October 11, 2000 Daily Bankruptcy News

October 11, 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

NextWave: NextWave Loses Broadcast Fight Supreme Court clears way for wireless auctions ___________ Movie Theater Industry: Glut of movie screens leads to bloodbath of red ink Theaters Aren't Closing Everywhere Buffalo, N.Y.-Area Movie Theaters Close as Chains Overscreen Small Business Owners Suffer When Cinema Chains Fold Movie chain drops 2 Mayfair screens ____________ Strouds, Inc. Selects Great American Group and Gordon Brothers Retail Partners, LLC to Close 9 Stores Loehmann's, Inc. Emerges From Chapter 11 Economic boom a bust for consumers in debt Strouds drafts takeover expert Analysts give grim prognoses of retailer's attempts to reorganize Crown Vantage Purchase Called Off American MetroComm Seeks Court Permission To Abandon Disputed Cisco Equipment (WSJ: paid subscription required) IHS Bankruptcy Update- Shedding unwanted leases Farmer's Co-op: FCA seeks bailout deal Two regional farm cooperatives reported considering FCA bailout Lawrence co-op's bankruptcy shouldn't be surprising to area farm scene __________ Nevada Bob's in trouble AmeriServ sells Chicago, Mexico distribution centers Utah Bankruptcies on Pace for Record One year after bankruptcy filing, where is Jitney?	Corporate credit quality in biggest drop since '89-Moody's Drypers Corporation Files for Reorganization Parents group seeks to buy private Tesseract school Owens Corning: Owens Corning Negotiating Deal with Banks Owens Corning reaches agreement with bank lenders Judge OK's Owens Corning agreement with banks re "cash grab" Owens Corning Seeks to Stop Lenders From Declaring Default New chapter in asbestos suits Owens Corning Bankruptcy Benefits Company's Competitor __________ Nursing Homes: Judge rules state can't cut off Medicaid to nursing homes ___________ Dotcoms: Gazoontite files for bankruptcy FreeI Networks gets the bill Gazoontite Ends Dot-com Portion Of Its Operation Golf Web Site Chipshot.com Files Bankruptcy DealTracker - NetZero NetZero Banking On The Intangibles Sites profit from e-tailer casualties ___________ Doctor's Taxes Discharged After Guilty Plea For Willful Failure To File Returns Bank's Loans To Bankrupt Companies Make It A Takeover Target The Relationship Between Nonbusiness Bankruptcy Filings and Various Basic Measures of Consumer Debt Community West Bancshares Files Suit Against Former Auditors D&T, Alleging Deficient Services	New Bankruptcy Opinions (No new opinions today) New Articles On Links Page (12 new articles added) Japan: Japan sends mixed signals on Chiyoda impact Customers assail collapsed Chiyoda Chiyoda Mutual fails; AIG said poised to help FRC head chides Tokai Bank for not rescuing Chiyoda Targeted in Lawsuits, Former Executive Of Troubled Retailer Commits Suicide (WSJ: paid subscription required) Sogo Files Suit Against Former Officers For Paying Out Dividends Former Japanese Exec Commits Suicide Myth of insurers' invulnerability shattered Reaction to Chiyoda mixed Buying Influence (WSJ: paid subscription required) China’s Hainan trust defaults in Samurai mkt ____________ Australia: Former Olympic swimmer declared bankrupt Bank debts sink Brooks ___________ Australia: Failed entrepreneur Wang on the verge of bankruptcy ____________ $20 million relief measure targets Tri-Valley Growers Farmers slammed by bankruptcy Cincinatti Cordage & Paper assets to be auctioned Weather Forecast: Enter City, State, or Zipcode: