December 6, 2000 Daily Bankruptcy News

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

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 ___________ Dotcoms: 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 Babygear.com 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: Decora and unit file Chapter 11 bankruptcy in Delaware Decora Industries Files Pre-Negotiated Chapter 11 Petition _____________ Xerox: 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: 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) England: Barings Bank hit by fresh troubles ____________ Japan: Japan's economy may be hit by new bank rules Health insurance cooperatives in financial crisis _____________ Canada: No computers for Barbie and Ken? Financial woes beset Patriot Computer Rystar Reorganization ____________ Korea: 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 TSR: 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 Economy: 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: