October 9, 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

         
Hanify & King Announces Toysmart.com License Availability

Anna Nicole:

Time Magazine: Who You Calling a Bimbo?

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Owens Corning:

Owens Corning and banks reach interim deal on funds

Asbestos Liability Fears Pull USG Down

Owens Corning Shares Plunge in Aftermath of Bankruptcy Filing

Building-supply stocks suffer fallout from Owens Corning

Owens-Illinois Sees $500 Million Charge

Grace Comments On Recent Events In Asbestos-related Litigation

The Demise of Owens Corning

Some investors worry that asbestos lawsuits will take down others

Some Armstrong Holdings Dividend Payments May Be at Risk Because of Owens Corning Bankruptcy

Collection Of Numerous Stories Regarding Owens Corning Filing

Investors Worry Over Asbestos Suits

Owens Corning: Bankruptcy won't affect local plant

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Hollywood Developers Come Up Empty

USDA denies wrongdoing after Supreme Beef Processing bankruptcy

Casinos:

Four bid for bankrupt AC hotel-casino

Sands bids $105M for Claridge

Casinos, a mixed blessing

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Indianapolis: Retailer Paul Harrris Warns Of Possible Bankruptcy

WorldClass Processing Auctioned In Pittsburgh Bankruptcy

Rainbow Metal to file for bankruptcy

Struggling KPC Medical Management Finally Pays Vendors

 

  Farrel Fritz Attorney Ted A. Berkowitz Begins Reorganization Of  Long Island Healthcare Corporation, Owner Of Island Medical Center

Nursing homes may see more Medicare funds

Loans Tightening to Young and Deeply Indebted Businesses
(NYT: free registration required)

Arch Shareholders Approve Merger with PageNet

Multicare bankruptcy update- Closing out of Ohio

Movie Theater Industry:

Noland Fashion Square cinema closes

Citing Increased Competition, Owners Close Fallbrook Mall's Movie Theater

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Dotcoms:

Lots of new companies. Lots of bad ideas. Looks like a new growth industry might be bankruptcy lawyers.

Freeinternet.com Files Chapter 11 Bankruptcy

Free ISP Files for Bankruptcy

Some dot-coms running on empty

NetZero Signs Letter of Intent to Acquire Certain Assets of Freeinternet.com; Move Comes as Freeinternet.com Files For Chapter 11 Bankruptcy Protection

Freei files for bankruptcy protection, cuts staff, plans to sell assets

____________

Prison Realty and Corrections Corp. of America Merge In Attempt to Prevent Bankruptcy of Largest Private Prison Company

Farmer's Co-op:

Farmers Co-op: Lawrence co-op's bankruptcy shouldn't be surprising to area farm scene

Bankruptcy filing leaves hundreds of farmers in lurch

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ENFORCE ABILITY Of INTERCREDITOR AGREEMENTS IN BANKRUPTCY

City of Tyrone, Okla. files for bankruptcy

 

 

New Bankruptcy Opinions
(3 new opinions today)

Korea:

Workout Firms Still Full of Moral Hazards

Daewoo Exec Offers to Quit Over Ford Flop

GM offers to buy all of Daewoo Motor

GM Reopens Its Quest To Buy Daewoo Motor

___________

Japan:

Japan urges banks to support Chiyoda Life

Japan's medical insurance system is on verge of bankruptcy

Chiyoda Life falls in Japan's biggest bankruptcy

Chiyoda Life faces $27 bln debt, asks court aid

Major Japanese Insurer Fails

Chiyoda Life files for bankruptcy

____________

Russia:

Using Bankruptcy as a Takeover Tool
(NYT: free registration required)

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Australia:

Bankruptcies Fall 7.9% In 3Q Vs 2Q

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SJI Wholesale Files Voluntary Petition to Reorganize Under Chapter 11

Wall Street Fears a Ripple Effect from Government Lawsuit Against Bankrupt Subprime Home Equity Lender Federal Alliance Corp.

Arch Wireless' bid for PageNet close to completion

NYSE Seeks Delisting Of Allied Products

Judge Refuses to Relieve Illinois Gaming Entrepreneur John Connors of Debt

Bankrupt North Carolina Medical Group to Close

Group managing ice arena lands in bankruptcy court

 

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