November 28, 2000 Daily Bankruptcy News

November 28, 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

Florida Judge Presiding Over Presidential Election Contest Is Ex-Bankruptcy Judge NextWave: Supreme Court Rejects NextWave Appeal on Licenses NextWave Shrugs Off Supreme Court Rebuff ______________ Dotcoms: E-tailers may be left holding the bag Living.com Creditors Opposing Trustee's Efforts To Quickly Sell Key Assets To Founder Shaw Furniture Closes with Major Sale End of Year Tax Loss Selling Driving Dotcom Bankruptcy Filings Spree.com takes cover in bankruptcy court Dot-Com Layoffs Hit Record in November ____________ Asbestos: Buffett stake in USG Corp. disclosed _____________ Big V leaves Wakefern, files bankruptcy petition Carpet Co-op Of America Buys 450 Flooring America Franchises In Bankruptcy Sale Steel Industry: Pelton Casteel to fold, costing 155 jobs A tag-team bout for the World Wrestling Federation with the U.S. government playing the role of the moronic referee? _____________ New Jersey Sues 5 Companies and 44 Officers To Recoup Defunct HIP Health Plan Debt	Grand Union: Grand Union auction at issue A&P Files Objection to Sell-Off of Bankrupt Grand Union Grand Union CEO checks out of job _____________ Bankruptcy Reform: Credit Card Shares Rebound; Bush Fla. Win Buoys Prospects For Bankruptcy Reform (WSJ: paid subscription required) What to expect when the 107th Congress Convenes ___________ Asbestos: Armstrong Defaults on Debt, Company Can't Repay $50 Million to Investors Armstrong Debt Rating Is Cut Amid Asbestos-Litigation Woes (WSJ: paid subscription required) _____________ Kirk Kerkorian Sues DaimlerChrysler for $9 Billion Insurers Warn Of Global Bankruptcy In 60 Years GMAC Asks Court To Convert Tower Air Bankruptcy To Ch 7 Weiner's Stores Retains DJM Asset Management to Dispose of 39 Stores Bankruptcy Court Ruling Enables U.S. Restaurant Properties, Inc. to Transfer Twelve Gas Stations to New Tenants Judge Approves CRIIMI MAE Plan to Pay Off Creditors and Emerge From Bankruptcy Sovereign Bancorp Lays off 500 in Restructuring ElderTrust Announces Filing of Motions With Bankruptcy Court	New Bankruptcy Opinions (3 new opinions today) Japan: Inter-Lease becomes latest Japan bankruptcy victim Tokyo Mutual Life to ask Daiwa Bank for Y20bln ____________ Korea: Job losses accepted at Daewoo ______________ AmeriServe: AmeriServe To Seek Chapter 11 Plan Confirmation Tuesday (WSJ: Paid subscription required) Ghost of DLJ Is Pursued by Specter Of Role With AmeriServe Food Bonds (WSJ: paid subscription required) _____________ Movie Theater Industry: As Regal Considers Bankruptcy, Nationwide FunScape Chain Closes Megaplex Lights May Glow, But Older Cousins Going Dark Bankruptcy Considered By Regal Cinemas _____________ Individual Committee Members' Legal Fees Not Compensable Latin Indie Label RMM Files For Bankruptcy Covad will lay off 70% in Atlanta Alabama: Bankruptcy filings on rise in area Revisions To Central District Of California Local Rules Weather Forecast: Enter City, State, or Zipcode: