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


February 07, 1994

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

Jan. 27

* Tayberry Inc., t/a Hunt Manor Gourmet at 3346 Paper Mill Road, Hunt Valley, filed for Chapter 7. Assets: $1,301. Liabilities $30,622.

* Terry M. Gordon, a dentist with an office at No. 1607, 15 Charles Plaza, Baltimore, filed Chapter 13. Assets: under $50,000. Liabilities: over $100,000.

* Brothers Two Inc., t/a Delancey Street Deli, a food service and restaurant business at 10363 Reisterstown Road, Owings Mills, filed Chapter 11. Principal: Neil Parrish, president. Assets: $15,850. Liabilities: $142,240.

* Theodore A. Hill a tree removal service at 1815 Bowersox Road, New Windsor, filed Chapter 13. Assets: under $50,000. Liabilities: over $50,000.

* A-1 Electrical Service, 8133 Armiger Drive, Pasadena, filed Chapter 7. Assets: $8,800. Liabilities: $52,091.

JAN. 28

* Insul Temp/Airco Inc., 2343 York Road, Cockeysville, a commercial and industrial mechanical insulation and asbestos removal firm, filed Chapter 11. Principal: E. Donald Avery, president. Assets and liabilities are each over $1,000,000.

* David W. Jewell, 9606 Hadleigh Court, Laurel, a car sales business filed Chapter 7. Assets: $1,100. Liabilities: $159,366

* Andrews Company Inc., d/b/a Spittel's, a seafood restaurant and bar, 1115 N. Rolling Road, Catonsville, filed Chapter 13. Principal: Gail Goldberg, president. Assets: over $50,000. Liabilities: over $100,000.

JAN. 31

* LeClair Enterprises Inc., a commercial real estate rental firm at 1032 Light St., Baltimore, filed Chapter 11. Principal: Richard E. LeClair, president. Assets: $571,704. Liabilities: $305,000.

* Thomas D. and Angela L. Cook, d/b/a Cooks Home Repair, 5918 American Corner Road, Denton, filed Chapter 7. Assets: $74,466.90. Liabilities: $119,046.02.

* Bowers Enterprises Inc., t/a Kwik Kopy Printing, 4138-J E. rTC Joppa Road, Baltimore, filed Chapter 7. Principal: Kenneth R. Bowers, president. Assets: over $50,000. Liabilities: over $100,000.

* Terry Neil Ream, d/b/a Terry's A/C & Heating, 7 Sampson Place, Annapolis, filed Chapter 7. Assets and liabilities under $50,000.

FEB. 1

* Boston Specialties Ltd., #22, 3701 Old Court Road, Baltimore, owner of a building and land at 1908 Ellamont St., Baltimore, which is leased to the U.S. Postal Service, filed Chapter 11. Principal: Irma C. Fishbein, president. Assets: $1,197.34. Liabilities: $39,088.

* Bradley Ann Caine, a.k.a. Bradley A. Sheppard, 13705 Fountain Road, Ocean City, a provider of horse riding lessons, filed Chapter 7. Assets: $2,246. Liabilities: $176,153.

FEB. 2

* Conrad Protzman Inc., a construction firm at 2325 Banger St., Baltimore, filed Chapter 11. Principal: Lorine Protzman Costantino, president. Assets: over $500,000. Liabilities: over $1 million.

* Classic Contemporary Designs Inc., P.O. Box 21417, Baltimore, a seller of jewelry and novelties, filed Chapter 11. Principal: William Davis, vice president. Assets: $99,225. Liabilities: $291,693.91.

* Frederick A. Willis, 3917 Innerdale Court, Randallstown, t/a Peninsula Express, a trucking company, filed Chapter 13. Assets: over $100,000. Liabilities: over $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 charg 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 o 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.

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

n/a: not available.

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