December 4, 2000 Daily Bankruptcy News

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: http://bkinformation.com/DailyNewsFrames.htm

Legend Airlines: Legend Airlines Grounded by Cash Crunch Legend Airlines Files for Bankruptcy Legend files for bankruptcy, seeks investors to resume flying ______________ AmeriServe: 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 Xerox: Moody's Hammers Xerox Debt Ratings Moody's Downgrade Adds Pressure on Xerox _____________ Telecoms: 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 _____________ Dotcoms: Citikey failure has founders locked in battle Don't blame it on the dotcoms Docplanet.com 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 Caredata.com DSL.net 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) England: Gross Mismanagement _____________ Canada: 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 _____________ Korea: 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 _____________ Economy: 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 Weather Forecast: Enter City, State, or Zipcode: