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

Bankruptcies

July 22, 1996

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

July 12

Absecon Island Associates Partnership,847 W. 36th St., Baltimore, a real estate holding concern, has filed for protection under Chapter 11. Principal: William Hoffman, managing partner. pTC Assets: $100,000; Liabilities: $85,286.10

Beacham Associates,847 W. 36th St., Baltimore, real estate holdings, filed for protection under Chapter 11. Principal: William Hoffman, managing partner. Assets: $100,000; Liabilities: $77,213.73

July 18

Chung Un So & Yong Sol So,d/b/a American Dry Cleaners, 11712-A 1/2 Reisterstown Road, Reisterstown, filed for Chapter 11 protection. Assets: less than $50,000; Liabilities: more than $100,000

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: 7/22/96

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