November 17, 2000 Daily Bankruptcy News

November 17, 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

Owens-Illinois stock tumbles on asbestos concerns Armstrong May File for Bankruptcy, as Liquidity Problems Increase Judge Agrees To Approve Owens Corning's $500M DIP Pact (WSJ: paid subscription required) Stitching Singer Back Together Bankruptcy Epidemic On Horizon Metal Management: Metal Management agrees to restructuring Metal Management works out deal with lenders ____________ Holiday Survey Says- Everyone Gets Massive Debt Los Angeles, CA: Family Health Care's Debt Could Be $20 Million Movie Theater Industry: Work Halt On Theaters Is Seen As Temporary Money Woes May Keep Curtain Closed on Portland Theater United Artists In Final Talks For $35 Million In Exit Financing Penn project put on hold by partner's bankruptcy ______________ Milwaukee firm will sell bankrupt Internet company Innovative Software Casino Owner, JCC Holding Company, Comments on Presentation to Casino Tax Advisory Committee; Halt of Trading By American Stock Exchange Bankrupt retailer, Nevada Bob's, to sell Las Vegas outlet Little-known agency helps investors when brokerages fail Baptist Foundation Settlement AMF: In Midst Of SEC Investigation, AMF Bowling Reorganizing Management, Cutting Jobs AMF Considering Bankruptcy Among Options ___________ Nasdaq to delist CareMatrix from small cap mkt Friday	Wheeling-Pittsburgh: Wheeling-Pittsburgh Steel Corporation Files for Chapter 11; Company to Continue Normal Operations During Financial Restructuring Steelworkers React to Wheeling-Pittsburgh Bankruptcy Cliffs Comments On Bankruptcy Filing by Wheeling-Pittsburgh Steel Corporation West Virginia-Based Steelmaker's Bankruptcy Comes Almost 10 Years After Company Was Bought Out Of Bankruptcy WHX Corporation Confirms Wheeling-Pittsbu... Subsidiary's Reorganization Filing _____________ NYSE suspends trade in AMF Bowling securities Nevada Bob's gets OK to sell stores FCC Official Worried About NextWave Wrangling Dotcoms: What Happens To The Data And Applications When An ASP Files Bankruptcy? TheStreet.com to Cut Work Force, Closes UK Ops Tutornet.com Filing Says It Has No Students 80% of dot-coms to go bust in Q1 2001 Dead sites dotting the Web-scape Austin, Texas-Based Online Gardening-Product E-tailer, Garden.com Crashes For Lack Of Capital Dot-com failures reach one a day, report finds TheStreet.com job cuts may bode more woes for sector ___________ CRIIMI MAE: Judge Finds CRIIMI MAE's Reorganization Plan Is 'Fair and Reasonable'; Parties to Submit Final Confirmation Order by Friday For Court's Approval Court Reserves Ruling On Feasibility in Criimi Mae Plan _______________ Dallas, TX: Indian Conglomerate Completes Purchase Of Bankrupt Telequestion	New Bankruptcy Opinions (2 new opinions today) Japan: Soaring bankruptcies in Japan- bad or good? ____________ Korea: Korean Corporate Bankruptcy Count 606 In Oct South Korea rules out loans to Hyundai Daewoo Looks Dicey Hyundai to speed up chip unit sale Two Feuding Brothers Unite To Save A Hyundai Division Fiat and GM consider Daewoo break-up IMF sees Korea growth slowing Daewoo's Demise Sends Bad Signals ______________ Russia: Russian Arbitration Court Throws Out Lawsuit Against Tyumen Oil Regarding its Acquisition of Kondpetroleum ______________ Mexico: Airlines To Be Privatized By Mid-2001; CFC Dismisses Bankruptcy Fears ______________ Italy: Italian Formula 1 Team Minardi Face Bankruptcy _______________ Iridium: Court Oks $25 Million Offer For Troubled Iridium Satellite System Will Iridium Bankruptcy Buyout Be Deal Of the Century? ___________ Florida Homestead Law Attracts Con Artists C&S leading Grand Union competition Analysts Doubtful That ICG Commun Can Remain Independent (WSJ: paid subscription required) Weather Forecast: Enter City, State, or Zipcode: