November 1, 2000 Daily Bankruptcy News

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: