DATE: Monday, August 25, 1997               TAG: 9708230305

SECTION: BUSINESS                PAGE: D2   EDITION: FINAL 

                                            LENGTH:   31 lines

NEWS OF RECORD

BANKRUPTCIES

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

C&L Welding & Valve Services filed Chapter 7 on Aug. 8. Assets and liabilities were not available.

Town & Country Auto Service filed Chapter 7 on Aug. 11 with assets of 2,600 and liabilities of 33,235.33.

Park Place Redevelopment Ltd. filed Chapter 11 on Aug. 11 with assets of 193,000 and liabilities of 144,273.94.

Gull & Co. Heating & Cooling filed Chapter 7 on Aug. 11. Assets and liabilities were not available.

Morson, Inc., also known as Basic Electric, filed Chapter 11 on Aug. 11 with assets of 276,667.29 and liabilities of 1,753,688.30.

SCA,SCA, Inc., a restaurant business, filed Chapter 11 on Aug. 12 with assets of 450,000 and liabilities of 350,000.

Samuel Emmett Douros, retail/wholesale, filed Chapter 13 on Aug. 12. Assets and liabilities were not available.

B.A.C. Companies Inc., an insurance business, filed Chapter 7 on Aug. 14. Assets and liabilities were not available.

Adam D. Stroud, bar and grill business, filed Chapter 7 on Aug. 15 with assets of 405,927 and liabilities of 1,083,830.12.

Jeffrey M. Drees and Wanda Drees, Professional Hotel Services, filed Chapter 7 on Aug. 19 with assets of 6,670 and liabilities of 101,306.

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