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

BANKRUPTCIES

June 19, 1995

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

JUNE 9

* Festival Management Inc., 601 S. Montford Ave., Baltimore, has filed for Chapter 7. Principal: Diane Marinos, president. Assets: None; Liabilities: $56,848.36

JUNE 13

* Robert Kelly, 561 Belmawr Place, Millersville, d/b/a R & C Kelly Services, a towing operation, filed for Chapter 7. Assets: $94,625; Liabilities: $166,267.04

* Joint Venture Custom Homes Inc., 65 Old Solomons Island Road, Annapolis, general contractors, filed for Chapter 7. Principal: Donald L. Mattia, president. Assets: $3,225.98; Liabilities: $500,068.65

JUNE 14

* Donald Howard, landscaper, 7065 B & A Blvd., Glen Burnie, filed for Chapter 7. Assets: $4,950; Liabilities: $37,367.98

* Darleen M. Sichettes, a k a Darleen M. Biscotti, real estate independent contractor, filed for Chapter 7. Assets: $2,718; Liabilities: $11,603

* Michael T. Rankin, t/a Cabinet Works, 65 Ocean Parkway, Berlin, retail/wholesale kitchen and bathroom fittings, filed for Chapter 7. Principal: Michael T. Rankin. Assets: $1,810; Liabilities: $95,553

* Second Income Inc., game room operator, a k a Creative Promotions, 6400A Frederick Road, Catonsville, filed for Chapter 7. Principal: David Silverman, president. Assets: $1,000; Liabilities: $101,829.56

*

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: Professional Corporation.

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