October 26, 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

         

NextWave:

Because Of Recent Conflicting Court Decisions Congress Considers Delay of FCC Auction Of NextWave's Wireless Licenses

FCC's NextWave License Auction Undeterred By Ruling In Similar Case

The Opinions:

GWI

and 

NextWave

______________

Asbestos:

Halliburton stock hit by engineering slowdown and asbestos concerns, plans internal reorganization

_____________

Dotcoms:

Clinging to Silicon Alley’s wreckage

California smiles on in the dot-com massacre

Layoffs leave dot-com workers shaken

Entrepreneurs Find Lessons in Failures

____________

Movie Theater Industry:

State's Cinema Building Boom Fading To Black

Tampa, Fla., Developers Look to Shield New Mall From Theater Industry Woes

_____________

Buyer of Elias Big Boy upbeat

Vencor Receives Court Approval to Extend Maturity of Its Debtor-In-Possession Financing

Panel set to review judge applicants; Bangor bankruptcy court post to be filled

Family Health Care- Company No Longer Intends To File Bankruptcy

Mossimo: Irvine Co. sues for unpaid rent

Students Won't Be Monkeying Around After Playground Equipment Company Goes Belly Up

Nu-kote Emerges From Chapter 11

 

  Bankruptcy Reform:

Down To The Wire: Congress moves into 'crunch time'

____________

Study Finds Companies With Multiple Write-Downs Four Times More Likely To File Bankruptcy

Bond defaults mount Dropping quality of corporate credit concerns economists

Reliance Group Holding Bankruptcy Coming?
(WSJ: paid subscription required)

Lynn Butler, Former Texas AG Bankruptcy Lawyer, Opens Bankruptcy Firm

Anna Nicole:

Defendant's Lawyer On Playmate's $450 Million Bankruptcy Court Judgment: “the modern equivalent of a Star Chamber proceeding in which the accused is presumed guilty and foreclosed from presenting evidence in his defense.”

Judge rejects mistrial in Playmate case

_____________

What's The World Coming To? Ads For Super Priority Loans? Breider, Moore & Co. Announces Super Secured Priority Loan Opportunity

Xerox shares fall despite turnaround plan

Allied Digital Technologies, 4 Affiliates File For Ch 11
(WSJ: paid subscription required)

Lawrence, Kan.-Based Farm Co-Op Encounters Financial Trouble - Needs to Sell Assets

Family Health Care: HMO System's Failure

Owners sucked Magil dry- bankruptcy trustee accuses the ex-owners of Magil Construction of siphoning more than $20 million out of the firm

Champion to Acquire Assets of Huntington, WV Cordage Paper Division Pursuant To Bankruptcy Bid

Development groups planning new life for shuttered Detroit hotel - Bankruptcy court to decide fate

 

 

New Bankruptcy Opinions
(No new opinions today)

Japan:

Japan's Sogo courts creditors with revival pan

Sogo Seeks Waiver Of Most of Its Debt

Japanese Store Sogo To Consolidate

Sogo faced with hard sell over restructuring plan

Failed Japanese department store Sogo to reduce stores, jobs

____________

Canada:

Living on brink of bankruptcy

_____________

France:

Chromaline Europe SA In Liquidation

___________

Belguim:

Sabena mulls capital hike; denies imminent bankruptcy; no aid from Belgian gvt

____________

Mexico:

Tribasa 3Q Report Delayed; Creditors Agree To Third-Party Due Diligence

____________

Korea:

Daewoo Motor runs out of road

_____________

Czech Republic:

Eight firms from the group Z-Group are endangered by bankruptcy proceedings

____________

Tokheim's Restructuring Plan Effective as of October 20, 2000

Nettel Converts To Chapter 7

Milwaukee Hospital Shuts Down

Microbest, Inc. Petitions for Dismissal Under Chapter 11

 

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