October 17, 2000

Daily Bankruptcy News

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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

 

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