Correction: In the bankruptcy report printed Feb. 24, the...

Bankruptcies

February 24, 1997

Correction: In the bankruptcy report printed Feb. 24, the liabilities for Lighting Experiences Inc. were incorrectly posted. The figure should have been $75,715.82.

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

Feb. 10

Lighting Experiences Inc.,Owings Mills, a.k.a Lighting & Sound Experiences Inc., retailer of stereo and electrical equipment filed for Chapter 7.

Principal: Jerry Friedman, president.

Assets: $101,353.06. Liabilities: $757,715.82

Mason-Dixon Ambulance Service3404 Hanover Pike, Manchester, has filed under Chapter 7.

FOR THE RECORD - CORRECTION

Principal: n/a.

Assets: $201,453.67. Liabilities: $353,786.37

Feb. 11

T. C. Brannan Inc.,t/a Poor Richards, 4 1/2 E. Pennsylvania Ave., Towson, a bar/restaurant, has filed for Chapter 11 protection.

Principal: Timothy Brannan, president.

Assets and liabilities: more than $1,000 each.

Anchors Aweigh Marine Supply,522-B Ritchie Highway, Severna Park, filed under Chapter 7.

Principal: Joseph P. Candella Sr., president.

Assets: $2,433. Liabilities: $250,713.48

Zodiac of Annapolis Ltd.,326 First St., Annapolis, has filed under Chapter 7.

Principal: Joseph P. Candella Sr., president.

Assets: $887; Liabilities. $85,189

Vernon R. Ford,649 Nottingham Road, Elkton, t/a Ford Concrete Co., has filed under Chapter 7.

Assets: $244,008. Liabilities: $898,307.22

Charles M. & Joellyn Blankhard,2139 Lorraine Ave., Baltimore, home child-care providers, jointly filed under Chapter 7.

Assets: $91,207. Liabilities: $90,890

Feb. 12

Barton HVAC,heating and air conditioning contractors, 2128 Renard Court, Annapolis, has filed for Chapter 11 protection.

Principal: Walter D. Elling, president.

Assets: $92,034. Liabilities: $211,678

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; LLP: Limited Liability Partnership; L/P: Limited Partnership; J/V: Joint Venture; Professional Association; P/C: Professional Corporation

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.

Pub Date: 2/24/97

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