December 4, 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:

Legend Airlines:

Legend Airlines Grounded by Cash Crunch

Legend Airlines Files for Bankruptcy

Legend files for bankruptcy, seeks investors to resume flying



Tricon Global Restaurants Views McLane Purchase of AmeriServe as "Best Possible Outcome"

McLane Buys Distributor AmeriServe


Athey Products says considering bankruptcy

Grand Union:

Hannaford Bros. Co. Announces Intent to Purchase Grand Union Stores; New York and Vermont Locations Included in Agreement

Bankruptcy Court in Grand Union Chapter 11 Case Overrules A&P Objection to Sale

Maine-based chain to acquire five supermarkets in Vermont and New York


U.S. Trucking Units File for Bankruptcy

Doctors, HMOs Point Fingers Over KPC Medical

NC Systems requests switch to Chapter 7


Moody's Hammers Xerox Debt Ratings

Moody's Downgrade Adds Pressure on Xerox



Telequestion: After telecom firm's good years, troubles fed on troubles

Picus wants to sell ISP branch to Connecticut company


The Grinch who stole PC sales

Athey says sets layoffs, get demand for repayment

Icahn-Owned Financial Company To Terminate Two TWA Pension Plans

Vencor Files Second Amended Plan of Reorganization Incorporating Terms of Consensual Arrangement With Ventas

Report: Nursing homes fall short

Study panel:- Cut Harrah's New Orleans tax by 40 percent

Hawaii: Rescue Plan For Liberty House Hits Setback

A.M. Best Downgrades Reliance Insurance Group to D

Baytown Community Hospital:

Anahuac, TX: Baytown Community Hospital Forced To Speed Up Bankruptcy Filing

Overdue power bills prompt hospital to file for bankruptcy



  Bankruptcy pace for individuals is accelerating

Many families spending home equity, study finds

Bankruptcy Reform:

"No chance" for bankruptcy reform in lame duck session

Lame Duck Session Starts - Senate Wants Another Shot At Bankruptcy Reform

Police thwart apparent assassination attempt on US Sen Wellstone


Reliant Building Needs $30M Exit Fund, May Be In DIP Default
(WSJ: paid subscription required)

Subsidiary of Continental Investment Corporation Files for Ch. 11 Bankruptcy

Lernout & Hauspie:

L&H bankruptcy follows KPMG probe

Lernout & Hauspie officials- we're trying to get company back on course

Bankruptcy judge freezes Lernout's Dictaphone assets

Chairman says his goal is to keep bankrupt Lernout & Hauspie intact



Citikey failure has founders locked in battle

Don't blame it on the dotcoms Seeks New Financing

ZipLink to Be Delisted From Nasdaq

Defunct Online Retailer Throws Lifeline to Alaska Sled Dogs

GeoAccess to Acquire Sweetwater Health Enterprises From to Prune Workforce, Spending Levels

Getting Stiffed


Even Genius Fails- Lessons from LTCM's Collapse

Movie Theater Industry:

Regal Cinemas nears the brink

Regal Cinemas Prevented From Making December 1, 2000 Interest Payment on Senior Subordinated Notes

Regal Cinemas may file for bankruptcy

Theater Woes Cast Shadow on Project


Chapter 11 protects ailing Colorado Daily

Amarillo, TX: NC Systems Motion To Convert To Be Heard December 15

Fresno, CA: Bankrupt Wild Water Adventures For Sale

Bankruptcy sale price not appropriate tax value

KPC: Medical center's problems signaled collapse of service



New Bankruptcy Opinions
(1 new opinion today)


Gross Mismanagement



Telescene seeks bankruptcy reorganization

MacCosham Van Lines parent faces bankruptcy request from Allied

TD pulls plug on film firm

Millions of dollars in debt paved Pocklington's way to Toronto

Telescene likely to be bought for tax losses

Beamscope sells satellite distribution business

First boom, then gloom



Daewoo Motor sales tumble 50% in wake of bankruptcy

Bank Rescue Plan Approved in S. Korea

Daewoo Motor America's Sales Performance Unaffected By Parent Company Reorganization

Daewoo Motor in No Hurry to Join GM

GM says Daewoo Motor part of its global strategy

IMF Says Korea Risks Bank Crisis



All That Sidelined Cash May Stay on Strike

Auto Sales Drop Sharply in November

Recession Fears Rise as Stocks Fall

Sliding Stocks On Wall Street Weigh on World

The weak threat of a credit crunch

US economy worries cause global tech stock rout

As U.S. Auto Industry Slows, So Does the Rest of the World

Manufacturing Activity Continues Slowdown in November


Texas Supreme Court Expands Asbestos Damages

Orange County, CA: Dispute Over Use Of Tobacco Settlement Funds To Pay County's Bankruptcy Debt

Fabricating Shop Takes Over Facility of Defunct C.A. Turner Construction

Retired judge sentenced to home confinement for perjury in bankruptcy filing

Orlando, FL: Design firm Godfrey & Assoc. out of business, in bankruptcy court

Binghamton, NY- BSB Bank & Trust largest creditor in MacKenzie-Childs bankruptcy


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