December 21, 2000 Daily Bankruptcy News

December 21, 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

Asbestos: Manville's asbestos history lives on with fund's litigation Buffett to buy Manville _____________ SEC Chairman Announces Resignation Financial Accounting Standards Board Announces Additional Decisions Relating to the Treatment of Goodwill Icahn Loses Patience With Reliance Imperial Sugar Mulls Bankruptcy Protection To Fix Financial Woes PNV Files Voluntary Petition for Bankruptcy Reorganization; Company to Continue to Provide Uninterrupted Service to Customers Lernout & Hauspie: L&H execs conspired to commit fraud, KPMG says Future dims for Lernout & Hauspie ____________ Airlines: Stormy skies for startup carriers Legend gets more time to locate investors; bankruptcy court, creditors allow extension _____________ Emission credits at hub of bankruptcy NextWave: Regulators' Pet: Was NextWave Treated Disparately? NextWave Calls On Congressional Allies ____________ American Architectural Products Corp Files For Chapter 11 (WSJ: paid subscription required) Norfolk, VA: Radisson files Chapter 11	Corporate credit quality bad now, to get worse Western Utilities: Edison Says It Is Teetering On The Brink Of Bankruptcy Unless It gets A Big Rate Hike Calif. utilities risk imminent default, S&P warns- Grave risk of bankruptcy within weeks Utah Governor Expects Power Crisis To Last Years and to Affect Entire Western U.S. Tacoma, WA: City Council Puts 43 Percent Surcharge On Electric Rates As Municipal Utility "Flirts With Bankruptcy" California utilities, generators fail to reach deal Damage Control a Priority for Davis, Utilities Consumer Groups: Calif Utils Bankruptcy Claims Not True (WSJ: paid subscription required) ____________ Court Confirms ContiFinancial Plan of Reorganization Bankruptcies on the Decline Northwestern Steel & Wire Files Chapter 11 In Illinois (WSJ: paid subscription required) Former penny stock mogul Brennan faces more money laundering charges Benz Energy to Emerge From Bankruptcy Effects of KPC Medical clinic closings continue to reverberate Genesis Health extends claims deadline Mission Veijo, CA: Owner of Opulent Carwash Files to Liquidate Assets Ventas Incorporated - Ventas Receives Waiver On Amended Bank Agreement	New Bankruptcy Opinions (No new opinions today) England: Equitable faces new inquiry as board steps down ____________ Dotcoms: Will failed startups sue their VCs? The Site That Wouldn't Die CenterSpan Closes Acquisition of Scour Assets The fat lady and funny money- Dot-coms in crisis BroadcastAmerica to argue against conversion to Chapter 7 ___________ Delaware Bankruptcy Court Reinstated As Main Chapter 11 Court (WSJ: paid subscription required) World Plus Ponzi Bankruptcy Winds To A Close As Trustee Makes First Distribution After Suing Hundreds Of Investors Connecticut joins 43 other states in lawsuit against Western Union over New Valley bankruptcy Bankruptcy Reform Proponents Prepare To Push An Even Stronger Bill Next Year Portland, OR: Target In Capital Consultants' Union Trust Lawsuits Asserts Claims Against It Were Discharged in Its Bankruptcy Oklahoma City, OK: City's loan fails to avert company's bankruptcy Honolulu: Architectural firm Okita Kunimitsu & Associates Inc. files for liquidation Weather Forecast: Enter City, State, or Zipcode: