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

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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

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Movie Theater Industry:

Moody's cuts Loews Cineplex, warns it may default

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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

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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)

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Decora:

Decora and unit file Chapter 11 bankruptcy in Delaware

Decora Industries Files Pre-Negotiated Chapter 11 Petition

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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

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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)

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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

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Martinsville company makes offer to buy Tultex plant

 

 

New Bankruptcy Opinions
(2 new opinions today)

England:

Barings Bank hit by fresh troubles

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Japan:

Japan's economy may be hit by new bank rules

Health insurance cooperatives in financial crisis

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Canada:

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

Rystar Reorganization

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Korea:

Struggling Hyundai is near bankruptcy

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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

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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

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