The Virginian-Pilot
                             THE VIRGINIAN-PILOT 
              Copyright (c) 1996, Landmark Communications, Inc.

DATE: Monday, September 30, 1996            TAG: 9609280142
SECTION: BUSINESS WEEKLY         PAGE: 14   EDITION: FINAL 
                                            LENGTH:   33 lines

BANKRUPTCIES

Bankruptcies, of business and individuals operating businesses, filed in U.S. Bankruptcy Court in Norfolk:

Bruce C. Phillips, Custom Woodwork, filed Chapter 7 liquidation on Sept. 5 with assets of $107,076 and liabilities of $132,166.

Custom Woodwork Inc. filed Chapter 7 liquidation on Sept 7 with assets of $2,925 and liabilities of $23,392.

Thomas Clifton Selden, North Stara Data Systems computer data entry, filed Chapter 13 debt repayment plan on Sept. 6 with assets of $139,167.85 and liabilities of $143,269.83.

George G. Jacobs and Donna L. Jacobs, truck driver, filed Chapter 7 liquidation on Sept. 5 with assets of $67,597 and liabilities of $108,916.

Ian B. Murphy and Clare C. Murphy, trading as Images Ad Graphics advertising, filed Chapter 13 debt repayment plan on Sept 6. Assets and liabilities were not available.

Kevin M. Taylor, doing business as Taylors BP or Taylors 76, filed Chapter 7 liquidation on Sept. 9 with assets of $26,783 and liabilities of $41,229.87.

Oliver Monroe Collins, maintenance contractor, filed Chapter 13 debt repayment plan on Sept. 10. Assets and liabilities were not available.

Linwood M. Johnson and Ann I. Johnson, Auburn Florist, filed Chapter 13 on Sept. 13 with assets of $116,394 and liabilities of $234,149.47.

Andrew D. Thow and Joanne M. Thow, trading as Soundscape, filed Chapter 7 liquidation on Sept. 17 with assets of $393,396 and liabilities of $441,541.

Gospel Music Television Network LLC, filed Chapter 11 reorganization on Sept. 18 with assets of $500,000 and liabilities of $676,150.70.

By Juanita Raisor by CNB