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

Bankruptcies

September 15, 1997

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

September 4

Y? Innovatyve Marketing Concepts Unlimited Inc.,ited Inc., 2401B Belair Road, Baltimore, a.k.a. Executyve Expo Center, filed for protection under Chapter 11. Principal: Ethel Mae Simms, president. Assets: $36,150. Liabilities: $160,850.29

GNG Inc.,Market House, Annapolis, t/a Kaufman's Fancy Fruits & Vegetables; Chesapeake Heat and 25 Market Space LLC, filed for Chapter 11 protection. Principal: Gloria S. Freedenberg, president. Assets: $34,053. Liabilities: $357,499

Sal & Brothers Inc.,1312 N. Salisbury Blvd., Salisbury, convenience store operators, filed for protection under Chapter 11. Principal: Joseph C. McMillan, president. Assets: $352,561.30. Liabilities: $975,809

Intra Community Communications, Inc.,300 E. Lombard St., Baltimore, has filed for protection under Chapter 11. Principal: Bernell L. Ross, chairman & CEO. Assets and liabilities are under $50,000 each.

September 5

Baltimore Recovery Center-Outpatient Services Inc.,19 W. Preston St., Baltimore, was involuntarily petitioned into Chapter 7 by Signet Bank. Principal: William K. Hathaway, resident agent. Assets: n/a. Liabilities: at least $10,000

East End Hotel Inc.,t/a Baltimore Recovery Center, c/o 16 S. Poppleton St., Baltimore, was involuntarily petitioned into Chapter 7 by Signet Bank. Principal: Rev. Fr. Richard T. Lawrence, resident agent. Assets: n/a. Liabilities: at least $180,000

Baltimore Addictions Treatment Center,16 S. Poppleton St., was involuntarily petitioned into Chapter 7 by Signet Bank. Principal: Sandra K. Hill, resident agent. Assets: n/a. Liabilities: at least $10,000

September 8

White Marlin Marine Inc.,12319 Ocean Gateway, Ocean City, new & used pleasure boat sales, filed for protection under Chapter 11. Principal: Gary Rice, president. Assets: $4,181,404.98. Liabilities: $6,639,454.41

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; J/V: Joint Venture; P/A: Professional Association; P/C: Professional Corporation

Pub Date: 9/15/97

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.

Pub Date: 9/15/97

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