ASTORIA If someone answers the phone at Astoria or Gearhart Builders Supply Co. this morning, youre likely to hear, We are closed permanently as of 4 oclock yesterday.

Astoria Builders Supply was placed in receivership by the court July 27. Revitalization Partners, the Seattle-based firm the court assigned to manage the companys assets, argued that the company could not be saved at a hearing in late August.

It was very difficult for us to see how to make a deal people could live with without knowing what would happen with the properties, said Dennis Haydon, a principal at Revitalization Partners.

Astoria Builders Supply Co. owners Randy and Deborah Stemper could not be reached for comment.

SFRP Group LLC, the real estate holding company for the two Builders Supply stores, also owned by the Stempers, is in the midst of bankruptcy proceedings.

Haydon said that Astoria Builders Supply Co. and its subsidiary Gearhart Builders Supply Co. held discount sales for a week to liquidate the inventory. A commercial auction company, James G. Murphy Co., will hold an auction of the companys remaining assets in early October.

All this is done in order to attempt to get what we can for the creditors, Haydon said.

He said Builders Supply owes $1.2 million in bank debt to Columbia Bank and has about $1 million in accounts payable.

Probably none of the vendors will be paid, he said.