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:

Florida Judge Presiding Over Presidential Election Contest Is Ex-Bankruptcy Judge


Supreme Court Rejects NextWave Appeal on Licenses

NextWave Shrugs Off Supreme Court Rebuff



E-tailers may be left holding the bag 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 takes cover in bankruptcy court

Dot-Com Layoffs Hit Record in November



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



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)


Inter-Lease becomes latest Japan bankruptcy victim

Tokyo Mutual Life to ask Daiwa Bank for Y20bln



Job losses accepted at Daewoo



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


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