December 15, 2000 Daily Bankruptcy News

December 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 on the Web (with links to the news stories) at: http://bkinformation.com/DailyNewsFrames.htm

Bankruptcy Reform: Bankrupt Bipartisanship Bankruptcy Reform Listed As Legislation With Bipartisan Support In New Administration Business Eyes Sympathetic Ear ____________ AHERF: Allegheny Health, Pa. creditors to receive $52 mln Pennsylvania Foundation's Bankruptcy Plan Leaves Many Hurting ____________ Imperial Sugar, Nation's Largest Producer, May File Bankruptcy Asbestos Woe Leads Burns & Roe Sub To File For Bankruptcy Relief Vlasic International Contemplates Bankruptcy As Troubles Mount Dotcoms: The new Scour- Users will pay No End in Sight for Dot-Com Layoffs Razorfish Has Some Explaining to Do Net consultancy Agency.com to cut 190 jobs Mortgage.com Names Lewis Freeman Assignee For The Benefit Of Creditors Online Mortgage Company's Asset Sale To Liquidate Firm Revenue plague strikes another Net consultant Organic Sinks on Restructuring, New CEO ____________ End may be near for Bradlees	Economy: Economic Slowing in Corporate America Dollar falls against all currencies ____________ California Energy Crisis: Could energy crunch bankrupt giant Calif. utilities? A money shortage compounds California's energy shortage Consumers may pay billions if utilities go bankrupt ___________ HCA To Pay $840M for Fraud Claim Telecoms: Bank of England Warns of Phone Debt TSR Wireless to Continue Operating During Chapter 7 Proceeding FCC wireless auction revenue tops $1 billion Digital Broadband lays off 85 percent of work force Quentra Networks Files Petition for Chapter 11 Bankruptcy Protection _____________ Iridium: VSNL to support revived project of Iridium A Satellite Company's Second Chance Iridium Satellite Cuts Costs ___________ Paul Harris may close 50 stores Court Approves DIP Financing for Wheeling-Pittsburgh Steel Corporation	New Bankruptcy Opinions (No new opinions today) Canada: January 9th creditors meeting set for Patriot Computer Corporation High-tech fliers among debt-worry list ______________ Japan: Bankruptcies rise 22.7%, but liabilities up 200% A rendezvous with bankruptcy _____________ Restructuring . . . Late Developments Derail Employee Solutions Restructuring Fremont General to cut work force by further 29 pct GTS Subsidiary Global TeleSystems -Europe- Ltd. Elects Not To Pay Interest on Senior Notes due 2008 Sanyo to restructure overseas units PPG says to restructure, take $50-$100 mln charge Merisel Announces New Focus for U.S. Operations CrossKeys secures much-needed C$8 million financing ______________ Investors want judge to reject Baptist Foundation's deal with insider Orlando, FL- Court lets bankrupt builder start work again on 19 houses Shareholders stand to lose millions - Group that held out for higher Delchamps stock price loses out with collapse of Jitney-Jungle Weather Forecast: Enter City, State, or Zipcode: