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

BANKRUPTCIES

February 05, 1996

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

Jan. 25

MGK Enterprises, 207 Old Padonia Road, Cockeysville, a.k.a. MGK Enterprises of Maryland Inc., operators of a health and fitness spa, filed for Chapter 11 protection. Principal: Peter Kasdas, president. Assets: None; Liabilities: $1,775,000

Jan. 29

Patuxent Custom Cleaners, 2223 Defense Highway, Crofton, a retail dry cleaner, filed under Chapter 7. Principal: Virginia E. Hollenbeck, treasurer. Assets: $10,000; Liabilities: $73,869

Patricia Michele Veasey, of Cecil County, a.k.a. Tricia Veasey, Patricia Hodson and Patricia Veasey-Hodson, an individual d/b/a a photographer, filed Chapter 7. Assets: $104,145; Liabilities: $125,865.38

Abbreviations a.k.a.: also known as; d/b/a: doing business as; t/a: trading as; n/a: not available; LLC: Limited Liability Company; L/P: Limited Partnership; P/A: Professional Association; P/C: Professional Corporation

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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