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:

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



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 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


Souring Loan Portfolios Bode Ill for Economy


Dotcoms: 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)


Bad loans continue to beset banks in Japan



Dotcom lay offs continue



Mil Avoids Bankruptcy, Creditors Irked

Mosenergo Gets Tough With Debtors



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


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