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

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 seeks a helping hand to defeat debt

Litigation, soft overseas markets drive Drypers to file Chapter 11


Objections raised in Geneva Steel bankruptcy


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


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

  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


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


Claridge rejects Icahn's bid, seeks more time from bankruptcy judge

Casinos bet on each other



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


New Bankruptcy Opinions
(2 new opinions today)


Forecast on visitors doomed the dome



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



Truckers, being forced into bankruptcy, vote to park their rigs in push for fuel deal



Cash crisis on Scottish Opera stage



Spain to pump $600 mln into Argentine airline

Spain, Argentina Reach Pact To Halt Airline Bankruptcy
(WSJ: paid subscription required).



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


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


Weather Forecast:
Enter City, State, or Zipcode:

If you received the Daily Bankruptcy News via email, to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com  

Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm for a list of choices.  Feel free to contact us with any questions.

If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/DBNSubscribe.htm  and fill in the information requested.  If you do not receive an email confirming your subscription to the publication, please contact us at admin@bkinformation.com for help.  

If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming your deletion from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com 

Copyright 2000  [BKinformation.com]. All rights reserved.