October 10, 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

         
Owens Corning/Asbestos:

Babcock & Wilcox Seeks More Time On Asbestos Claims
(WSJ: paid subscription required)

Congress Pursuing Last-Minute Bill to Give Asbestos Trial Lawyers Multi-Billion Dollar Windfall at Taxpayers' Expense -- National Roofing Contractors Join in Call to Stop Misguided Asbestos Bill

Owens Corning Looks To Shield Foreign Subsidiaries
(WSJ: paid subscription required)

Asbestos Plant In Waukegan Nears The End

Value Of Owens Corning Shares A Gamble After Chapter 11
(WSJ: paid subscription required)

Federal-Mogul Up 15%; Asbestos Reserve News Sinks In
(WSJ: paid subscription required)

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Dotcoms:

Shakeout in Electronics E-Marketplace

FreeI files for bankruptcy

Some Seattle-Area Dot-Coms Running on Empty

The Par Four: E-tail troubles bode poorly for entire industry

Finance executive will run BusinessMall.com

Free ISP Closes Doors, to be Acquired by NetZero

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Movie Theater Industry:

General Cinema shuts theaters in Tarrant

Movie biz looks for relief at confab

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Creditors of Dallas Crafts Chain MJDesigns Sue Former Owner, Alleging Use of Company Funds For Diamonds and Vacations

  Bankruptcy Reform:

FTC Comments on Study of Privacy Issues in Bankruptcy Data

IRS and Treasury Issue Proposed Regulation Regarding Use Of Principal Residence Tax Exemption By Bankruptcy Estate
(WSJ: paid subscription required)

Sun sets on farmers' protection

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26-store Stambaugh Hardware files Chapter 11

Kansas City: Bankruptcy proceedings continue at request of OP company's lawyers

Nursing Homes:

Phoenix: Hospitals close nursing homes

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Looking for a refund from Premier Cruise Lines

Nevada Bob's Canada reorganizes to avoid bankruptcy

AmeriServe To Sell Chicago Consolidated Assets For $12.5M
(WSJ: paid subscription required)

TessaeracT:

TesseracT and Sunrise Announce Chapter 11 Filings

TesseracT Group Files For Chapter 11 Bankruptcy
(WSJ: paid subscription required)

___________

NSC Corp Seeks Dismissal Of Chapter 11 Case
(WSJ: paid subscription required)

NovaCare: Possible Bankruptcy

Jacksonville: Koger files Chapter 11

 

New Bankruptcy Opinions
(1 new opinion today)

Japan:

Japan's biggest corporate bankruptcy filed

AIG Says to Help Failed Japan Insurer Chiyoda Life

Chiyoda Mutual Life Files
For Bankruptcy Protection
(WSJ: paid subscription required)

Japan turns to AIG after record bankruptcy

Tokyo insurer goes under

Tokyo Ends Lower After Major Insurer Bankrupts

Tokyo stocks fall on Chiyoda Life news, Nasdaq

Largest Japanese insurance bankruptcy since WW2

____________

Korea:

Creditors of Daewoo Motor Reach
Tentative Pact on Sale With GM, Fiat
(WSJ: paid subscription required)

Kamco buys $3.7 bln in Daewoo debt

__________

Sun bankruptcy update: Turner accused of turning on his former company

Washington: Marketing vet struggles to put bankruptcy behind him

Children's Beverage:

Rochester: Creditors seek liquidation of juice-box firm

Chicago- Juice maker fights forced bankruptcy

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