November 27, 2000

Daily Bankruptcy News

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Pirate Ride: Lou Reese's biggest creditor says it has found his Caribbean hideaway

Big V Supermarkets, Inc. Files Voluntary Chapter 11 Petition to Implement Major Financial and Operational Restructuring

Grand Union:

A&P Claims Rival's Sale Rigged

Accusations Fly over Asset Auction of Bankrupt Grand Union

Dutch Grocery Giant Royal Ahold Seeks to Buy 63 Grand Union Supermarkets


Some Rural Texas Hospitals Face Dire Financial Problems, Bankruptcies

Dead or alive, you're a credit card target

US steel industry sinking under free trade

U.S. bankruptcies fell during third quarter

The Malls Get Decked: Retailers Minding Too Many Stores

Web Site Shows Bankruptcy Worries Evident

ElderTrust Announces Agreements With Genesis and Multicare


Moody's Rates Armstrong Bankruptcy 'Highly Likely'

Continuing Asbestos Concerns Contribute To Moody's Cut Of Federal Mogul

Coutts seeks Swiss bond payments from Owens-Corning


Hit or Miss Receives $12M DIP Financing from Paragon Capital

Empire Of Carolina Announces Third Quarter Results, Debtor-In-Possession Financing And Election Of New Chairman Of The Board

Regent Casino:

Luery returning to guide Regent Casino through bankruptcy proceedings - Icahn involved in financing

Casino Industry: Regent files for bankruptcy


U.S. Trade Debate Heats Up With Steel at Its Core

Attack of the killer credit cards

SunBridge Healthcare Corporation Awarded Contract By U.S. Dept. of Veterans Affairs

Santa Clara Swim Club pays off IRS bill

Uncertainty casts shadow over LTV workers

Illinois- Costs Threaten Health Insurance Program


High-tech equipment makers confront bad-debt risk due to loans to customers
(Part I)
(Part II)

Satellite Telecom Operators Refocus


Trade Disputes Could Worsen if U.S. Economy Slows Down

Barneys Still Losing Money, But Claims "Significant" Improvement

Pensioners Assured Despite Bankruptcy U.S. To Pay Ex-Employees Of Duro-Test

Panel rules against former council member in bankruptcy case

City Claims That, Despite Bankruptcy Filing, Oil Distribution Firm Duke & Long Distributing Still Owes For City's Costs To Buy Prospective Company Headquarters


  Moody's says junk bond quality getting even worse

Bankruptcy Reform:

Bankruptcy Reform Update


IMX Pharmaceuticals Seeks Chapter 11 Protection

Tone Changes For Local Phone Firms


Shaw Furniture: Crushed by a Falling Internet

High-tech types wreak failure in a low-tech town

St. Louis Recruiter Sees Opportunity in Internet Bankruptcies

The Entertainment Internet Files to Eliminate Prior Debts, Continues Services as Host

From hero to zero in a mere nine months

Biz2Net asset sale delayed - Involuntary bankruptcy petition is filed by 5 creditors

Free Internet days are winding down Announces Plans to Wind Down Operations


MicroAge Inc. Announces Intent to Sell MicroAge Technology Services Through Competitive Bidding

Movie Theater Industry:

Don't Blame 'Grinch' For Lack Of Joy In Movie-ville -- Too Many Screens Mean Hard Times Ahead

Knoxville, Tenn.-Based Cinema Operator Considers Bankruptcy

A Thanksgiving prayer from movie operators: no turkeys

Movie-theater owners face financial difficulties


T&W Financial Services Files Chapter 11

Tri Valley: Bankrupt Agricultural Co-Op Financially Hurt by Threats Of Lawsuits Against Individual Farmers

California Department of Financial Institutions Closes Caribbean-American Credit Union

Colorado Casino Resorts, Inc. Discharged From Bankruptcy

AHT Announces BioShield Defaults On Asset Purchase Agreement

Sun Bankruptcy Upate- Major shareholder asks court to appoint outside examiner

Judge Approves Reorganization Plan for Bankrupt Geneva Steel

County Judge Files Bankruptcy Because of legal Debts from Election Battle

NHL Penguins to Buy Former Hospital as Possible Site for Arena

KPC Medical:

Firm's bankruptcy may deepen state's managed-care woes

KPC Medical files Chapter 11

Patients, KPC creditors point fingers at HMOs

KPC Timeline: Closure follows tumultuous history

Orange County, Calif.-Area HMOs Feel Pressure from Patients, Creditors


Bankrupt Harnischfeger's Lake Michigan HQ to go on block




New Bankruptcy Opinions
(2 new opinions today)


Inter-Lease files with court for liquidation

Japan supermarket in crisis

Write-offs at Japan’s largest banks swell

Failures taint banks' prospects

Yen Slides As Japan Economic Gloom Spreads

Japan's Daiei wins banks' support, to cut jobs

DKB raises bad loan write-offs

Japan's largest retailer Daiei to close stores, cut 4,000 jobs amid slump

Troubled Mitsui eyes debt waiver request

Bad loan woes still hurting Japan bank earnings

Credit Risks Pressure Tokyo Stocks



Railways run out of cash as crisis deepens

CitiKey Files for Bankruptcy; 90 Jobs Lost in Europe, FT Says

Founder Joe de Saram absent as Rhodium folds owing 1m



A Nation's Moment of Truth

Samsung Commercial Vehicle Files for Bankruptcy

S Korea hints at liquidating Daewoo Motor

South Korea Facing Economic Turmoil

Daewoo subcontractors face mass bankruptcies

Korea unions threaten nationwide strike on Dec 5

Hyundai Electronics Seeks $2.9B



Cuba in Debt Relief Talks with Japan, Europe States



Woes Mount at L&H, Analysts Eye Debt Burden



Bankruptcy Expert Roger Simard Joins Fraser Milner Casgrain

Assets in $2.15M bankruptcy: $100 snowmobile, half a cabin



Future looks grim for many small unlisted Internet companies



Argentina and the debt trap


New Zealand:

New Zealand tribe reportedly facing bankruptcy


Former Chief of Logan County, W.Va., Hospital Is on Trial for Fraud

Los Angeles County Health Department Facing Huge Deficit As Federal Funds Dry Up


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