September 18, 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

         
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

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Ameriserve:

Food Distributor Ameriserve Files Plan

AmeriServe saga one step closer to resolution

Bankrupt AmeriServe details reorganization

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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?

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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

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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

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$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

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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

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Japan:

Bailouts in Japan

Kumagai Gumi to ask for 450 bil. yen debt waiver

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Canada:

Agnew sues giant Payless

No 'easy exit' for churches in native suits

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Germany:

Gigabell, Neuer Markt Star in March, Faces Bankruptcy

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Argentina:

Aerolineas Argentinas holder meeting postponed

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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

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