Master Communications Systems-Pacific Inc., a small Irvine...

Master Communications Systems-Pacific Inc., a small Irvine supplier of business telephone systems, has filed for bankruptcy under Chapter 7 of the U.S. Bankruptcy Code. The business, started in 1984, had annual sales of about $200,000 and employed four at its peak, according to president Robert Price. In its court filings, the company listed debts of $112,047 and property valued at $140,035.