November 27, 2000 Daily Bankruptcy News

November 27, 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

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 Asbestos: 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 Telecom: 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 Dotcoms: 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 Castnet.com 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 Solopoint.com(R) 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) Japan: 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 ____________ England: 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 ___________ Korea: 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: Cuba in Debt Relief Talks with Japan, Europe States ___________ Belguim: Woes Mount at L&H, Analysts Eye Debt Burden ____________ Canada: Bankruptcy Expert Roger Simard Joins Fraser Milner Casgrain Assets in $2.15M bankruptcy: $100 snowmobile, half a cabin ____________ Finland: Future looks grim for many small unlisted Internet companies _____________ Argentina: 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 Weather Forecast: Enter City, State, or Zipcode: