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

DATE: Monday, September 2, 1996             TAG: 9608310266
SECTION: BUSINESS WEEKLY         PAGE: 05   EDITION: FINAL 
SOURCE: By Juanita Raisor

                                            LENGTH:   49 lines

DIGEST

BANKRUPTCIES

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

Colleen Donna Walker, trading as Palace Jewelers, filed Chapter 7 liquidation on Aug. 15. Assets and liabilities were not available.

Metinamae Vicera Heitkamp, doing business as The International Melting Pot, filed Chapter 7 liquidation on Aug. 21 with assets of $11,291 and liabilities of $75,565.

Timothy Jasper Hensley Sr. and Felisa Fely Hensley, carpet installer, filed Chapter 7 liquidation on Aug. 22 with assets of $110,945 and liabilities of $127,794.

Kenneth Matthew Drexler and Angela Fay Drexler, trading as AKlean general contractor, filed Chapter 7 liquidation on Aug. 22. Assets and liabilities were not available.

Keith James Wilson Sr. and Regina Lee Wilson, trading as K. Masonry, filed Chapter 13 debt repayment plan on Aug. 23. Assets and liabilities were not available.

CHAG Corp., trading as Club Rumors restaurant and night club, filed Chapter 11 reorganization on Aug. 26 with assets of $1,405 and liabilities of $27,021.71

Penny Lou Pease hair salon, filed Chapter 7 liquidation on Aug. 27 with assets of $124,667 and liabilities of $135,855.73.

Knitting Mill Inc., trading as 25th Street Auto & Truck Repair, filed Chapter 7 liquidation on Aug. 28 with assets of $76,902.98 and liabilities of $21,605.38.

Blasting & Painting Industrial Products Inc., doing business as B&P Industrial Products marine sales, filed Chapter 7 liquidation on Aug. 29 with no assets and liabilities of $7,890.

CONTRACTS

Virtexco Corp. in Norfolk received a $2 million contract for a City View Park in Virginia Beach.

Asphalt Roads and Contractors Paving received a joint $2.9 million contract for resurfacing and various maintenance in Virginia Beach.

CBC Enterprises Inc. in Norfolk received a $3.3 million contract to renovate existing buildings 249 and 250 at the Naval Medical Center in Portsmouth.

Mid Eastern Builders Inc. in Chesapeake received a $1.7 million contract for interior modifications of Oakleaf Forest in Norfolk. by CNB