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

BANKRUPTCIES

June 13, 1994

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

May 26

* Charles Alan Hall Sr. & Bernadette Hall, 342 Kearney Drive, Owings Mills, filed for Chapter 13 as joint husband & wife/non-business/consumer. Amends original filing of Nov. 23, 1993.

May 31

* Kimberly E. Hall, 2223 Aberdeen Drive, Crofton, operating an escort business, has filed for Chapter 13. Assets and liabilities are under $50,000 each.

June 1

* Linda A. Broderick, 4320 Bedrock Circle, Baltimore, d/b/a Holiday Editions, a gift shop, filed for Chapter 7. Assets: $15,249; Liabilities: $24,834

* John Shaw, commodities broker, 1604 Shadyside Road, Baltimore, has filed for Chapter 13. Assets: $65,911; Liabilities $43,000

* David Kevin Martz, 1700 Park Ave., Baltimore, a real estate agent, has filed for Chapter 7. Assets: $21,055; Liabilities: $160,498.33

June 2

* Jon G. Baynes & Sons, Inc., flowers and shrubbery, 9135 Rexis Ave., Perry Hall, filed for Chapter 7. Principal: Charles A. Baynes, president. Assets: $16,396; Liabilities: $132,011

* Harry Gnardellis, a.k.a. Charalambos K. Gnardellis, 3013 Harview Ave., a bar operator, has filed for Chapter 7. Assets: $112,271; Liabilities: $171,785.42

* Ralph J. Kaufmann, 1943 High Ridge Road, Annapolis, consultant, has filed for Chapter 13. Assets: $353,580; Liabilities: $308,798.39

June 3

* Hans George Morgenstern, professional engineer, 301-B3 Trimble Road, Joppa, filed for Chapter 7. Assets: $4,055; Liabilities: $74,197.50

* Urban Profile Communications, Inc., 729 E. Pratt St., Baltimore, a magazine publisher, filed for Chapter 7. Principal: Tyrone Taborn, acting president. Assets $9,000.55; Liabilities: $32,692.42

* Tiede Modular, Inc., 6760 Sanner Road, Clarksville, a.k.a. Tiede Modulars, residential construction, has filed for Chapter 7. Principal: Jerry Tiede, president. Assets: $9,980; Liabilities: $109,000

June 6

* G. S. Distributors, Inc., 68 Bryans Mill Way, Catonsville, a milk distributor, filed for Chapter 7. Principal: Jan Cooke, president. Assets: $43.45; Liabilities: $62,052.79

June 7

* A. A. Orendorff, Inc., Baltimore, wholesaler/shoe repair., a.k.a. David A. Jacobs, has filed for Chapter 7. Principal: Austin A. Orendorff, Jr., president. Assets: $133,021.04; Liabilities: $355,575.73

*

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.

*

a.k.a. (also known as), 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.

n/a: not available. L/P: Limited Partnership. P/A: Professional Association.

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