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

Bankruptcies

June 24, 1996

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

June 17

W.B.S. Packers Inc.,96 N. Riverton Road, Elkton, a packing service for movers, has filed under Chapter 7. Principal: Sandra Leidy. Assets: $15,498.14; Liabilities: $57,098.46

June 18

South River Retirement Community,144 Washington Road, Edgewater, filed for Chapter 7. Principal: Dr. Allen Hettleman, president. Assets: more than $100,000; Liabilities: more than $500,000

June 20

R. B. Brown & Associates,216 Schilling Circle, Hunt Valley, has been petitioned into involuntary Chapter 7 bankruptcy by Lumbermen's Mutual Casualty Co. and other creditors. Principal: n/a. Assets: n/a; Liabilities: at least $147,050.54

Shocker T-Shirts,a.k.a. Shocker T-Shirts & Apparel Co., a.k.a. Shocker Specialties, 2823 Foster Ave., Baltimore, filed for Chapter 7. Principal: Michael Shock, president. Assets: $47,400; Liabilities: $227,396.60

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: 6/24/96

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