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)

 

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