DATE: Monday, July 14, 1997                 TAG: 9707120265

SECTION: BUSINESS                PAGE: D2   EDITION: FINAL 

                                            LENGTH:   33 lines

NEWS OF RECORD

BANKRUPTCIES

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

GBF Contact Lenses Inc. filed Chapter 11 reorganization on June 24 with assets of $129,634.62 and liabilities of $746,106.10.

Advance Systems Technology Inc. filed Chapter 11 reorganization on June 24 with assets of $2,745,000 and liabilities of $3,011,783.

Richard Norman Willard, physician, and Donna Warner Willard filed Chapter 7 liquidation on June 25 with assets of $204,662 and liabilities of $321,697.

Stephen N. Smith, painter, filed Chapter 13 debt repayment plan on June 26 with assets of $5,304 and liabilities of $18,040.

Craft America Corp. filed Chapter 7 liquidation on July 1 with assets of $550 and liabilities of $160,152.

1764825 Inc., retail/wholesale, filed Chapter 7 liquidation on July 1. Assets and liabilities were not available.

Ehrenfried Technologies Inc. filed Chapter 11 reorganization on July 3 with assets of $800,000 and liabilities of $1,634,257.54

Byrd Farms Inc. filed Chapter 11 reorganization on July 3 with assets of $3,028,090 and liabilities of $3,872,276.75.

CONTRACTS

States Roofing Corp. in Norfolk received a $660,348 contract for reroofing the DCE building at St. Brides Correctional Center in Chesapeake.

The TAF Group received a $1.6 million contract for the Creeds Fire/Rescue Station No. 6 in Virginia Beach.

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