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

DATE: SATURDAY, October 29, 1994                   TAG: 9410310020
SECTION: BUSINESS                    PAGE: A6   EDITION: METRO  
SOURCE: 
DATELINE:                                 LENGTH: Medium

IN BUSINESS

Five bankruptcies with business affiliations have been filed in the U.S. Bankruptcy Court for Western Virginia at Roanoke. Three 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.

Danbar Enterprises Inc., trading as B-in-Touch Cards and Gifts on Electric Road in Salem, sought liquidation, estimating both assets and liabilities at less than $50,000.

Michael Timothy Ramey of Penhook, owner of Furniture Doctor, a furniture upholstery and repair shop at Martinsville, filed for liquidation as a business, listing assets of $15,875 and liabilities of $22,386.

Doyle Tyrone Gouge of Coeburn sought liquidation with assets of $1,100 and liabilities of $19,040. He had an interest in Video Shack at Clintwood, which closed in August.

Jimmy D. Gray of Vinton filed for liquidation, showing assets of $75,567 and liabilities of $164,840. He formerly ran JLC Auto Body.

Robert W. Campbell of Roanoke filed for a wage earner plan for repayment of debts, listing assets of $21,860 and liabilities of $33,681. He said he is a professional guitarist.

-Staff report

Briefly ...

LADD Furniture Inc., High Point, N.C., parent of American of Martinsville, said Friday its directors have authorized repurchase of up to 1 million shares of the company's common stock, representing about 4 percent of the stock outstanding. "The directors believe that the recent decline in LADD's stock price does not properly reflect the value of the company's present strength and future earnings potential," said LADD chief executive Richard Allen.

Intermet Corp., Atlanta parent of Lynchburg Foundry Co. in Radford, on Friday named John Doddridge chairman and chief executive officer, effective immediately. Doddridge, 54, previously vice chairman of Magna International Inc., succeeds George Mathews, 67, Intermet's founder and major shareholder. Mathews will continue as a director.

Memo: ***CORRECTION***