November 2, 2000 Daily Bankruptcy News

November 2, 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

Drypers: Drypers Corporation Receives Final Approval of DIP Financing and Settlement Plan With P&G Houston-Based Diaper Company Settles Suit with P&G _____________ Unregistered notes focus of Loewen controversy Economy: Fed Finds Evidence of Slowing Economic Activity Manufacturing Activity Slows in October ____________ Credit Woes Surface On Late 90s GE Capital and ContiMortgage Home Equity Loan Push (WSJ: Paid subscription required) NextWave: Appeals Court Rulings Question FCC's Next Move on NextWave The Opinions: GWI and NextWave _______________ Dotcoms: Student Advantage Completes CollegeClub.com Acquisition After Securing $10 million in Equity Financing Earlier In Week Boo.com's North Amer Affiliate Files Chapter 11 Petition Listen.com to Buy Bankrupt Scour Inc.'s Assets Listen's Scour deal still faces scrub test NetZero Acquires Key Assets of Freeinternet.com ____________ Chicago: "Mayor of Maxwell Street" On Trial For Bankruptcy Fraud MicroAge: Sale Of MicroAge Unit Delayed, As UPS Proposes New Idea (WSJ: paid subscription required) _____________ Grand Union: Grand Union: Speculation Surrounds Wholesaler’s Deal to Buy Wayne, N.J.-Based Grocery Chain Grand Union/C&S Wholesale Deal Not As Scary As It Looks (WSJ: paid subscription required) Wholesaler Bids for Grand Union Others may vie for bankrupt chain Grocers eye Vermont Grand Union stores Rivals Bid on New Jersey-Based Bankrupt Grocery ____________	Bankruptcy Reform: Senate Plans Lame-Duck Session Starting Nov. 14, With Bankruptcy Reform On A "Limited Agenda" 'One-sided' bankruptcy bill hits snag Ironic Origin of the Term "Lame Duck" Congress Expects To Wrap Up Lame Duck Session In A Few Days, With Bankruptcy Reform On Short-List Agenda US Senate Agrees To Lame-Duck Session; House Tentative (WSJ: paid subscription required) Senate Blocks U.S. Bankruptcy Bill, Prospects Dim Status Of Bankruptcy Reform Bill US Senate Schedules Wednesday Vote On Bankruptcy Bill (WSJ: paid subscription required) Senate GOP Leaders Lose Vote To Choke Off Debate On Bankruptcy Bill Senators' Comments On Cloture Absent senators hurt GOP effort to force vote on bankruptcy bill Lott Says He Understands Why Senators Would Miss Vote, Making Passage Of Cloture Motion Impossible Chairman Of Bankruptcy Review Commission Comments On Bankruptcy Reform Legislation Senate Agrees To Delay Budget Fight Prospects grow for congressional lame-duck session, which would increase likelihood of bankruptcy reform ______________ Nursing Homes: Report on Texas homes calls for more reimbursement, staffing With 20% Of Florida's Nursing Homes In Bankruptcy, State, Nursing Homes Spar Over Home Care for Elderly (WSJ: paid subscription required) Arizona: Black nursing home closing its doors because of financial problems _____________ Former Penny Stock Mogul Faces New Bankruptcy Fraud Charges Fruit of the Loom gains some time Perry Ellis International Purchases Mondo di Marco Brands From Bankruptcy Estate Wilcox County, Alabama- Court Clerk Willie Powell accused of hiding thousands of dollars in assets from federal authorities even as he filed for Chapter 13	New Bankruptcy Opinions (1 new opinion today) Korea: Hyundai given final bankruptcy ultimatum Creditors urge Hyundai owners to use personal wealth for rescue Hyundai Engineering Says It Can Pay $80 Million in Maturing Bonds (WSJ: paid subscription required) Hyundai under orders to pay back £692m of debt South Korean Monoliths Lurch Under Debt Load (WSJ: paid subscription required) S. Korea Hyundai Loses on Ship Plan ______________ Japan: Gov't Adopts Bankruptcy Bill For Individuals ____________ China: Firms Act to Appease Creditors In China's First Debt Restructure GITIC: repayments begin _____________ Czech Republic: LET's crisis results in bankruptcy proceedings _____________ Canada: Canada's Churches Brace For Onslaught Of Abuse Cases ____________ Kenya: Kenyan Minister Faces Bankruptcy Over Clothes _______________ Bank One Loses Appeal On Judgment For Cutting Off Financing To Business Experiencing Routine Financial Problems Reliance Group ratings fall as bankruptcy looms Supreme Beef Failed Salmonella Tests Before Declaring Bankruptcy Movie Theater Industry: Box-office nearly even with '99 pace _____________ Bankrupt Service Merchandise Targeted By Shareholders Upset About Losing Their Shares Thriving in Hard Times Judge designates trustee to oversee Mountain Energy Hearing will decide whether to force it into bankruptcy Weather Forecast: Enter City, State, or Zipcode: