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

BANKRUPTCIES

January 08, 1996

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

Dec. 28

New Life Medical Systems International Inc., 3421 Benson Ave., Violetville, filed for Chapter 7. Principal: S. Edward Bradford, chief operating officer. Assets: $55,866.88; liabilities: $443,893.09

IAS Inc., 8G Music Fair Road, Owings Mills, d/b/a Chuck Klines Furniture, a retail furniture outlet, filed for Chapter 7. Principal: Irwin Self, president. Assets and liabilities are under $50,000 each.

Jan. 2

Lodgecliffe Water Systems Inc., 111 Richardson Drive, Dorchester County, filed for Chapter 7. Principal: Linda M. Hales, secretary. Assets: $2,470; liabilities: $9,627.35

Jan. 3

Parkville Spa Inc., a physical fitness center at 7927 Belair Road, Fullerton, filed for Chapter 11 protection. Principal: Peter Kasdas, director and shareholder. Assets: $75,000; liabilities: at least $50,000

Abbreviations

NTC a.k.a.: also known as; d/b/a: doing business as; t/a: trading as; n/a: not available;

Definitions

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.

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