December 29, 2000 Daily Bankruptcy News

December 29, 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

Montgomery Ward Montgomery Ward Files Ch. 11 GE Capital sees "no material effect" from Ward bankruptcy Retailer Montgomery Ward set to shut its doors News leaves customers with plenty of questions Montgomery Ward To Shut Down Stores Wards' Closure to Cost 28,000 Workers Their Jobs Montgomery Wards Bankruptcy Is an Embarrassing Failure For GE San Leandro Mayor Bemoans Montgomery Ward Closure ___________ Asking About Asbestos - Viacom Lernout & Hauspie tries again Warren Buffett turning to junk bonds SystemOne Technologies Announces Deal With Safety-Kleen Is Fully Effective Power Utilities: Don't Blame the Power Crisis on Deregulation California power woes crimp stranded cost bonds Calif. Energy Producers Weather Criticism Ralph Nader Says Bankruptcy Better Than Rate Hikes Davis unable to sell sides on power compromise California Officials See Temporary Decision Next Week on Power Rate Increase Calif. Fails To Solve Energy Dispute __________ Coram to Convert Debt to Equity Notice to T&W Financial Corporation Shareholders of Objection Deadline & Hearing On Proposed Plan of Liquidation Airlines: Investors offer loan for Legend ____________ Arlington, Texas Radisson Hotel Goes Into Bankruptcy, Taken Over By Bank Albany, N.Y., Finance Firm, National Finance, to Take At Least A Month In Filing Bankruptcy Papers DaimlerChrysler Shares Hit Four-Year Low Attorney General Sues Fleet Mortgage Over Data Sharing	LTV: Steel Maker LTV Considering Bankruptcy Steelmaker LTV Mulls Ch. 11 Filing Steel-Maker LTV May File for Bankruptcy, Pressures Chase to Get Financing 5,000 Cleveland Area Workers Could Lose Jobs Steelmaker LTV says money problems may force it into bankruptcy court protection US panel OKs steel import probes for 11 countries U.S. Steel Industry Gets Little Relief, Respect ____________ Analysis Of Proposed Bankruptcy Rule Changes RCL shares gain on news of Commodore bankruptcy Economy: Holiday sales could be worst in decade Consumer study signals problems for U.S. business Consumer confidence in December drops to lowest level in two years __________ Bradlees: Bradlees Can Use Cash Collateral Ahead Of Sale Approval Bradlees' shoppers told sales are final Bradlees restructuring could boost value Officials Seek Court Order To Force Bradlees To Honor Certificates Thousands of Bradlees Workers to Lose Jobs in Shutdown (NYT: free registration required) Bradlees' woes leave some customers holding bag Bradlees Is Latest To Cause Banks Credit Problems (WSJ: paid subscription required) _____________ Dotcoms: Bidding Adieu To The Year's Dot-com Failures Priceline.com says founder Walker to step down from board Folding Of Quepasa.com Raises Questions On Health Of Similar Dotcoms Texas Venture-Capital Firm Still Has Faith in Dot-Coms (WSJ: paid subscription required) ____________ Investors in Baptist Foundation bankruptcy to get funds soon	New Bankruptcy Opinions (No new opinions today) Canada: Cambior creditors extend deadline for financial plan Nickels parent $4.3M in debt ___________ Japan: H.K. Sogo sells prime site for HK$4 bil __________ Korea: Bankrupt Korean carmaker to slash workforce by one third ____________ Tower Technologies Filed for Chapter 11 Bankruptcy Protection Last Week Crown Vantage: Crown Vantage sells paper line Crown Vantage Enters into Definitive Agreement to Sell Substantially All Of Its Specialty Business ____________ Restructuring. . . PetroChina says to cut 35,000 jobs Vector Energy Completes Debt Restructuring ____________ Accord Semiconducter: Accord Advanced Technologies Subsidiary Files Voluntary Petition for Reorganization Accord Advanced Tech Unit Files For Chapter 11 In Phoenix __________ Telecoms/DSL: Digital Broadband Bankruptcy Is Tip Of DSL Iceberg Officials Make Deal with Verizon to Replace Digital Broadband In State Buildings DSL, market purge claims Jato ____________ Commodore: Commodore Files Chapter 11 First cruise ship to use Phila. as home port ceases operations Casino Ship Company Runs Aground Booked Passengers of Bankrupt Florida Cruise Line May Get Some Money Back, But Plans Of A Lifetime Are Ruined _____________ Weather Forecast: Enter City, State, or Zipcode: