November 6, 2000 Daily Bankruptcy News

November 6, 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

Economy: Unemployment Remains at Three-Decade Low Bankruptcy in General Equilibrium ______________ 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 _____________ 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 _____________ 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 ___________ 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 ________________ 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 ____________ 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 ______________ Russia: Tyumen Oil Expresses Flexibility in Structuring Chernogorneft Deal Tyumen Oil Rejects Allegations Regarding Its Acquisition of Kondpetroleum ______________ China: China shuts seven credit co-operatives _____________ Weather Forecast: Enter City, State, or Zipcode: