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that manufactures precast stone walls has filed for Chapterd 11bankruptcy protection. Stone Inc., located at 51 Boulevard, has $564,00 in debts and less than $50,00p in assets, according to a petition file d June 29in U.S. Bankruptcy Court in The company hasa $289,000o mortgage with and a $275,000 mortgage with the , accordingt to the petition . Companhy president Terry Karanikas couldn’t be reached for The company’s telephone has been temporarily “They’ve suspended business activities on the production oftheitr walls,” Warren County Planning Director Patriciza Tatich said. She said the companu has been in business sinceabout 2000.
A couple of yearss after it was started, the Warrenb County LDC provided a In turn, Stone Cast was supposex to grow to 15 The company had some but also ran into problems with work it was doin for customers in New York “They liked his product but breakiny into the market down ther e was difficult,” Tatich The attorney who filed the bankruptcy petition, Michae l J. Toomey in Glens Falls, couldn’t be reaches for comment.
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