October 19, 2000 Daily Bankruptcy News

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 ___________ 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? _______________ Spintek: Spintek Gaming may seek bankruptcy protection, files Form 8-K Spintek showing off new products as it teeters on the edge of bankruptcy _____________ 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 ___________ 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 __________ 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 _____________ 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 _____________ Japan: Banks sue Tokyo over 3% tax Japanese economy feels effects of US blues Gov't ministers less certain of economic recovery ___________ EU: EU Needs Better Bankruptcy Laws ___________ Korea: Number of startups dips to 10-month low Hyundai says $1 bln deal with US group on track Seoul resorts to desperate measures _____________ Russia: Vodka Factory Ownership Resolved _____________ 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 ____________ 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 Weather Forecast: Enter City, State, or Zipcode: