November 6, 2000

Daily Bankruptcy News

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Also available on the Web (with links to the news stories)  at:  http://bkinformation.com/DailyNewsFrames.htm

         
Economy:

Unemployment Remains at Three-Decade Low

Bankruptcy in General Equilibrium

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Movie Theater Industry:

Silver Cinemas' Tarnish

Iwerks delisted as industry struggles

Six Old Cinemas Close in Suburbs

Theater Megaplex Builders Prove Too Ambitious

Screen spenders

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KCS Energy profits soar despite hedging limits

Philadelphia lawyer Kevin Carey and New Jersey lawyer Donald Steckroth recommended for bankruptcy judge appointments

Money's Foods U.S. Inc Files Chapter 11 in the US

Dallas: Indian firm to purchase bankrupt telemarketing firm Telequest

Oregon grand jury indicts ex-head of bankrupt funeral homes on charges involving missing prepaid funeral trust funds

Washington-based Roadside Development purchase former Hechinger Co. building

National Energy Group, Inc. Reports Compliance With Plan of Reorganization Provisions Pertaining to Equity Interests

Motorcycle maker American Quantum petitioned into Chapter 11

United Companies' bankruptcy plan OK'd - Bank creditors to receive most proceeds from sale

Detroit, MI: O-J Transport forced into Chapter 11

Hawaii- Bankruptcy fraud suspect Sia to move into luxury condo

Who Wants To Be A Millionaire winner is ex-bankrupt

Long Island, N.Y., Bankruptcy Court Relocates

Robbins, IL: Incinerator's failure leaves suburb facing poverty

Santa Rosa, CA: 3 local nursing homes file for bankruptcy

Milwaukee, WI- Ex-owner of publishing firm files for bankruptcy

Bankruptcy filing protects man from fines

  Bankruptcy Reform:

The Push Continues: Democrats, GOP Set Donation Records

Lott Says Upcoming Lame Duck Session Will Deal With Bankruptcy Reform

Effort to change bankruptcy laws fails as senators leave to campaign

National Retail Federation Chides Senate for Failure on Bankruptcy Legislation

Congress is in recess until Nov. 14, when it meets for a lame-duck session intended to complete work

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Dotcoms:

Gigabell insolvency proceedings start

Urban Box Office Network lays off staff; funds dry up

Prince loses crown in internet bubble

UBO files for bankruptcy

For dot-bombs, a tale of riches to rags

Will run startup for food

Burn rate crucial in evaluating start up

APBnews.com Wins National Journalism Honor

Amazon chairman still unflappable, although profit remains a dream

Crash Dotcom

Cash-flow woes stop 'Net start-ups

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Claridge Reports Third Quarter Results

Model Imperial: Loan and lawsuit troubles mount at Hamilton Bank

Hospitals and nursing homes to gain regardless of U.S. election outcome

Riverside, Calif., Wood Recycler Files for Bankruptcy - Can CanFibre Recycle Itself?

Boardman, Ohio: Stambaugh Hardware Stores To Close

Bankrupt Memphis, Tenn.-Based Printing Company Master Graphics To Keep 11 Plants

Galveston, TX: Bankruptcy Judge Letitia Clark Approves Sale Of Island Eyesore

Inco Homes: Cash Infusion May Revive Bankrupt Builder

3 Boise companies seek involuntary bankruptcy for CyberHighway

 

 

 

New Bankruptcy Opinions
(No new opinions today)

Japan:

Japan Banks Write Off $10B

Japan struggles with soaring death toll in Suicide Forest

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England:

Lloyd's was not fraudulent, just incompetent

Lloyd's cleared of names fraud

Lloyds rebels claim victory in 51m court defeat

Judge Rules Against 'Names' but Criticizes Lloyd's

Many retailers facing bankruptcy by 2005

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Korea:

S.Korean Banks Threaten On Loans

South Korea fingers the big-debt losers

Korean Financial Supervisory Commission sets rules for creditors of ailing firms

SKorea Asks Daewoo to Restructure

Daewoo Motor defaults, GM sale in danger

South Korean labor unions warn of strike against layoffs

Seoul Gets Tough With 2 Top Firms

Hyundai son to sell all shares to save construction giant

Hyundai family's complicated stock deals generate suspicions

Hyundai executives in urgent session to avoid bankruptcy

'Labor Union's Refusal to Restructuring May Drive Daewoo Motor Into Insolvency'

More Than 120,000 Apartments in Seoul Await Completion

Closure Of Non-Viable Korean Cos To Put 1 Million Out Of Work

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Russia:

Tyumen Oil Expresses Flexibility in Structuring Chernogorneft Deal

Tyumen Oil Rejects Allegations Regarding Its Acquisition of Kondpetroleum

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China:

China shuts seven credit co-operatives

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