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:

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.