December 6, 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:

Bankruptcy Reform:

Lame-duck Senate facing final vote on bankruptcy bill

Senate ends bankruptcy debate; Clinton promises to veto bill

Senate Invokes Cloture

GOP To Force Vote on Bankruptcy

Lott Intends To Move Forward On Bankruptcy Reform

Nation's Top Divorce Lawyers Call On Congress to Stop Passage of H.R. 2415 - "A Child is More Important Than a Credit Card"

The Money Keeps Coming- Bush Raises More Than $7 Million

Targeting abusers of credit



Privacy Issues Become Paramount as Internet Companies Fold

Virtual Communities suspends ops, seeks funding

Labor Adds to Holiday Headaches for E-Tailers

New Data Sharing Technology On The Horizon closes down

ISPs Find Free Internet Costs Them


Movie Theater Industry:

Moody's cuts Loews Cineplex, warns it may default


Competitive Telcos' Investment Climate A 'Perfect Storm'
(WSJ: paid subscription required)

Reliance Group:

NYSE to suspend trading of Reliance Group's stock

Saul Steinberg, from corporate raider to debtor

Reliance Gets Delisted, Fights Bankruptcy


Bankrupt Paducah, Ky.-Based Gas Distribution Firm Duke & Long Distributing Laying Off Employees

Unidigital Gets Third Interim OK To Use Cash Collateral

Unlimited Bankers' Salaries

Defence set to revive Iridium

Fitzgeralds Gaming Corporation Announces Sale of Gaming Properties Under a Restructuring Agreement Reached With Its Noteholders

Creditors forcing MicroAge to sell   

Black Hawk casino seeks bankruptcy protection

  Armstrong Files for Voluntary Chapter 11 Protection in Move To Resolve Asbestos Liability  

Lernout & Hauspie:

Belgium to decide on L&H bankruptcy case on Friday

Lernout&Hauspie gets $20M interim financing from GECC

Shareholder group sees no action on L&H before Dec 11

Deminor Calls For Strict Controls Over Lernout Bankruptcy
(WSJ: paid subscription required)



Decora and unit file Chapter 11 bankruptcy in Delaware

Decora Industries Files Pre-Negotiated Chapter 11 Petition



Xerox Can't Get Out Of Its Paper Jam - Stock Unlikely To Recover, And May Go To Zero

As stock stumbles, Xerox tries to soothe investors



Firestone Rejects Lawyers Fears It May Seek Bankruptcy Protection
(WSJ: paid subscription required)

Firestone: We Won't Go Bankrupt

Investors Fear Firestone Failure

Bridgestone President Rejects Report That Lawsuits Could Close Firestone
(WSJ: paid subscription required)


Northwest power prices soar, marketer bankruptcies feared

Kaiser Group International Announces Confirmation Of Plan of Reorganization

Orlando, FL: General Cinema Terminates Lease At Lake Mary Shopping Center

Petsec Energy Ltd. - USA Subsidiary Reorganization Plan Now Final

ICG loses four top executives

2 Big Banks Struggle With a Single Large Troubled Debtor
(NYT: free registration required)

Orange County, Calif., Health Plans Hire Outside Firm To Help With KPC Medical Problems

Movie Theater Industry:

Curtain Closes on Two Regal Kennewick, Wash.-Area Theaters


Martinsville company makes offer to buy Tultex plant



New Bankruptcy Opinions
(2 new opinions today)


Barings Bank hit by fresh troubles



Japan's economy may be hit by new bank rules

Health insurance cooperatives in financial crisis



No computers for Barbie and Ken? Financial woes beset Patriot Computer

Rystar Reorganization



Struggling Hyundai is near bankruptcy


Pathmark to buy six Grand Union stores from C&S

Bankrupt Legend Airlines Wins Prized New York Airport Slots

USURF America's CyberHighway, Creditors File Joint Motion to Dismiss Involuntary Bankruptcy Proceeding


Paging firm's woes reverberate across country

Sixth-largest pager company declares bankruptcy and closes

TSR Wireless Bankruptcy Shocks Employees - Millions Of Customers Suddenly Lose Service

Report- TSR Declares Bankruptcy

Wireless provider files for Chapter 7 bankruptcy

TSR Wireless closes down, leaves little explanation

Fort Lee, N.J.-Based Paging Service Files for Bankruptcy


Dorsey Trailers Files For Bankruptcy


Nasdaq Has Top Day Ever; Dow Soars

Brusca- No Sign of Economic  Doom

Greenspan's Words of Concern Send Stock Market Soaring

Factory Orders Fall 3.3 Percent

Economic Grinch Hits Retail Sales

Economic Worries Hit Airfreight Companies


Weather Forecast:
Enter City, State, or Zipcode:

If you received the Daily Bankruptcy News via email, to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at  

Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to  for a list of choices.  Feel free to contact us with any questions.

If you would like to start receiving the Daily Bankruptcy News by email each day, go to  and fill in the information requested.  If you do not receive an email confirming your subscription to the publication, please contact us at for help.  

If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at 

Copyright 2000  [BKINFORMATION.COM]. All rights reserved.