August 29, 2000 Daily Bankruptcy News

August 29, 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)

Consumer Spending Cools, Impact Could Be Felt In Coming Months Debtor and Investment Banker Clash Over $11,000/Hour Professional Fee (WSJ: paid subscription required) Video City: FleetBoston Sued by Philadelphia Video Rental Chain Over High-Risk Loan FleetBoston unit accused in suit of pushing firm into bankruptcy ____________ Iridium: Drop an Iridium on someone? Iridium Draws Last-Minute Bid as Motorola's De-Orbiting Plan Looms ____________ Baptist Foundation of Arizona Files Accounting Malpractice Lawsuit Against Arthur Andersen LLP Lingerie Legend Battles Failing Biz And Trashy Image Geneva Steel Company Files Plan of Reorganization Cash Crunch Forces JD Services Into Ch. 11 Cude Drilling files Chap. 11 Former tannery workers ask Firstar to move to back of line in bankruptcy case Edwards Theaters: Bankruptcy Judge Lets Edwards Keep Running in Reorganization Proud Edwards Theater family lets history speak for itself Potential Buyer for Newhall Mall Pulls Out After Tenant Edwards Theaters Files for Bankruptcy Outsider to Oversee Edwards Reorganization _____________ Box office fizzles in summer heat Megaplexes write new theater script Warning Of Bank Default Clips Loews Harnischfeger elects CEO Hanson chairman	Tokheim: (Delaware) Tokheim and six affiliates file chapter 11 bankruptcy - Assets $691 Million, Debts $700 Million Tokheim Corp Files For Chapter 11 Bankruptcy In Delaware Tokheim Corp. To Seek Court OK for $48 Million DIP Financing Tokheim Commences Prepackaged Financial Restructuring Proceeding Under Chapter 11 With Strong Bank and Bondholder Support ___________ FirstCity Completes Sale of 49% of Its Auto-Lending Unit; Completes Corporate Debt Restructure Silicon Valley Bankruptcy Crime Crackdown: Grand jury indicts Fremont and Newark businessmen in probe of alleged bankruptcy abuse Bankrupt retail chain sets Stage to auction off leases in 30 states Retired Law Firm Partners Lose Appeal Kitty Hawk Panel Seeks To Avoid Bond Guarantee Heilig-Meyers gives up on its three Sacramento area stores Dotcoms: Ripple Effect: Analyst Questions Valuation, 2nd-Half Outlook for Yahoo SafetyTips Sends APBnews to the Tribal Council Privacy Precepts Learned the Hard Way Dot-coms' latest worry- Delistings Online retailers take steps to avoid doom: Dreams of dot-com riches have quickly evaporated into something decidedly Darwinian Hanover, Pa., Internet Hat Retailer Falls Victim to Drought of Venture Capital ___________ Board Alleges Ameriserve Violated Severance	New Bankruptcy Opinions (1 new opinion today) New Articles Posted In Links Section (2 new articles) Whose bankruptcy is next? Japan: Japan's Taisho Life shut after officials arrested Insurer on verge of collapse Taisho Life shut after fraud probe Bankrupt Taisho Life closed after fraud probe Life Assurance Board Members' Arrest Reawakens Concerns About Unorthodox Practices ____________ Korea: Woobang Declares Insolvency Sagging Kosdaq market badly hurts Hyundai, LG Chung M.H. to strip Hyundai Engineering of holding status ____________ Hospitals' financial outlook is gloomy Loan lets KPC pay its workers Kemper Military School to open despite bankruptcy A Matter of Taste Gourmet Market waves white flag- Bankruptcy- Owners said business wasn't good enough Two Eastside clinics perform triage after EMA closure Bankrupt California Agribusiness Gets More Help from Government Ignorant and discredited IAAF ignore experts at their peril as bankruptcy looms Investors to buy Crown Vantage US appliance sector set for rough ride KPC Medical Still Awaiting $31-Million Bailout Loan Vancouver, Wash., Telecommunications Company Auctions Assets Weather Forecast: Enter City, State, or Zipcode: