Recent filings in the U.S. Bankruptcy Court, District of...

BANKRUPTCIES

November 25, 1996

Recent filings in the U.S. Bankruptcy Court, District of Maryland, Baltimore City:

Nov. 15

William H. & Janice C. Staton, independent trucking, 3808 Bonview Ave., Baltimore, filed for Chapter 7. Assets: $71,030; liabilities: $126,371.39

Teresa Puchetaday care provider, 2322 Ellen Ave., Baltimore, filed for Chapter 7. Assets: $76,290; liabilities: $93,587

Agridyne Technologies Inc., a.k.a. Native Plants Inc., 10150 Old Columbia Road, Columbia, developer and manufacturer of bioinsecticides and a wholly owned subsidiary of Biosys Inc. has filed for Chapter 11 protection. Principal: Edwin C. Quattlebaum, president. Assets: $147,567.65; liabilities: $113,293.58

Nov. 18

Folkemer Photo & Computer Center, Baltimore, retail photographic and computer services, filed for Chapter 11 protection. Principal: Charles Macgill Jr., president. Assets: $350,000; liabilities: $425,721

Nov. 14

Kimberly Press Inc., 8100 Fort Smallwood Road, Riviera Beach, filed for Chapter 11 protection. Principal: Robert T. Hyson, president. Assets: $75,000; liabilities: $195,611

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: 11/25/96

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