December 20, 2000 Daily Bankruptcy News

December 20, 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: Clinton Vetoes Bankruptcy Bill White House Statement: Memorandum Of Disapproval - The Bankruptcy Reform Act of 2000 Time runs out for U.S. bankruptcy overhaul Banks' bankruptcy bill stuck in a pocket _____________ DIMAC Receives Court Approval of Reorganization Plan, Sets Stage for January Exit From Chapter 11 Court Confirms Levitz Reorganization Plan Lernout & Hauspie: Lernout & Hauspie Audit Shows Errors L&H internal probe shows fraud extent L&H CEO vows to correct problems uncovered in audit ___________ Auto Industry: Chrysler Chief Has Hope For Company Chrysler to restructure in six areas, take charge ____________ Asbestos: Management Says That For Armstrong, Bankruptcy Is Lesser of Two Evils (NYT: free registration required) Bank seeks $550M to prevent Federal-Mogul from filing for bankruptcy _____________ Lehman Bros. resumes gaming industry coverage, urges caution in investing High River Limited Partnership Announces Tender for Reliance Bonds	Jitney Jungle: Winn-Dixie Gets Bankruptcy Court Approval To Buy 68 Grocery Stores And 32 Fuel Centers From Jitney Jungle Court Approves Jitney Jungle's Plan and Sale of Stores _____________ Now That's A Bonus! Susman Godfrey Gives Associates Huge Bonuses Sun Healthcare Sells Subsidiary Sportswear Makers Chorus Line Files for Bankruptcy Protection Telecoms: Telecoms call for help Lightyear, VarTec offer $21.4M for bankrupt NETtel __________ Gretzky is secret ingredient in celebrities' Planet Hollywood lawsuit Laclede Steel's Chapter 11 Plan Confirmed, Deals Pending Economy: Souring Loan Portfolios Bode Ill for Economy ____________ Dotcoms: APBNews.com Staff Returns After Paychecks Arrive Dot-coms paid to pack - Landlords dangle cash to make room for longer-lasting tenants Maingate turns up AWOL - Closure of military Web site leaves customers, employees wondering New owner pulls golf e-tailer Chip Shot out of the rough ____________ Boston, MA- Brew Moon hits 'Rock Bottom'	New Bankruptcy Opinions (1 new opinion today) Japan: Bad loans continue to beset banks in Japan ___________ China: Dotcom lay offs continue ______________ Russia: Mil Avoids Bankruptcy, Creditors Irked Mosenergo Gets Tough With Debtors _____________ Restructuring: Cummins Plans More Layoffs Analysts International begins restructuring ______________ California Utilities: California Governor Says Utility Customers Will Have To Bear Part Of The Burden To Avoid Having Utilities Tumble Into Bankruptcy Facing Bankruptcy, Utilities Seek 30% Hike ____________ Imperial Home Decor Group Inc. Files Plan of Reorganization and Accompanying Disclosure Statement Dynacore Holdings Corporation -- Formerly Datapoint Corporation -- Amended Plan of Reorganization Becomes Effective Memphis, TN: Wang's International hits tech snag, files bankruptcy protection Weather Forecast: Enter City, State, or Zipcode: