October 20, 2000 Daily Bankruptcy News

October 20, 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

Grand Union: Bankruptcy raises concern over pensions Dotcoms: Failing dot-coms leave unpaid creditors -- and celebrity endorsers -- out in cold Consumers Caught When Dot Coms Close Bankruptcy Court Approves Student Advantage, Inc. Purchase of CollegeClub.com, One of Nation's Most Popular Community Web Sites Red Herring cuts 25 jobs, cites online ad slowdown ___________ The Cork Is Back In The Bottle: Layoffs, retrenchment increase as jitters hit investors, markets Xerox Considers a Major Revamping, Suffering From Self-Inflicted Wounds (WSJ: paid subscription required) Textron Announces Restructuring Plan Laidlaw faces revolt of investors IRS Wants to Look at Amex, MasterCard Accounts in Offshore Bank Havens Only the bankruptcy trustee has standing to surcharge secured creditor's collateral Calumet Farms: Calumet Farm Execs Sent To Prison Judge sentences man for bribery, not in horse's death ___________	Bankruptcy Reform: Lott Likely To Bring Bankruptcy Reform Bill Up Today Legislation to Renew Chapter 12 Introduced More Time For Bankruptcy Reform? Congress enters fall scramble Wellstone could lose battle, win war on bankruptcy bill Chapter 12 Bankruptcy Action - Cloture Motion Likely In Senate ____________ SurgiLight Buys Assets of Bankrupt Premier Laser Systems Mountain Energy could be forced into bankruptcy Bank Lenders and Creditor Committee Express Support for Imperial Home Decor Group Inc. Extension of Exclusivity Family Health Care: Most Family Health Care Patients Still in Dark Ventura County- Failed Medical Group's Patients Lack a Clear Prognosis ____________ Anna Nicole: Playmate Hospitalized by Dumbbell The playmate, the billionaire and the dumbbell ____________ Congress Restores Funding for Medicare - Clinton Threatens Veto	New Bankruptcy Opinions (No new opinions today) Japan: Kyoei Life Files for Bankruptcy, $42 Billion in Debt - Ends Prudential Link Japanese insurance company to file bankruptcy Japan Takes Wraps off Massive Economic Recovery Program AIG says formally appointed Chiyoda Life sponsor _____________ Yugoslavia: Yugoslav Economy on the Brink of Meltdown ____________ Sweden: reCulture AB Submits Bankruptcy Application ______________ Belguim: Sabena Announces Major Restructuring to Deal With Financial Problems ___________ Heilig-Meyers Profits To Be Lower Sia pleads not guilty to 6 more federal charges Potential buyer to keep Telequest afloat; judge turns down executive's request to return to control $1M-a-year pianist allegedly behind on alimony seeks bankruptcy protection Weather Forecast: Enter City, State, or Zipcode: