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

         

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:

Loewen cites restructuring for $3M loss

Loewen looks to treat note holders fairly

___________

Check Out Time as Broke Grand Union Sells Stores

GlobalStar:

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

Asbestos:

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

____________

Dotcoms:

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 Boo.com'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)

Japan:

Economists agree to disagree on Japan 'recovery'

Japanese regulator urges restraint

Osaka Real Estate Company Kawabe Bussan Fails - Teikoku

____________

England:

Auditor backs veto on cash for dome

___________

Canada:

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

______________

Korea:

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

 

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 admin@bkinformation.com  

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

Subscribing
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/DBNSubscribe.htm  and fill in the information requested.  If you do not receive an email confirming your subscription to the publication, please contact us at admin@bkinformation.com for help.  

Unsubscribing
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 admin@bkinformation.com 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 admin@bkinformation.com 

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