Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SATURDAY, September 16, 1995 TAG: 9509180049
SECTION: BUSINESS PAGE: A4 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
Organizers of the proposed Cherry Hill Club have set Sept. 20 as their deadline for soliciting members for the proposed sports and dining facility.
A letter received Friday by 3,000 families in Roanoke and Roanoke County said next Wednesday is the final deadline for buying a membership. Barton J. Wilner, who is leading the drive to sign up 300 families in order to establish the club, said Friday that the property's owner, Carilion Health System, extended until Wednesday the organizers' option to buy the South Roanoke mansion.
About 160 families have already signed up, Wilner said.
If the goal of 300 is reached by Wednesday, the club will go forward, he said. If the drive falls short on that date, "then it's over."
Only 65 families had signed up before Labor Day weekend, when organizers voted to drop the initiation fee to $1,000 and the dues to $100 a month. Any interested person can call Wilner at 982-1959 or deliver a check for the initiation fee to his home at 2709 Crystal Spring Ave.
- Staff report
VF Corp. expects big earnings drop
VF Corp., Wyomissing, Pa., parent of Bassett-Walker Inc. of Martinsville, said Friday it expects third-quarter earnings to be 20 to 25 percent below 1994 levels, citing poor sales in the back-to-school selling season. VF intends to cut production.
"The back-to-school season - typically a high-volume period for VF - unexpectedly stalled this year, falling far short of our plans and expectations," said chairman Lawrence Pugh.
"Possible reasons include exceptionally warm weather in much of the country and consumers buying closer to need. Whatever the cause, the result is that we are initiating aggressive action to curtail both production and inventory," he said.
VF expects to report third-quarter results Oct. 18.
- Staff report
Bankruptcies
Eight bankruptcies with business affiliations have been filed in the U.S. Bankruptcy Court for Western Virginia at Roanoke. Four 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.
Arturo's Inc., a restaurant on Williamson Road in Roanoke, filed for liquidation listing assets of $1,202 and liabilities of $111,320. Also, Paul E. DaSilva and Jayne Rene DaSilva of Roanoke, president and vice president, respectively, of Arturo's, filed for liquidation. They listed assets of $55,181 and liabilities of $166,584.
David Begley of Big Stone Gap, trading as Dave's Guttering and Construction, sought liquidation with assets of $192,325 and liabilities of $299,622.
David Glenn Parr of Roanoke, owner of Computer Tech Inc., filed for a wage-earner plan for repayment of debts. He had assets of $84,500 and liabilities of $72,771.
Ramona D. Wilber of Wilber Chiropractor Center in Roanoke filed for a wage-earner plan for repayment of debts. She showed assets of $103,284 and liabilities of $218,716.
Stephen D. Everette and Vickie S. Booker of Blacksburg filed for a wage-earner plan for repayment of debts, estimating assets at less than $50,000 and liabilities at more than $100,000. Booker operates University Building Block Inc.
Tina Maria Redd, who does business as Second Fitting Alteration Shop in Roanoke, filed for a wage-earner for repayment of debts. She had assets of $36,472 and liabilities of $33,821.
Gordon Daniel McKenna and Elizabeth Sidner McKenna of Roanoke filed for liquidation, listing assets of $6,794 and liabilities of $11,077. Gordon McKenna is a painting contractor.
by CNB