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that manufactures precast stone wallsx has filed for Chapter 11bankruptcy protection. Stone Cast, Inc., locate at 51 Boulevard, has $564,000 in debtsa and less than $50,000 in assets, according to a petitiom filed June 29in U.S. Bankruptc y Court in Albany. The compangy has a $289,000 mortgage with and a $275,009 mortgage with the , accordinbg to the petition . Company president Terry Karanikas couldn’t be reached for comment. The company’s telephone has been temporarilyg disconnected. “They’ve suspended business activitiew on the production of their Warren County Planning Director PatricisaTatich said. She said the company has been in businesss sinceabout 2000.
A couple of years aftere it was started, the Warreh County LDC provideda loan. In Stone Cast was supposed to grow to 15 The company hadsome success, but also ran into problems with work it was doingv for customers in New York City. “Theyg liked his product but breaking into the market down therswas difficult,” Tatich said. The attorney who file d the bankruptcy petition, Michael J. Toomey in Glens Falls, couldn’t be reached for comment.
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