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:

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.