THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Monday, April 1, 1996 TAG: 9603300180
SECTION: BUSINESS WEEKLY PAGE: 09 EDITION: FINAL
LENGTH: Short : 46 lines
BANKRUPTCIES
Business bankruptcies filed in U.S. Bankruptcy Court in Newport News:
Frugal Traveler Motel Inc., previously doing business as King William Inn and Hojo Inn, filed Chapter 11 on Dec. 11, 1995, with no assets and liabilities of $2,148,991.90.
South Quay Corp. filed Chapter 11 reorganization Dec. 14, 1995, with assets of $82,132.00 and liabilities of $427,425.00.
Brinks Investment Co. filed Chapter 11 reorganization on Dec. 21, 1995, with assets of $1 million and liabilities of $900,000.00.
Homes, Inc., Builders and Developers in Williamsburg filed Chapter 7 liquidation Jan. 31. Assets and liabilities were not available.
Robert L. Sutherland, Total Electric, filed Chapter 7 liquidation Feb. 23, with assets of $76,598 and liabilities of $189,353.66.
Belford Enterprises Inc., trading as Movies & More, filed Chapter 7 liquidation Feb. 21 with assets of $16,390 and liabilities of $124,835.
S.A.K. Inc., doing business as Directions retail clothing, filed Chapter 11 reorganization Feb. 21 with assets of $16,390 and liabilities of $124,835.
RMS Technology Inc., electronics engineering and manufacturing, filed Chapter 11 reorganization March 1 with assets of $1,201,191 and liabilities of $1,580,378.
Executive ``Sweet'' Inc., restaurant and lounge filed Chapter 7 liquidation March 20 with no assets and $7,509.71 in liabilities.
Homestead Manufacturing Inc. converted a Chapter 11 to Chapter 7 liquidation on March 25, with assets of $1,046,558 and liabilities of $1,124,667.
- By Juanita Raisor MEMO: Digest reports news of record about businesses in Hampton Roads. Items
accepted include reports of mergers, acquisitions, relocations,
significant expansions, substantial government contract awards, national
honors and awards.
Information should be sent to Juanita Raisor, Business News, 150 W.
Brambleton Ave., Norfolk, VA 23510.
by CNB