December 7, 2000 Daily Bankruptcy News

December 7, 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

Armstrong: Armstrong Files for Voluntary Chapter 11 Protection in Move To Resolve Asbestos Liability Asbestos Sends Armstrong World to Ch. 11 _____________ Firestone: 29 More Deaths Reported in Firestone Investigation Bridgestone shares continue drop ______________ Pentagon acts to save Iridium satellites Buyers Divvy up Grand Union Xerox on the verge of bankruptcy Credit worries now punishing even short-term debt Junk bonds may look better as defaults surge-Moody's Reliance on the Brink Airlines: Customers say few airlines accepting Legend tickets National Airlines Files Bankruptcy Las Vegas- National Airline Files Chapter 11 Legend executives to appear in bankruptcy court ____________ Education funds lost in charter school closure Movie Theater Industry: Fourth quarter key to cash crunch at Imax, analysts say Gunfight At The Upscale Corral Paul Harris: Paul Harris Stores, Inc. Retains Keen Realty In Chapter 11 Court Proceedings Paul Harris emerges on OTC market _____________ Dolphins As Collateral? Teardrop's house of cards finally falls Pager Firm Is Latest To Pull The Plug Anna Nicole: Los Angeles judge urged to let Smith trial play out in Houston _____________ Fruit Distributing loses motion to use cash to build inventory Rapper Lil' Kim's Bankruptcy Fear Black Diamonds bankruptcy case may be crumbling	Bankruptcy Reform: Bankruptcy Reform Status Administration Comments On Bankruptcy Reform, Continues To Oppose Bill On Homestead, Abortion Debt Grounds U.S. Senate sets final vote on bankruptcy overhaul Senate eyes vote on bankruptcy bill Debate and Record of Vote National Women's Law Center Urges Senate to Reject the Bankruptcy Bill National Retail Federation Applauds Senate's Efforts To Push Bankruptcy reform ___________ RBX Corp. files for bankruptcy Economy: Productivity Rises 3.3 Percent, Labor Costs Up as Well US stocks extend losses Economy Slowing, Productivity and Labor Costs Both Up Cyclically, We're Back to the Past Corporate bonds sees glimmer of hope after Greenspan _____________ Bank of America Warns Earnings Won't Meet Expectations; Shares Fall 8 Percent Rock Of Ages Agrees To Buy 16 Loewen Kentucky Cemeteries Multicare Bankruptcy Update: Baring the balance sheet Day Trading Addiction: A Letter of Death - Financial woes led to a fatal day at the beach KCS Energy, Inc. Reports the Filing of a Third Proposed Plan of Reorganization Casinos: Fitzgeralds in bankruptcy, three casinos being sold A casino in financial trouble Noted Casino Company Files for Bankruptcy in Nevada Barden buying 3 casinos ____________ Ambassador Hotel Owners File Reorganization Plan That Provides Repayment to LAUSD, With $20 Million Paid Immediately Thermatrix Announces Bankruptcy Sale of Wahlco, Inc. Assets What Labor Shortage? 120 Jobs Axed By Retailer	New Bankruptcy Opinions (No new opinions today) Canada: Students launch Constitutional bankruptcy law challenge The number of bankruptcies was up in October, says Industry Canada ______________ Hong Kong: Spore tech park hit by Lernout fallout ___________ Mexico: Banamex Guarantee Reportedly An Obstacle To GAN Restructuring _____________ LTV Steel Mining Company to Cease Mining and Pellet Production in February 2001 Paraguay: High liabilities push Antelco to near bankruptcy ____________ Brazil: Swift Armour asks for bankruptcy ____________ Dotcoms: Technology Crash Set to Hit Venture Capital Firms Oxygen Media to cut 65 employees ASPs Not to Be? Spin: "Future Is Bright. This Is One Dotcom That Makes Money" More dot-com casualties in New York BioShield says to cease operations at eMD unit Ventro to close medical services units, take charge Visitalk files for bankruptcy protection Babygear.com shuts down, leaves customers hanging ___________ Iridium: Pentagon Moves to Keep Iridium Satellites Aloft U.S. military buys airtime on Iridium satellite system ______________ Noah Bagel: Still Chapter 11, with losses mounting Musical Tour Group Up With People To Close Implementation of the Special Apple Loan Program and Emergency Loan for Seed Producers Program To Address AgriBioTech Bankruptcy Weather Forecast: Enter City, State, or Zipcode: