In re East Coast Abatement Co. Inc. (Bankr. E.D. Va.) Case no. 11-73560
East Coast Abatement Co. Inc. recently filed for Chapter 11 bankruptcy and, although no sale has been announced, the Debtor’s assets may be available for acquisition under the right circumstances. The Debtor is a provider of demolition and hazardous materials abatement services. The Debtor’s personal property consists of bank accounts with a disclosed balance of $7,167; accounts receivable booked by the Debtor at $10,854; an office trailer with office equipment and supplies valued by the Debtor at $16,400; demolition equipment valued by the Debtor at $752,500; and an inventory valued by the Debtor at $2,500. The Debtor’s income for 2009 was $168,217; for 2010 it was $168,217; and for 2011 to date it is $88,870.