October
16,
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
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Owens
Corning - Asbestos
Co. Seeks Tax Breaks; Offset Suits
Tax Bill Offers Breaks For Asbestos Defendants
Former asbestos producers seek tax breaks to offset health claims
__________
Movie Theater
Industry:
Waiting To Exhale
Rancho
Mirage: Theater chain files bankruptcy
Resort Theaters plans to regroup, reorganize
Imax pulls curtain on sale as stock price plunges
Voting With Her
Pocketbook: No More Theaters
Janaf Cinemas will close as parent company reorganizes
Dickinson theaters file for bankruptcy
___________
Drypers:
Drypers seeks a helping hand to defeat debt
Litigation, soft overseas markets drive Drypers to file Chapter 11
_____________
Objections raised in Geneva Steel bankruptcy
Xerox:
Xerox stock tumbles on bankruptcy fears
Xerox Dismisses Bankruptcy Talk
Xerox trys to reassure investors with 'adequate liquidity' statement
Xerox takes the axe to jobs
Xerox
Taps $7 Billion Line of Bank Credit
As Debt Rating Downgrades Limit Options
(WSJ: paid subscription required)
___________
Seattle- Lending cooperative for fruit farmers closing
Tri-Valley:
Troubled Tri Valley tries to keep nervous employees
TVG woos employees with bonuses
__________
Bank of Honolulu:
Bank of Honolulu seized as purchase approved
S.F. bank purchases Bank of Honolulu
assets - Some creditors and large depositors may lose
____________
Tricon Global Restaurants Reports an 11 Percent Increase in Ongoing Operating Earnings Per Share to $0.77 for the Third Quarter
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Bankruptcy
Reform:
Bankruptcy reform bill moves, but unlikely to make it to the finish
line
Bankruptcy bill advances Controversial measure goes to Senate next week
Promised
Veto Appears to Doom Congressional Agreement
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Credit Card Debt:
Consumer Debt Is Our Economy's Achilles' Heel
And It's Not Just The U.S. . .
____________
Corporate Bonds in Bad Shape
The
Coming Depression
Casinos:
Claridge rejects Icahn's bid, seeks more time from bankruptcy judge
Casinos bet on each other
______________
Dotcoms:
Collection
Of Stories From Various Sources Related To Scour.com Bankruptcy
Dot-Gone- More Flops on the Net
Internet companies are falling
fast
Scour says it faces up to $250 billion in liability
Expanding the pipes- The effect of limited broadband Internet access is suffocating some companies
E-tailers switch to B2B to keep investor interest
Dot-sharks, dot-minnows
Urbanfetch closes shop in UK, US
WebMD Co-CEO Quits, Stock Falls
Garage.com issues entrepreneurs their marching orders
____________
Picus Communications remains 'optimistic' amid bankruptcy rumors
Strouds, Inc. Receives Final Court Approval of $50 Million DIP Financing; DIP Will Fund Operations During Restructuring
Atlas Telecom:
Portland: Bankruptcy Judge Orders Zapp To Repay $3.3 Million For Failing To Account For Personal Use Of
Bankrupt Atlas Telecom's Funds
Justice at last for Ray Zapp
______________
Video Update, Inc. Retains Keen Realty In Chapter 11 Court Proceedings |
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New
Bankruptcy Opinions
(2 new opinions today)
England:
Forecast on visitors doomed the dome
___________
Japan:
Japan H1 bankruptcy debt hits record $101 bln
Gov't to give debtors a break
Beauty salon chain operator RBM goes bankrupt
Insurance safety net body may takeover Daiichi
Inter-Lease
could face bankruptcy with $7.42bn debt
____________
Canada:
Truckers, being forced into bankruptcy, vote to park their rigs in push for fuel deal
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Scotland:
Cash crisis on Scottish Opera stage
_______________
Argentina:
Spain to pump $600 mln into Argentine airline
Spain,
Argentina Reach Pact To Halt Airline Bankruptcy
(WSJ: paid
subscription required).
____________
India:
Bangladesh FM calls for social boycott of bank defaulters
_____________
Laidlaw extends debt restructuring deadline - again
Saugus Lawyer Pleads Guilty to Bankruptcy Fraud, Reports U.S. Attorney
NationsWay
Transport: Green light for truck firm's creditors
Focus Media:
NBC, ABC, Pax File
Involuntary Bankruptcy Against
Focus Media
Nets Drag Focus Into Bankruptcy Court
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Metrocall Stokes Existing Market While Acquisition Flame Cools
Minneapolis: Bankruptcy Threatened as Vallon Sale Dies
Clearwater: Automotive Service Centers Files For Bankruptcy - Midas Lacks Golden Touch
Long Island bankruptcies continue to tumble
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