December 1, 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 on the Web (with links to the news stories)  at:

Lernout & Hauspie: 

L&H says plenty of interest in businesses

Something Smells Funny at Lernout & Hauspie

Banks Seek Lernout & Hauspie Loans

L&H bankruptcy trips up Stonington Partners

Banks hurt by failure to read Lernout lips

Dictaphone -- a deal too far for L&H

Chronology - L&H's swift fall from grace

Lernout says US$100m case missing from South Korea unit

L&H May End Up in Pieces

L&H's Lernout: Should Have Had Professional Mngrs
(WSJ: paid subscription required)

Lernout & Hauspie Balance Sheet Isn't Whole Story
(WSJ: paid subscription required)

Creditors were ready to call in L&H loans

L&H bankruptcy confuses sector   


Professional Transportation Group To Wind Up - No Dividend To Unsecured Creditors Anticipated

U.S. Trucking, Inc. divisions petition to reorganize

Former U.S. bankruptcy court clerk admits to kickbacks

O.J. Simpson House Auction Postponed

Vultures Circling NorthPoint
(WSJ: Paid subscription required)

Denali Will Pursue Restructuring Plan

Asbestos hurts Federal-Mogul

Vencor seeks disclosure statement approval


Corporate credit quality in steep slide

Bankruptcy Pace for Individuals Is Accelerating as Rates Increase
(WSJ: paid subscription required)

Personal Income Drops for First Time in Nearly Two Years

Research Firm Expects Personal Bankruptcy Filings to Increase 15% Next Year

Outlook for Holiday Grows Dimmer, With Report on November Sales

Gateway Warns of Weak Holiday Sales, Putting Shudder Into Technology Sector


Judge Rejects A&P Objections to Sale

CRIIMI MAE Names Five Individuals To Serve on Expanded Board of the Reorganized Company

Supreme Beef Processors, supporters argue for court battle

Denver, CO- Bankrupt Uranium Magnate Oren Benton Sues Giant Canadian Uranium Producer Cameco, Claiming Breach Of Contract Led To Bankruptcy

Churchill's Fine Dining and Lounge - Antiques up for sale after a restaurant, marriage fail


Lawmakers- Harrah's tax cut must also be New Orleans cut

Park Place, Icahn file competing bids for Claridge

Icahn playing the spoiler in Claridge deal


Judge rejects Creditrust settlement - Woodlawn company suffers major blow in Bankruptcy Court; Deal with insurer nullified; Creditors' attorney says it would have shielded top executive




New Bankruptcy Opinions
(2 new opinions today)


Korea's Hyundai empire struggles to melt debt, reform

Hyundai Transfers Authority of Sale Of Headquarters Building to Main Creditor
(WSJ: paid subscription required)

When Bankruptcy Is a Good Thing



Japanese Government Cancels Sale Of Tokyo Sowa Bank to U.S. Group
(WSJ: paid subscription required)



Lack of confidence puts Argentina in debt trap



Empresas Colombo's bankruptcy requested by creditors


Dotcoms: Shareholders Approve Plan of Complete Liquidation and Dissolution Bankruptcy may be the prescription

CenterSpan explains strategy in Scour bid


Petsec Energy says U.S. unit emerging from bankruptcy


Telecom Firm Access Point Files for Bankruptcy

Defying All Odds, Iridium Is Saved



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