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

Bankruptcies

June 03, 1996

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

May 24

Phelps Protection System Inc.,1908 Forest Drive, Annapolis, a security service, has filed for Chapter 11 protection. Principal: George Phelps, president. Assets and liabilities: both under $50,000.

May 28

Bauer Engineering,14 Central Ave., Ridgely, filed for bankruptcy under Chapter 7. Principal: Murray A. Bauer, president. Assets: $1,805.57; Liabilities: $2,001,502.76

Tri-County Contracting Corp.,5550 Baltimore National Pike. Catonsville, has filed under Chapter 7. Principal: Barry Mehta, president. Assets: $335; Liabilities: $241,334.17

Steven W. Gowe, Inc.,5A Goldsborough St., Easton, a retail clothier, filed under Chapter 11. Principal: Steven W. Gowe, president. Assets: $175,749; Liabilities: $367,949.73

Martin G. Knott Associates Inc.10706 Reisterstown Road, Owings Mills, commercial and residential HVAC services, has filed for Chapter 11 protection. Principal: Martin G. Knott, president. Assets: $302,649; Liabilities: $483,947

Knott Plumbing Inc.,10706 Reisterstown Road, Owings Mills, plumbing supplies, filed for protection under Chapter 11. Principal: Martin G. Knott, president. Assets: $210,320; Liabilities: $865,211.98, of which $785,000 is in dispute.

May 29

Admin American Corp.,6851 Oak Hall Lane, Columbia, an administration of third-party health care claims, filed under Chapter 11. Principal: Arnold Vedrin. Assets: $31,000; Liabilities: $501,436.91

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.

Pub Date: 6/03/96

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