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

BANKRUPTCIES

March 06, 1995

The following are recent bankruptcy filings in the U.S. Bankruptcy Court, Eastern District of Maryland, in Baltimore City

Feb. 23

* O. C. Cotton, retail clothing, Ocean Plaza Mall, Ocean City, has filed under Chapter 7. Principal: Ira J. Mensh, president. Assets: $8,100; liabilities: $27,211.04.

* Brian and Donna Cayer, self-employed real estate agents, 316 Alexis Drive, Glen Burnie, filed under Chapter 7. Assets: $130,440; liabilities: $149,880.

Feb. 27

* Martel Laboratory Services Inc., 1025 Cromwell Bridge Road, Towson, an environmental testing firm, has filed for protection under Chapter 11. Principal: J. Gary Reed, president. Assets: $985,012; liabilities: $430,341.

* Geonex Corp., 8950 Ninth Street, St. Petersburg, Fla., a holding company of several subsidiaries that survey, produce and supply digital maps, has filed for protection under Chapter 11. Principal: J. Gary Reed, president. Assets: $1,527,386; liabilities: $17,986,422.

*

The following are the most common types of filings under the U.S. Bankruptcy Code:

CHAPTER 7 -- Liquidation.

CHAPTER 11 -- Reorganization.

CHAPTER 12 -- Agriculture, Family Farm with other income.

CHAPTER 13 -- Adjustment of debts of an individual with regular income.

*

a.k.a. (also known as), d/b/a (doing business as), t/a (trading as).

n/a: not available. LLC: Limited Liability Co.; L/P: Limited Partnership. P/A: Professional Association. P/C: Profession Corp.

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