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

BANKRUPTCIES

November 29, 1993

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

NOV. 19

Eugene Lee Meadows, 945 Melvin Road, Annapolis. Real estate development and purchasing firm filed for Chapter 11. Assets: over $100,000. Liabilities: over $100,000. Principals: Eugene Lee Meadows and Joan Bronner Meadows.

NOV. 22

Discount Restaurant Equipment and Supplies Inc., 1940 Belair Road, Baltimore. Buyer and seller of restaurant equipment and supplies filed for Chapter 7. Assets: $221,437. Liabilities: $138,717.02. Principals: Sheldon Garfield, president, and Rubin Simon, vice president.

NOV. 23:

J. Armstrong Inc., (t/a a 6-12 Convenience Store), 6930 Liberty Road, Baltimore, filed for Chapter 7. Assets: $40,498. Liabilities: $85,882. Principals: Walter T. Armstrong, president, and Joan Armstrong.

* J. C. Concrete Inc., 1321 Whiteford Road, Harford County. Concrete construction company filed for Chapter 7. Assets: 0. Liabilities: $15,782.53. Principals: John

O'Rorey, president, and Charles C. Lyons, vice president.

Charles Alan Hall Sr., (d/b/a Williams Grocery, 840 Woodington Road, Baltimore), 342 Kearney Drive, Owings Mills, has filed for Chapter 13. Assets: $153,425. Liabilities: $150,031.27. Principles: Charles Alan Hall Sr. and Bernadette Hall.

Nov. 24

Aberdeen Hotel Limited Partnership,: (t/a Sheraton Inn - Aberdeen), 980 Beards Hill Road, Aberdeen, filed for Chapter 11. Assets: $1 million to $10 million. Liabilities: $1 million to $10 million. Principals: Douglas M. Firstenberg, president, and Radnor-Aberdeen Inc., a Pennsylvania corporation, general partner.

* Stanley A. Sewell, 112 Hilton St., Baltimore. A construction firm specializing in home improvement, filed for Chapter 13. Assets: under $50,000. Liabilities: under $50,000.

Steven R. Braun Associates, Inc., (t/a Sales Consultants of Baltimore), 575 S. Charles St., Suite 400, Baltimore. Personnel recruiting firm filed for Chapter 7. Assets: $277,244.28. Liabilities: $420,238.44. Principals: Steven Robert Braun, president, and Marianne G. Rowan-Braun, vice president.

*

The following are the most common types of filings under the 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 person uses instead of the business name or one's personal name.

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