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

BANKRUPTCIES

June 05, 1995

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

May 25

* 2401 Northpoint Inc., 10 N. Calvert St., operating a nightclub at 2401 Northpoint Blvd., Dundalk, filed for Chapter 7. Principal: Isaac Klein, president. Assets: under $50,000; liabilities: over $500,000

* Safety Floor International Inc., a flooring applications firm, 4927 Acacia Ave., Bethesda, filed for Chapter 7. Principal: Thomas V. Snyder, president. Assets: none; liabilities: over $1,000,000

May 30

* Studio 555 Inc., 8028 Ritchie Highway, Pasadena, filed for Chapter 7. Principal: Ken Mayers, president. Assets: $19,832.25; liabilities: $195,442.23

* Preston Garage and Muffler Shop Inc., automotive repairs, 3629 Payne Road, Preston, filed Chapter 7. Principal: Wallace E. Hobbs III, president. Assets: $3,345.06; liabilities: $65,547.15.

*

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.

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