November 1, 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:


Sears Class Action:

Sears plaintiffs get setback

The Opinion


Universal Broadband Networks files for bankruptcy

American Aircarriers:

American Aircarriers files ch.11 bankruptcy

American Aircarriers Support Announces Filing Of Chapter 11 Protection and Retention of Fieldstone Capital


Consumer Confidence:

U.S. Consumer Confidence Plunges to 135.2 in October

Consumer Confidence Drops Sharply in October


Local Legal Developments Aid European Securitization

Hvide Marine: Seabulk to shut Sharjah shipyard complex


Loewen cites restructuring for $3M loss

Loewen looks to treat note holders fairly


Check Out Time as Broke Grand Union Sells Stores


Bankruptcy Fears Hit Globalstar's Share Price

Daunting task for Globalstar

Don't Wish Upon Globalstar

Globalstar's Future Goes From Bad To Worse
(WSJ: paid subscription required)


Aruba Airlines ceases operation, leaving passengers stranded

Park Place battles for bankrupt Claridge


Armstrong Holdings loses line of credit because of asbestos claims fears


Bankrupt Iridium gets bid

Computer crash delays Farmers' co-op bankruptcy filings

Watchdog Group Says Sub-Prime Lenders Engage In Predatory Practices   


  Bankruptcy Reform:

Congress, Clinton at Budget Impasse - But Increasing Possibility of Lame Duck Session May Breathe New Life Into Seemingly Dead Bankruptcy Reform Bill

Budget War Escalates- Bankruptcy Reform Is One Of Few Remaining Issues

Major Issues, Including Bankruptcy, Dividing Congress, Clinton

Ch. 12 On Suspension

GOP maneuvering for Senate vote on tougher personal bankruptcy law

Lott Files For Cloture


Tri Valley's executive bonus plan put on hold because board of directors did not know about plan?

Charge-Offs For Credit Card Securities Resume Decline in September 2000

Aryan Nations:

Aryan Nations Leader Bankrupt

Aryan Nations Leader Files Chapter 7, Delays Inevitable

Aryan Nations leader files bankruptcy



The Internet privacy boondoggle: Who will lead?

Globeset terminates 200 but vows to carry on

British regulators take action over misleading accounting practices by dotcom companies

Dotcom deaths plunge Framfab into loss in first nine months

The Specter of Nasdaq Delisting Haunts Dot-Coms

Fashionmall lifts's spirits


Sia wants to await bankruptcy fraud trial in luxury condo

Grand Union:

Grand Union's main creditor agrees to buy assets for more than $300 million

Other chains likely to pick up Grand Union sites


Medical Arts:

Oklahoma medical testing company, Medical Arts Laboratory, files for bankruptcy

Major medical lab files bankruptcy in city




New Bankruptcy Opinions
(No new opinions today)


Economists agree to disagree on Japan 'recovery'

Japanese regulator urges restraint

Osaka Real Estate Company Kawabe Bussan Fails - Teikoku



Auditor backs veto on cash for dome



Gray ready to settle residential school claims out of court

Eaton staff backed on issue of store discount

Canada Bankruptcies Up 0.5% From A Year Ago

Agnew: Payless rebuts 'bad faith' claims


Czech Republic:

LET Goes Into Bankruptcy



Trouble is brewing in Asia again

Daewoo to cut 3,500 jobs in bid to get back in black

S Korea braced for corporate closures

Creditors set deadline for Hyundai Eng.

Korean Construction Concerns in Trouble
(NYT: free registration required)

South Korean Banks Refuse Loans: Denial of Funds to 2 Construction Firms Signals a Push to Reform

Hyundai Engg scrambles to avert bankruptcy


IHS Bankruptcy Update- Creating new subsidiaries

Fruit of the Loom Reports Improved Results

Kansas City: Jury verdict leads to telemarketer's bankruptcy filing

Kansas City: Personal bankruptcy filing is activist's eighth since 1997

Fort Mill, S.C., Aerospace Company Files for Bankruptcy


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