October 17, 2000 Daily Bankruptcy News

October 17, 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

Weiner's: Delaware: Weiner's Stores Inc. Files for Chapter 11 Reorganization Weiner's files for bankruptcy, to close 44 stores Weiner's Stores Files For Chapter 11 Reorg Weiner's Stores Inc. Files for Chapter 11 Reorganization; Will Close Stores to Exit Unprofitable Markets; New Store Designs, Merchandising Weiner's Stores Inc. Announces Credit Agreement Weiner's Stores Gets $35 Million DIP Credit Pact ___________ Frontline Completes Acquisition Of Golden Ocean Group - Issues New Shares/Cash To Unsecured Creditors Domestic steel firms hit with another crisis Claridge: Claridge to Consider Park Place Entertainment Bid Claridge plans to accept Park Place bid for its casino Claridge Hotel To Proceed With Park Place's Buy Offer ____________ Movie Theater Industry: Struggling Loews revises bank loan terms Why The Theaters Are Really Closing? Loews Cites Modified Terms Of Waiver From Bank Group ______________ Los Angeles Branch of Luce Forward Adds New Bankruptcy Lawyers Esco Refocuses on Intermodal Maxwell Shoe Company Inc. Executes Agreement to Acquire Assets of Joan and David P I E: Workers finally to get pieces of P I E 5,000 Former Employees Of Bankrupt P I E Nationwide To Receive Back Wages ____________ Arizona Judge Approves Reorganization Plan for NationsWay Transport Dallas: Telequestion Founder Tries To Convince Bankruptcy Court He Can Rescue Company	Bankruptcy Reform: Senate to Vote on Legislation This Week Lott Maneuvers on Senate Votes Major Issues on Congress' Plate Lott's tries to outmaneuver Democrats on Senate votes Bankruptcy Reform Still On Lawmakers' Plate __________ Despite Economic Good Times, Baby Boomers Aren't Saving Enough DFJ Italia: Laguna Niguel, Calif., Mayor Makes Only Offer on Mansion of DFJ Italia Executive Mayor bids $4.95 million for former DiFonzo mansion in Laguna Niguel ______________ Tri Valley Workers Angry Over Bonuses Dotcoms: Priceline Offshoot Ate Millions In Costs to Subsidize Customers (WSJ: paid subscription required) FreeI- Suppliers Worry over Bills, Customers Wonder About Email Web Workers Cite Poor Treatment As Start-Ups Begin Cutting Jobs (WSJ: paid subscription required) ___________ Stroud's to Close Fresno, Calif., Store Drypers Corporation Receives Approval of DIP Financing and Other First Day Orders Xerox Shares Fall More Than 25 Percent Laidlaw extends debt restructuring deadline a third time Top U.S. Nursing Home Chains Beg Congress for More Money Levitz files reorganization plan, to close offices Owens Corning follows others down bankruptcy path TV Networks Move for Focus Bankruptcy Imperial Credit Industries, Inc. Announces Continued Additions to The Allowance for Loan and Lease Losses, the Resolution of Significant Litigation, And an Expected Loss for the Third Quarter of 2000	New Bankruptcy Opinions (1 new opinion today) Japan: Japan Bankruptcy Data Show Corp Sector Recovery Uneven (WSJ: paid subscription required) Bankruptcies continue to climb Banks' loan write-offs hit 1.3 yen trillion Economy Heads Toward Recovery Japan says recovery intact, but not optimistic Job squeeze cools Japan's consuming passion Failed insurer's contracts may go to protection entity Major beauty-salon chain files for bankruptcy Failure of beauty salon operator RBM hurts Jaccs, DKB _____________ England: Canary Wharf elevated to FTSE _____________ Canada: B.C. churches told to list assets ____________ Korea: Efficiency of bankruptcy proceedings in question ____________ Russia: Air Kazakhstan on verge of bankruptcy Return of Chernogorneft to Sidanco is in the Hands of Interros and Sidanco's Board BP Amoco Offers to Buy Stake In Oil, Gas Project From Russia (WSJ: paid subscription required) _____________ Spintek Gaming Expects To Run Out Of Funds In A Few Days Midas Shop Operator Files Bankruptcy Weather Forecast: Enter City, State, or Zipcode: