October 19, 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

         
Asbestos:

Firm Protests Asbestos Tax Break

Owens-Illinois Reports Third Quarter Results

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Rollover IRAs not fully exempt from bankruptcy estate

Dotcoms:

Dot-Gone: More Flops on the Net A

Meet the New Retailer -- Same As the Old Retailer

Failed dot-coms worry consumers waiting for goods

Corporate Gluttony Not Among Scour's Deadly Sins, but Creditors Still Total 200

Webvan Says It Has Plenty Of Cash Allays Bankruptcy Fears

Dotcom start-ups dropping like flies in Sweden

Has Anyone Seen a Red Gorilla? Online Time and Billing Vendor Facing Bankruptcy?

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Spintek:

Spintek Gaming may seek bankruptcy protection, files Form 8-K

Spintek showing off new products as it teeters on the edge of bankruptcy

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Video Update may close nearly 20 percent of its 586 stores

Bankrupt Boxer Ray Mercer free to continue career

Chicago: City College Loses Appeal, Its Right To $51 Million Arising From Bankruptcy Court Judgment

Weiner's seeks Chapter 11 protection again; gains credit agreement

Corrections company rejoins with firm Merger intended to stave off bankruptcy

New Albany furniture company expands by acquiring assets of bankruptcy Bell Furniture Industries

Another Chapter 11 Filing For Paul Harris

Brewer, ME: Brewer works with paper mill through bankruptcy

Carelli's to close as owner files bankruptcy

  Bankruptcy Reform:

Analysis of H.R. 2415 of Bankruptcy Reform Act of 2000 As Passed by the United States House of Representatives

Minimum wage, bankruptcy reform, tax cuts, school aid still on lawmakers' plate

National Women's Law Center: Urging the Senate to Reject the Bankruptcy Bill

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New Regulations Clarify Home Sale Exclusion Rules, Including Applicability Of Rules In Bankruptcy Cases

Movie Theater Industry:

S&P cuts Imax Corp ratings

Theater owner files bankruptcy

Cash Woes Continue for Loews Theaters

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Bankruptcy lawyer-preacher slapped with 233 charges of professional misconduct

Levitz plans to leave bankruptcy this year

Ventura County, California: Closure of Medical Group Creates Chaos

The Big Dogs: Hedge fund vultures find rich pickings among poor nations

Bankruptcy move on behalf of church is criticized - Activist is dodging order with filing, judge says

Steel Industry:

USWA Backs Congressional Call for Immediate White House Action to Save U.S. Steel Industry

U.S. Congress passes antidumping steel measure

U.S. House submits resolution aimed at saving steel industry from bankruptcy

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National Envelope Corporation and American Pad & Paper Announce Sale of Williamhouse Division

Safety-Kleen gets more time to prepare reorganization plan

 

 

New Bankruptcy Opinions
(1 new opinion today)

Canada:

Sears Canada faces hurdles with relaunch of Eatons

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Japan:

Banks sue Tokyo over 3% tax

Japanese economy feels effects of US blues

Gov't ministers less certain of economic recovery

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EU:

EU Needs Better Bankruptcy Laws

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Korea:

Number of startups dips to 10-month low

Hyundai says $1 bln deal with US group on track

Seoul resorts to desperate measures

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Russia:

Vodka Factory Ownership Resolved

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Czech Republic:

Ceram's extra general assembly agrees bankruptcy petition

Nova Hut will join the bankruptcy petition against ZDB's by 13 Oct 2000

There is demand for the bankruptcy assets of the milk products firm Milpa

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Pro Air received $7 million from GM and DaimlerChrysler

Ex-Pan Am investors win legal battle of debts

Bankrupt Drypers gets DIP financing

Crown Vantage CFO Departs; Interim CFO Appointed

Economist Says There May Be Changing Times Ahead on Wall Street - Defaults on Loans In First Half Are At Same Levels As Recessionary Years Of The Early 1990s

 

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