December 18, 2000 Daily Bankruptcy News

December 18, 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: An Unfair Bankruptcy Bill (NYT: free registration required) Punitive measure New President, New Economic Priorities, But 50/50 Split In Senate May Make Bankruptcy Reform Questionable Congress Adjourns, Bankruptcy Reform Legislation Likely Doomed Through Veto ___________ Natural Wonders files for bankruptcy protection Congress clears sweeping U.S. derivatives overhaul 3DFX Announces Three Major Initiatives to Protect Creditors and Maximize Shareholder Value Asbestos: Hope the $1 Million Isn't Already Spent _____________ Benz Energy to survive Tri-Valley: Tri Valley Growers sale may hit roadblock Tri Valley - the end ... and a beginning ____________ California Power Crisis: Calif. Power Cos. Reaping Profits Bankruptcy isn't near for PG&E Mixed Message From Edison Is Making Critics Skeptical California Utilities Face Financial Crisis SCE Says FERC Order Fails to Protect Californians From Unjust and Unreasonable Electricity Prices Poll Says San Francisco-Area Residents Knew about Impending Energy Crisis PG&E shareholders doing fine despite bankruptcy scare ___________ Bankruptcy Court Approves Adequacy of Vencor's Disclosure Materials Brooklyn, NY: Bankruptcy Judge Orders Recalcitrant Boat Dealer To Appear in Court Iridium: Details emerge as Iridium's transfer of power wraps up _____________	Bradlees in talks with lenders, may liquidate Celebrity Athletes Sue Planet Hollywood For Rejection of Memorabilia/Personal Appearance Contracts Bank seeks loans to save auto supplier - Federal-Mogul bankruptcy would hurt Chase, so it pursues investors Economy: U.S. Debt: Payback Time? Consumer Prices Edge Up; Industrial Output Falls _____________ Lernout & Hauspie: We Told You So A Failure to Translate a Promise Voice-Recognition Firms Failure Holds Painful Lesson for Europeans Lernout to detail restructuring _____________ Airlines: The groundlings Fresno, Calif.-Based Airline Blames Bankruptcy On Fuel Costs Sun Country hoping to put end to losses _____________ Restructuring: Aetna seen cutting jobs, issuing forecast Beyond.com Restructures eStores Offering to Improve Path to Profitability Company To Discontinue eStore Agreement With Symantec _____________ Telecoms: Anxiety Over European Telecoms' Debt Denver, CO: ISP Jato lays off 50 as talks founder Flashcom quake shakes up ISPs Concerns about telecom sector grow beyond U.S. ____________ Movie Theater Industry: Regal Cinemas Blocked from Making December 15, 2000 Interest Payment on 8-7/8% Debentures Exhib Silver's Salve ___________	New Bankruptcy Opinions (No new opinions today) Japan: Bad loan total hits 33 tril. yen on rise in small banks' debt Japan's finance minister says economy is faltering Japan authorities begin bankruptcy steps for Kansai Kogin _____________ Russia: Russian media baron faces bankruptcy Russia Wants Liquidation of Media Most _____________ Australia: Insolvency Practitioners Prepare For A Busy Year As Banks Tighten Lending Banks run up highest foreign debt in the West _____________ England: Lawyer drove woman into bankruptcy - MP ______________ Imperial Sugar: S&P cuts Imperial Sugar subordinated debt Imperial Sugar considers bankruptcy ____________ Dotcoms: The Demise of a Dot-com And Its Dream Hunting in the Internet Graveyard 5-Finger Severance Can't sell toys at Christmas Fraud cases on the rise among high-techs Dot-Coms Following the Path of Model T's Long-Suffering APBNews Finally Gets Snuffed Out EToys- Sales Well Below Estimates Cyberscam Turns Kid's Hope To Tears _____________ Wheeling-Pitt blames bankruptcy on foreign imports BioShield execs head for the exits Weather Forecast: Enter City, State, or Zipcode: