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:  http://bkinformation.com/DailyNewsFrames.htm

         
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   

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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

  Economy:

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

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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

Casinos:

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:

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

____________

Japan:

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

________________

Argentina:

Lack of confidence puts Argentina in debt trap

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Chile:

Empresas Colombo's bankruptcy requested by creditors

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Dotcoms:

MotherNature.com Shareholders Approve Plan of Complete Liquidation and Dissolution

Docplanet.com- Bankruptcy may be the prescription

CenterSpan explains strategy in Scour bid

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Petsec Energy says U.S. unit emerging from bankruptcy

Telecoms:

Telecom Firm Access Point Files for Bankruptcy

Defying All Odds, Iridium Is Saved

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