December 26, 2000 Daily Bankruptcy News

December 26, 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/News/DailyNews.htm

With economy downshifting, bankruptcy lawyers needed Outboard Marine: Outboard Marine Files Chapter 11 Boat maker files for Chapter 11, lays off 598 at Calhoun plant Boating Giant In Chapter 11 Bankruptcy OMC workers left out in the cold ____________ Cavion Tech Files for Chapter 11 Bankruptcy Asche Transportation Services, Inc. Files for Bankruptcy Globe Manufacturing: Involuntary Chapter 11 Filing Bradlees: Bradlees signs deal to liquidate - Boston Herald reports Report- Bradlees To Liquidate Retailer Bradlees reportedly to liquidate; 10,000 jobs at risk Bradlees reported ready to liquidate Bradlees Expected To Go Out Of Business Bradlees declines comment on reports it may liquidate ____________ Icahn, Steinberg Battle Over Reliance American Aircarriers Support Incorporated to Be Delisted Patriot Computers: Barbie's Not Happy: Mattel files $21 million Patriot claim When 'Barbie' goes bankrupt Hot Wheels, Barbie PCs Missing Under Trees This Holiday __________ Growers support Tri-Valley sale Job Woes Hit Wall St Amid Record Profits Airlines: Legend still hopeful it can resume flying _____________ Long Island, NY: Shellfish operation Aquaculture Technologies goes to bankruptcy court Sugarplum Fairies and ... Pink Slips MicroAge sale means layoffs Telecoms: Telecom-Tower Firms Teetering Telecommunications Firms Brace for Turbulent Year ___________ Paul Harris to close Downtown location Lone wolf takes a stab at distressed movie theaters	Coram: Coram's Reorganization Plan Not Approved Coram must redo bankruptcy plan __________ Shareholders fight AgriBioTech liquidation plan Anicom To Fold As Lenders Pull Plug Virtual Technology files bankruptcy Xerox: With $3.2b Value, Xerox Looks Like Takeover Target Xerox warns of a decline in fourth-quarter profits - No comment on bankruptcy speculation CEO's reassurances don't save Xerox stock from fall ___________ Bankruptcy Reform: Despite gridlock, some progress likely on bankruptcy reform Tougher bankruptcy law should resurface in 2001 ____________ Power Utilities: Electricity rates must rise, state regulators declare Edison Int'l Axes Dividend, Cuts Jobs Calif. utilities to increase rates Customers protest, but companies say bankruptcy looms Consumers Bitter as They Await Electricity Price Hikes Edison, PG&E Stocks Skid on Solvency Concerns Bankruptcy risk remains for utilities On the heels of November rate bump, financially strapped Philadelphia Gas Works seeks new 24 percent rate increase Everyone's in the tussle over the price of power ____________ Dotcoms: It Was Good While It Lasted Aerospace Industry Eyes Dot-Com Demise with Glee Cyber Santa- HO, HO, NO! With the Downturn, Many See New Frailties in the New Economy Legacy.com may write own obit Bankruptcies, job cuts hurt dotcom revolution Stock options boomerang on start-ups ___________ Gaming Industry: Gaming analyst sounds earnings warning Leaving Las Vegas Vacation Village says lenders let company down ____________	New Bankruptcy Opinions (1 new opinion today) England: Hamilton expects to be bankrupt The High Court of the United Kingdom Approves AXA's Proposals For The Financial Reorganization of the Inherited Estate of AXA Equity and Law ____________ Mexico: Celebrando Denies Bankruptcy _____________ Japan: Chiyoda Life's negative net worth Y511 bln _____________ Laidlaw trades halted - New York exchange moves to delist Ontario-based firm Finova bailout may not save firm Restructuring: Cinram to take restructuring charge in fourth quarter 2000 OXBOW Equities Announces Corporate Restructuring Actions and Additional Financing _____________ Lernout & Hauspie: Belgian court investigates fraud at L&H Lernout & Hauspie's $35M DIP Loan Faces Opposition ____________ Judge OKs creditor's motion to rescind Spintek's bankruptcy protection BroadcastAmerica's assets at stake State tax commission files claim in Aryan Nations leader's bankruptcy case Prime Retail Closes on Loans Totaling $120 Million, Completes the Sale of Four Outlet Centers and Extends the Terms of Two Other Loans Looming Default Forces Steel Firm Northwestern Wire & Steel To File Chapter 11 Orlando, FL: Princeton Hospital staff will finally get 1999 checks through bankruptcy distribution National Boston Medical Resumes Normal Operations Under Plan Of Re-Organization Norfolk, VA: Bankruptcy deal clears pay day for Radisson employees Kaiser Out of Chapter 11 Rite Aid CEO battles time in comeback New ICG chief good at turnaround Weather Forecast: Enter City, State, or Zipcode: