October 10, 2000 Daily Bankruptcy News

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) __________ 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 ___________ Movie Theater Industry: General Cinema shuts theaters in Tarrant Movie biz looks for relief at confab ___________ 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 _________ 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 ___________ 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 ____________ Weather Forecast: Enter City, State, or Zipcode: