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

Bankruptcies

September 16, 1996

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

September 4

Michael L. Adler Inc.,concrete construction, 4162 Old York Road, Monkton, has filed for protection under Chapter 11. Principal: Michael L. Adler, president. Assets: $227,619.33. Liabilities: $611,185.92

September 5

Intellitech Systems Inc.,11400 Cronridge Road, Owings Mills, alarm systems installers and monitors, filed under Chapter 7. Principal: Aroon Choksi, president. Assets: none. Liabilities: $324,374.34

September 9

Jeremiah Construction Co. Inc.8102 Salt Lake Drive, Baltimore, filed under Chapter 7. Principal: Daryl Conner, president. Assets: none. Liabilities: $6,193.66

September 11

Kenneth W. & Ida F. Ruehl vehicle service center, 2022 Thresam Court, Gambrills, filed for Chapter 11 protection. Assets and liabilities are more than $1 million each.

Basso & Basso Masonry Construction,2 Mallow Hill Road, Baltimore, has filed under Chapter 7. Principal: Fiorindo Basso, president. Assets: $2,107. Liabilities: $147,231

B&K Sales Inc.,bakery products distributor, 8141 Telegraph Road, Severn, has filed under Chapter 7. Principal: Henry C. Boyce, president. Assets: $27,225.00. Liabilities: $172,606.50

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: 9/16/96

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