ROANOKE TIMES
Copyright (c) 1997, Roanoke Times
DATE: Saturday, January 11, 1997 TAG: 9701130095
SECTION: BUSINESS PAGE: A-5 EDITION: METRO
Video rental stores face investigation
The U.S. Labor Department said Friday its Wage and Hour Division will investigate video rental stores throughout Southwest Virginia and West Virginia to see if they are complying with minimum wage and overtime laws.
The probe, to begin Monday, will concentrate on independently owned video stores. Specific stores were not mentioned in the announcement.
The Fair Labor Standards Act generally requires employers to pay the new minimum wage of $4.75 an hour and overtime at 11/2 times the hourly rate after 40 hours. They must make sure any 14-or 15-year-old employees are working in compliance with child labor laws.
Employers or employees with questions about the law should call the Wage and Hour Division in Charleston, W.Va., at (304) 347-5206.
-Associated Press
Bankruptcies
Nine bankruptcies with business affiliations have been filed in the U.S. Bankruptcy Court for Western Virginia at Roanoke. Two of them are personal bankruptcies the court listed as businesses because they have commercial connections and could be of interest to business creditors and customers.
*Bankers Optical Inc. of Williamson Road in Roanoke, which sells and finances prescription eyewear, filed for reorganization and protection from creditors. Harry W. Brown, president, estimated both assets and liabilities at less than $50,000.
*Credit Tire and Audio Inc. of Williamson Road in Roanoke, which sells and finances tires, filed for reorganization and protection from creditors. Harry W. Brown, president, estimated both assets and liabilities at more than $100,000.
*USA Rents Inc. of Williamson Road in Roanoke, which rents personal property with option to buy under contract, filed for reorganization and protection from creditors. Harry W. Brown, president, estimated assets at more than $100,000 and liabilities at more than $50,000.
*Danny & Diana Allen Trucking Inc. of Jonesville filed for liquidation. The company had no assets and liabilities of $135,959.
*Gary D. McClanahan and Tammy L. McClanahan of Roanoke, who sell computers and do commercial painting, filed for liquidation with assets of $16,350 and liabilities of $60,550.
*Otis Lee Walker Jr. of Salem filed for liquidation with assets of $8,200 and liabilities of $15,220. He operated Gone Fishin, a fishing supply store.
*Kelley L. Dooley of Vinton filed for liquidation with assets of $117,762 and liabilities of $116,654. She operated the Corner Cupboard, an antique and gift shop.
*William D. Meador and Elaine J. Meador of Roanoke filed for liquidation with assets of $111,096 and liabilities of $129,767. Elaine J. Meador operated Classic Victorian Creations.
*Donald R. Hodge of Christiansburg, operator of Donald Robert Hodge Trucking, filed for liquidation with assets of $21,135 and liabilities of $27,431.
-Staff report
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