August 15, 2000 Daily Bankruptcy News

August 15, 2000 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 at: http://bkinformation.com/DailyNewsFrames.htm (Click on this link to view the Daily Bankruptcy News on the web, with links to the news stories)

Stability of Bankruptcy Bill in Air During Election Carmike: Moody's warns Carmike bondholders may lose 85 pct Moody's drops credit rating for Carmike _____________ Michael Petroleum Corporation Completes Restructuring Effort Computer Town in financial trouble; lays off staff Value America: Trading halted in Value America Value America- What's in a Name? Value America bankrupt; iMac buyers left stranded ___________ Stage Stores: Former BusyBody exec takes the Stage as new president of struggling chain Securities Beat- Loan to bankrupt Stage Stores causes 'blip' for Bank United ____________ Tri Valley Growers' woes leave tomatoes hanging AmeriServe vacates the premises iSolve Incorporated Purchases Inventory of Zeta Consumer Products Corporation in Bankruptcy Court Customers few in Globalstar orbit Levitz Reorg Plan To Proceed Geneva Steel Announces Third Quarter 2000 Results Aviva Announces First Half 2000 Results Raytech estimates $7.2 billion liability in asbestos claims Paracelsus Healthcare Corporation Reports on Second Quarter 2000 Financial Results and Status of Restructuring Efforts LINC Capital Bankruptcy? Wife's loan will bail out sock maker Bankruptcy Cancels Sale Of Mall Mechanicsville, Va., Bowling Company Says it Won't Make Interest Payment Cordage may sell assets Company files for bankruptcy	Reliance Group: Reliance mulls bankruptcy to restructure debt Reliance Group Hints of Bankruptcy Filing (NYT: free registration required) Reliance Group Posts Huge Loss, Considers Filing for Bankruptcy (WSJ: paid subscription required) Berkshire interested in some Reliance assets Reliance Group Reports Second Quarter 2000 Financial Results ___________ Ophidian: Ophidian says may file for bankruptcy, CEO resigns Ophidian Pharmaceuticals, Inc. Reports 3rd Fiscal Quarter Financial Results And Personnel Changes ____________ Comment- Bankruptcy bill adds insult to injury Glenoit and 7 affiliates file Chapter 11 bankruptcy Dotcoms: BusinessMall.Com to Oppose Bankruptcy Petition Filed by Disgruntled Employee German yuppies finding new fortunes in start-ups Failing dot-coms seek old remedies for money mess ___________ Creditrust auditor becomes a creditor PHILIP SERVICES CORP - Financial Results For The Quarter Ended June 30, 2000 Areas Of Inquiry For Government Bankruptcy Privacy Study Trend Lines' 8-K Medical Resources, Inc. Reports Second Quarter 2000 Results Prime Retail, Inc. Reports Second Quarter Funds From Operations Of $3.1 Million, Revises FFO Expectations for 2000, and Updates Status of Lehman Brothers Loan Negotiations and Debt Compliance Matters Mossimo still struggling with sinking profits SEC Wants Former Penny-Stock Tycoon Brennan's Overseas Assets	New Bankruptcy Opinions (1 new opinion today) Indonesia: Indonesia's IBRA wins second bankruptcy suit __________ Japan: Japanese Stock Prices Close Higher Yen Weakens as Traders See BOJ Moving Too Soon in Rate Boost ANALYSIS-Japan rate cliffhanger a moral, political fight Tokyo Markets Have Low-Key Reaction to High Drama Over Rate Hike Investors See Japan Rate Rise as a Step Forward- Taking Stock Japan's Bankruptcies Jump in July, With a Record $39.25 Billion in Debt (WSJ: paid subscription required) __________ Canada: Justices Criticize Use Of Canadian Bankruptcy Laws Anglican Church cuts budget, staff 'No need for apology' _____________ Korea: Hyundai Announces Major Restructuring Hyundai announces package to ease liquidity ____________ Russia: Donetsk mines filing for bankruptcy in droves _____________ China: Foreigners eye big picture ____________ Germany: DB-Cargo Facing Bankruptcy? _____________ Another Grand Union Bankruptcy Possible? Man in alleged Ponzi scheme dead Weather Forecast: Enter City, State, or Zipcode: