October 4, 2000 Daily Bankruptcy News

October 4, 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

Black days for world's biggest undertaker American General Finance negligent in bankruptcy case - destruction of documents Grand Union: Grand Union bankrupt, again IN THE MONEY: Is 3rd Bankruptcy The End For Grand Union? (WSJ: paid subscription required) Grand Union files for Chapter 11 bankruptcy CNNFN: Grand Union in Chapter 11 Grand Union Files Voluntary Chapter 11 to Provide Further Funding During Sale Process Bankruptcy Filing Action is to help Grand Union arrange sale L.A. Times: Grand Union Files for Chapter 11 Supermarket Operator Grand Union Files For Chapter 11 Bankruptcy Protection (WSJ: paid subscription required) Grand Union Corp Credit Cut To D From CCC By S&P _________ El Rancho figure indicted for bankruptcy fraud accused of diverting funds to casino ship Bear Stearns Implicated in Investors' Lawsuit New Jersey: Pennsylvania Sues New Valley Corp. In Bankruptcy Court To Claim $8.6 Million In Unclaimed Money Order Funds Sun Healthcare Says Ex-Exec Is Stealing Staff 40% of New England HMOs Would Have Failed New RBC Solvency Test Largest Farmer-Owned Cooperative in Kansas Reopens, but Owes $20 Million Ex-isle banker, Former Bank of Honolulu CEO, may face 6 more charges 42 states sue to recover $8.6 million in unclaimed money orders Jacksonville - Ira Koger files for Chapter 11 protection Former Seattle-Area Computer CEO, His Wife Accused of Bankruptcy Deception Strouds Inc. To Cut Work Force By 50 Positions	Bankruptcy Reform: Senate Republicans Expected to Press Forward with Bankruptcy Legislation ___________ Bankruptcy Judge Has Case of Pennant Fever Economy Will Slow Down If Al Gore is Elected President, Say Lenders in Latest Phoenix Lending Survey NextWave: Bid for Vital Airwaves Falters AmeriServe: Hearings set on AmeriServe sale to Wal-Mart Court Approves AmeriServe DIP Financing Extension __________ Allied Products Chap 11 Petition Lists Liabilities Of $61.4 Million Allied Capital Responds to Net-Tel Bankruptcy Filing Movie Theaters: Judge grants motions in Dickinson reorganization case Chattanooga, Tenn., Mall to Have More Office Space, but No Movie Theater ___________ Dotcoms: Kibu Quits Before All Is Lost Pseudo Programs, Inc. Files for Chapter 11 Protection to Reorganize Interactive Streaming Video Programming Business Study predicts 86 dot-coms to go broke in next year The Par Four- Big bucks, big questions for Book4golf Pseudo Files For Bankruptcy While It Buys Time, Seeks Buyer ___________ Auditors want hearing on Baptist Foundation Bankrupt Baseball Team: Bankrupt baseball team may be sold Ball team may have a buyer _____________ Virginia Beach: Julian won't explain abrupt closing of Giuliano's market	New Bankruptcy Opinions (2 new opinions today) Japan: Aiful maneuvers to take over Life Co. ___________ Korea: US consortium cancels South Korean steel deal Nabors group scraps deal to buy Korea's Hanbo Steel US consortium cancels takeover of Korean steelmaker Creditors Concerned Over Fresh Loan Request From Dong Ah Construction S Korea Hanbo Creditors Seek New Buyer After Sale Failure ___________ Russia: A Russian Banker Rebounds By Outfoxing His Creditors (WSJ: paid subscription required) ___________ Pakistan: Rice farming sector on verge of collapse ___________ Petsec Energy to Sell Interests in Gulf of Mexico Leases Breed Performs Executive Shakeout Anna Nicole: The puzzling case of Anna Nicole Smith - How did Anna Nicole Smith go bankrupt and end up with a judgment in her favor for $450 million? Unlikely Allies Playmate married aging tycoon for money - lawyers Playmate's Affections at Issue Lawyers for sole heir say they'll prove whether Smith loved husband or his money _________ Northwestern U.S. - Bankruptcy Filings Down (WSJ: paid subscription required) Texas: Bankruptcy Filings Up (WSJ: paid subscription required) Weather Forecast: Enter City, State, or Zipcode: