ROANOKE TIMES 
                      Copyright (c) 1997, Roanoke Times

DATE: Saturday, February 22, 1997            TAG: 9702240086
SECTION: BUSINESS                 PAGE: A-7  EDITION: METRO 

IN BUSINESS

Bankruptcies

Five bankruptcies with business affiliations have been filed in the U.S. Bankruptcy Court for Western Virginia at Roanoke. Two of them are personal bankruptcies that the court listed as businesses because they have commercial connections and could be of interest to business creditors and customers.

RLB Contracting Inc. of Bristol filed for liquidation with assets of $139,009 and liabilities of $127,090.

Rupert J. Richards and Dorothy T. Richards of Salem, who are in the real estate sales and rental business, filed for liquidation. They estimated assets at more than $100,000, but did not estimate liabilities.

David Bronson Cornett and Sherry Lynn Cornett of Elk Creek, operators of C&C Logging, filed for a wage-earner plan for repayment of debts. They had assets of $140,756 and liabilities of $276,968.

Terry Randall Williams of Grundy, operator of Sher-Kat Trucking, filed for liquidation with assets of $19,230 and liabilities of $42,445.

Lawrence W. Ballinger of Glade Spring, a farmer, filed for liquidation with assets of $11,075 and liabilities of $90,278.

- STAFF REPORT

Siding company buys warehouse

Cook Siding and Window Co. has purchased a 15,000-square-foot warehouse on Kessler Mill Road in Salem for $260,000. Fred Thomas of Hall Associates Inc., who represented Cook in the transaction, said the company will move its awning manufacturing division and its siding and window division to the new location. Michael Waldvogel of Waldvogel, Poe & Cronk Real Estate Group Inc., represented the seller, Gunst Realty Corp. of Richmond.

- STAFF REPORT

County gets access road

The Commonwealth Transportation Board has approved $200,000 to construct a road for the new Valley Gateway Business Park on U.S. 460 East in Roanoke County.

The new industrial park consists of 109 acres subdivided into four tracts. One tract will contain the county's next industrial shell building, a 75,000-square-foot structure expandable to 150,000 square feet.

- STAFF REPORT

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