
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, April 12, 1991                   TAG: 9104120544
SECTION: CURRENT                    PAGE: NRV3   EDITION: NEW RIVER VALLEY 
SOURCE: 
DATELINE: CHRISTIANSBURG                                LENGTH: Short

OWNERS OF CHARLEY'S CANCEL BANKRUPTCY FILING

The owners of Charley's restaurants have canceled a bankruptcy filing and are selling their Greensboro, N.C., location, co-owner Lee Miller said Thursday.

Charley's three other locations - one in Christiansburg and two in Roanoke - are doing "fine," Miller said. "We're open for business."

He said sale of the Greensboro restaurant should be complete this month, and the money will help pay off banks. He could not identify the potential buyer, he said.

"All we were trying to do was to see if we could revamp the restaurant," which opened last year, but the weakened economy didn't cooperate, Miller said.

Miller and William Armstrong, owners of Goggins Taverns Inc., filed for reorganization under Chapter 11 in bankruptcy court in Roanoke last month. The company owns the Greensboro and Christiansburg restaurants. The two Roanoke locations are under a separate company but have overlapping ownership.

Miller said the court has yet to approve the cancellation of the bankruptcy filing. Goggins Taverns had reported debt of $81,615 and assets of $162,702.

by CNB