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

Bankruptcies

February 10, 1997

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

Jan. 24

The Backstretch Group, LLC, 6 Caroway Road, Reisterstown, a real estate development company, has been involuntarily petitioned by creditors to Chapter 11 reorganization. Principal: n/a. Assets: n/a; liabilities: at least $15,000

Jan. 30

Wash 'N' Dry Inc.,Snow Hill, t/a Rain or Shine Laundry, a self-service laundromat, filed for Chapter 11 protection. Principal: David F. Wheaton Jr., president. Assets: $48,250; liabilities: $174,433

Jan. 31

Marbourn Construction,5706 Johnson St., Brooklyn, homebuilders, filed for Chapter 7. Principal: Laurence Fant, president. Assets: n/a; liabilities: over $1,000

Timmel Inc.,695 Hanover Pike, Hampstead, t/a Timothy's, a restaurant/bar, filed under Chapter 7. Principal: Timothy H. Euler, president. Assets: n/a; liabilities: n/a

East Coast Ventures Inc.,d/b/a Harry's, 2324-32 Boston St., Baltimore, filed for protection under Chapter 11. Principal: Harry Lewis, officer. Assets: $1,100; liabilities: $180,161.28

Gieser Associates Inc.,Chestertown, manufacturers representatives, filed for Chapter 11 protection. Principal: Stephen Geiser, president. Assets: $34,000; liabilities: $64,707.68

Feb. 4

S.E.C. Corp.,contractors, 5501 Twin Knolls Road, Columbia, filed for Chapter 11 protection. Assets: $76,200; Liabilities: $1,307,815

Amil & Marion Baker,trailer and RV sales and service, 1325 S. Philadelphia Road, Aberdeen,jointly filed under Chapter 11. Assets: over $100,000; liabilities: over $500,000

Feb. 5

Whole Health Book Co.,100 East Gratitude, Rock Hall, a wholesale book seller, filed under Chapter 7. Principal: Clark Bjorke. Assets: $8,756.37; liabilities: $53,059.29

Jerry Moyer's Electrical,2207 Northwood Road, Baltimore, filed under Chapter 7. Principal: Jerry Moyer, president. Assets and liabilities: n/a

Pub Date: 2/10/97

Definitions

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.

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