January 10, 2001 Daily Bankruptcy News

January 10, 2001 Daily Bankruptcy News Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet AND BKCLAIMS Marketplace - The Online Market For Bankruptcy Claims Also available on the Web (with links to the news stories) at: http://bkinformation.com/News/DailyNews.htm

Planning for Bankruptcy Rise in 2001 Dotcoms: Disney Offers $50,000 For Toysmart List Settlement made in Toysmart case to protect customer names Toysmart Case Could Affect Dot-Coms Traditional Firms Cut Dot-com Staff A Tale of Two Sites - iSeatz.com Goes Global While Competitor Foodline.com Files for Bankruptcy Net Industry 'Layoff Tracker' Axes Employees ___________ Gaming Industry: Casinos go to stalking-horse auction Former Louisiana governor gets 10-year prison term in casino corruption case _____________ Movie Theater Industry: United Artists hopeful reorganization plan will be approved Anschutz Buys Stake in Regal Cinemas _____________ Steel Industry: Steelmaker-aid plan draws industry flak as market softens Lawmakers To Meet On Steel Legislation _____________ Athey Approved to Continue Use of Cash Collateral Telecoms: DSL Not A Sure Bet - Vendors Must Tread Carefully In 2001 Covad Says More Customers Aren't Paying _____________ DeGeorge Financial Corporation Announces Changes to Pending Plan of Reorganization Memphis, TN: Furniture Company Fleming Fine Furniture Files Chapter 11 L&H recovery plan calls for asset sale	Xerox: Xerox says no plans to file for bankruptcy Xerox denies report it hired adviser for planned bankruptcy Xerox Hires Adviser but Says It Is Not Planning Bankruptcy (NYT: free registration required) Xerox Rebuts Bankruptcy Report, Still Falls Xerox to detail cuts plan to staff Xerox to get $435 mln financing from GE Capital ______________ Bankruptcy Reform: Bankruptcy reform to get another shot under Bush ____________ Pacific Gateway Exchange: 5 U.S. Units File Chapter 11 Junk bond defaults surge in 2000 Economy: Poll: Faith in economy slipping Consumer Debt Rises Faster _____________ Wards Has Not Yet Set Closing Dates for Its 250 Stores Supreme Court Decision On Insolvent S Corp COD Taxation: Supreme Court Sides With Shareholders In Dispute About Taxes In Insolvent S Corps The Opinion: Glitz v. CIR _____________ TWA: TWA expected to file Chapter 11 Is TWA Planning A Bankruptcy To Strip Off Carl Icahn's Karabu Contract? Workers curious about future with reported deal looming TWA Board OKs American Takeover ___________	New Bankruptcy Opinions (1 new opinion today) Canada: Canadian banks said exposed to risk in steel sector Patriot Computer's Trustee Reports to Creditors ______________ China: China's TITIC faces loan payment problems ____________ Power Utilities: S&P says Davis speech bodes ill for Calif utilities Utility fears hit US banks California's Energy Woes Persist Power Hungry in California - Are Other States Next? Shares of Edison, PG&E Resume Slide Bush Blames Calif Power Crisis on Lack of U.S. Energy Plan ______________ Store closures may chill U.S. real estate market Stage Store To Dispose Of 118 Leases In 16 States Empire Of Carolina Announces Proposed Sale Of Three Subsidiaries Bargain Hunters Sift Through Nasdaq Georgia-Pacific ready for any increase in asbestos suits Officeland Voluntarily Surrenders Assets To Lender Rosemont, Ill., Wire-Cable Distributor Anicom, Inc. Files Bankruptcy Aryan land heads for auction block - Butler's compound, personal belongings; seized to satisfy bankruptcy creditors Outlook appears bitter for Imperial Sugar Dallas, TX: Involuntary Petition Filed Against Heritage Southwest Medical Weather Forecast: Enter City, State, or Zipcode: