John A. Scheeler. Assets: $12,661.85. Liabilities: $48,425.83.

* Winmark Limited Partnership, 8373 Pine Orchard Parkway, Odenton. Real estate partnership filed Chapter 11. General Partner: Jay Winer; general partner: Mark C. Sapperstein; limited partner: Albert G. Aaron. Assets: $2,319,474. Liabilities: $2,494,027.15.

* Frederick Charles Roland Eckhardt III, 630 Lynn Way, Sykesville. Principal in independent insurance appraiser business filed Chapter 7. Assets: $13,380. Liabilities: $25,211.59.

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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 a 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.

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

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