September 18, 2000 Daily Bankruptcy News

September 18, 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

Orbcomm: ORBCOMM lists $403 million in assets, $259 million in debts in bankruptcy filing Troubled Orbcomm Files for Chapter 11 Satellite Concern Orbcomm Global Files for Bankruptcy ORBCOMM Files for Bankruptcy Protection _____________ Ameriserve: Food Distributor Ameriserve Files Plan AmeriServe saga one step closer to resolution Bankrupt AmeriServe details reorganization ____________ Icahn Throws Dice On Claridge Equalnet Files 8-KA Disclosing Resignation Of E&Y As Accountants Time Warner Telecom Purchase of GST Assets Scheduled for Court Hearing Robbins Resource To Shut Bond-Funded Illinois Incinerator Prosecutors' numbers are off, AHERF attorneys say Morrison Knudsen warrant-holders hope for good news Movie Theater Industry: Overbuilding hits theaters General Concerns Brokers plot the scene if theaters stay dark General Cinema Theatres may have to seek bankruptcy Internet success upstages cinema profits General Cinema bankrupt? ___________ Fruit of the Loom to cut 300 Irish jobs Gencor wounded but can recover Credit Cards and Common Sense: State law may require fuller interest rate disclosures Medicaid payment rates blamed for nursing homes' ' financial distress	Iridium: Bankrupt Iridium System Attracts Some Spacey Bids Ex-ceo Of Iridium May Help Buy System Useless satellites return to earth ___________ Premiere Cruises: Passengers Stranded by Cruise Line Covered by Travel Insurance Policy High And Dry Voyagers Return In Lap Of Cruise Line Bankruptcy Cruising Brits Left Stranded Ft. Thomas man out $4,000 in cruise fiasco Passengers Shocked When Told Cruise Line Was Belly Up ___________ $6bn art collection in danger of bankruptcy Frontline rescues Golden Ocean Metrocall seeks partners in PageNet bid Paracelsus Healthcare Corporation Files Voluntary Petition For Chapter 11 Bankruptcy Protection to Facilitate Debt Restructuring Three Kuala Nursing Home Subsidiaries File Under Chapter 11 OmniComm Systems, Inc. Announces Corporate Restructuring Singer Company Emerges From Chapter 11; Reorganization Plan Approved by 95 Percent of Voting Creditors Southeastern Arizona Medical Center Faces Closure After Bankruptcy Bid Rejected China: China's DITIC to be declared bankrupt 30% of sugar refineries face bankruptcy, layoffs ____________ Phillips' Marquip sold to St. Louis company Safety Components Plan Of Reorganization	New Bankruptcy Opinions (2 new opinions today) England: Lloyd's Affiliate Equitas May Face Bankruptcy From Asbestos Claims Efdex leaves workers – and IBM – hungry for cash Secret Report: Dome was 'on brink of going bankrupt' Blair forced to face vote over Dome Jailed tycoon gambles on offshore comeback Glorious shipyard, builder of Titanic, given its final rivet _____________ Japan: Bailouts in Japan Kumagai Gumi to ask for 450 bil. yen debt waiver ____________ Canada: Agnew sues giant Payless No 'easy exit' for churches in native suits ____________ Germany: Gigabell, Neuer Markt Star in March, Faces Bankruptcy ____________ Argentina: Aerolineas Argentinas holder meeting postponed _____________ Korea: Ford Won't Make Bid For Daewoo Ford gives up bid for Daewoo Motor Charges filed against Daewoo founder, 40 officials for allegedly rigging books Monday- that’ll be the D-Daewoo Daewoo founder faces $20bn fraud charge South Korean banks open new auction for Daewoo Motor ____________ Weather Forecast: Enter City, State, or Zipcode: