January 15, 2001

Allegheny, Health, Education and Research Foundation  The U.S. Bankruptcy Court for the Western District of Pennsylvania has confirmed the reorganization plan in the Allegheny, Health, Education and Research Foundation Chapter 11 bankruptcy. For further information contact the debtor's attorney, Alan Hyman, at 212-969-3000.

 

Conexiones Tel-Mex Inc., El Monte, Ca., has now filed Chapter 7. No schedules were listed in the filing.  The case number is 00-44002-km. For further information contact the debtor's attorney, Michael La Cilento, at 909-273-3455.

 

Far West Homes LLC, Palos Verdes, Ca., has now filed Chapter 11. No schedules were listed in the filing.  The case number is 00-43979-AA. For further information contact the debtor's attorney, Mark Fields, at 310-540-2000.

 

Fastpoint Communications Inc., Los Angeles, Ca., has now filed Chapter 11. No schedules were listed in the filing.  The case number is 00-43782-SB. For further information contact the debtor's attorney, Gregory Jones, at 310-229-1000.

 

KCS Energy Inc.  A 1/30 hearing has been scheduled to consider confirmation of the reorganization plan in the KCS Energy Inc. Chapter 11 bankruptcy. For further information contact the U.S. Bankruptcy Court for the District of Delaware at 302-252-2900.

 

Relay Point Inc., a Hollywood, Ca. Internet service provider, has now filed Chapter 11 listing assets and liabilities of $1.6 million and $3.7 million respectively. The case number is 00-44012-BR. For further information contact the debtor's attorney, George Paukert, at 818-265-0800.

 

Super Star Plus Corp., Sacramento, Ca., has now filed Chapter 11. No schedules were listed in the filing.  

 

Trujillo Steel Erectors Inc., Broomfield, Co., has now filed Chapter 7 in the U.S. Bankruptcy Court in Denver. No schedules were listed in the filing.  

 

January 16, 2001

AJ Contracting Co., a Manhattan, N.Y. interior contractor which recently filed Chapter 11, believes that it can turn itself around, despite that fact that its liabilities of $11.5 million are more than double its assets.  The company was forced to file for bankruptcy protection after it was hit with a $1 million judgment related to a legal dispute with a subcontractor.  In addition, AJ Contracting is still recovering from a pay-to-play bribery scandal a few years ago that resulted in $20 million in fines against AJ and several other companies. 

 

Commco Technology LLC, Stamford, Ct., has now filed Chapter 11 in the U.S. Bankruptcy Court in Hartford, Ct.  The firm listed assets and liabilities of between $10 million and $50 million each.

 

Continental Communities Construction Co., Woodland Hills, Ca., has now filed Chapter 11 in the U.S. Bankruptcy Court in Los Angeles. The firm listed assets and liabilities of about $2.7 million each. For further information contact the debtor's attorney, Ilyse Klaver, at 818-225-9800.

 

Heart Center of Northern Virginia Ltd., Alexandria, Va., has now filed Chapter 11 in the U.S. Bankruptcy Court in Alexandria. The firm listed assets and liabilities of $695,000 and $792,000 respectively.

 

JR International Group Inc., Woodland Hills, Ca., has now filed Chapter 11 in the U.S. Bankruptcy Court in Los Angeles. The firm listed assets and liabilities of $900,000 and $725,000 respectively. For further information contact the debtor's attorney, Edward Wolkowitz, at 310-277-7400.

 

Lechters Inc., a Harrison, N.J.-based retailer of houseware products, is trying to assure its suppliers that it is headed for a successful turnaround.  The company's turnaround strategy is based on upgrading its budget merchandise, enhancing its focus on kitchen products and adding e-commerce operations to its Web business.  Lechters, which reported losses of $38 million in its most recent nine-month period on a 6% decline in sales--to $254 million, has not reported a fiscal profit in nearly four years. In addition, the firm has seen its credit line dwindle from $120 million to only $18.8 million as of last October. The operator of more than 500 stores has been caught between pressure from higher-end retailers such as Bed Bath & Beyond and discounters such as Target Corp. 

 

Promedco of Temple, Fort Worth, Tx., has now filed Chapter listing assets of between $10 million and $100 million. Its liabilities are estimated to be in excess of $100 million.

 

USA Biomass Corp., a Bell Gardens, Ca. solid-waste transportation company, has now filed Chapter 11 listing assets and liabilities of $12.9 million and $14.5 million respectively. Listed at the same address and also filing Chapter 11 were American Greenwaste Inc., listing assets and liabilities of $196,000 and $322,000 respectively, and American Waste Transport Inc., which listed assets and liabilities of $8.3 million and $9.2 million respectively. For further information contact the debtors' attorney, Alan Friedman, at 949-760-0991.

 

January 17, 2001

ALS Logistics Inc., Middlesex, N.J., has now filed Chapter 7.  No schedules were listed in the filing. 

 

Bipolar Power International, a Whittier, Ca. maker of lead-acid batteries, has now filed Chapter 11 listing assets and liabilities of $471,000 and $1.5 million respectively. For further information contact the debtor's attorney, Andrew Misom, at 949-453-0564.

 

Chiquita Brands International Inc. reported that it is unable to pay its debt and that it will likely file for bankruptcy protection.  The Cincinnati, Oh. fruit company, which is the world's biggest producer of bananas, has blamed its woes on European banana quotas, which it claims have cost it some $1.3 billion in revenue since 1992.

 

Coldfreight Inc., Austell, Ga., has now filed Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Georgia. No schedules were listed in the filing. 

 

Computer Connections America, Waltham, Ma., has now filed Chapter 7. No schedules were listed in the filing.  

 

Global Coatings International Corp., Bradenton, Fl., has now filed Chapter 11. No schedules were listed in the filing.  

 

Graphics Technologies Inc. of Eden Prairie, Mn., which formerly did business as Virtual Technologies Corp., has now filed Chapter 11 in the U.S. Bankruptcy Court in Minneapolis.  The firm listed assets and liabilities of nearly $2.2 million and $14.1 million respectively.

 

Guido's Food Co. Inc., Brooksville, Fl., has now filed Chapter 7. No schedules were listed in the filing.  

 

Healtheatre.com Inc. of Alpharetta, Ga., which does business as Healthcare Information Depot Inc., has now filed Chapter 7 in the U.S. Bankruptcy Court for the Northern District of Georgia. The firm listed assets of only $71,000 and liabilities of $883,000.

 

Imperial Color Corp., Elizabeth, N.J., has now filed Chapter 7.  No schedules were listed in the filing. 

 

Imperial Sugar Co. of Sugar Land, Tx. has now filed Chapter 11. The company, which has defaulted on $250 million in senior notes, made the filing in the U.S. Bankruptcy Court in Wilmington, De., listing assets and liabilities of $1.1 billion and $775 million respectively.  In conjunction with the filing, the company has arranged for $85 million in new financing that will allow it to continue operations and another $307 million in financing for use after it emerges from bankruptcy protection.

 

JCC Holding Co.  A 2/8 hearing has now been scheduled to consider approval of the disclosure statement in the JCC Holding Co. Chapter 11 bankruptcy. For further information contact the U.S. Bankruptcy Court for the Eastern District of Louisiana at 504-589-7878.

 

Kelly's Enterprises Inc. in Beverly Hills, Ca., which does business as Kelly's Coffee and Fudge, has now filed Chapter 11 listing liabilities of nearly $2.5 million.  For further information contact the debtor's attorney, Stephen Biegenzahn, at 818-594-8822.

 

North Point Communications Group Inc., a provider of high-speed Internet access, filed Chapter 11, pressured by competition and tighter access to the capital markets. The San Francisco, Ca. company, filing in the U.S. Bankruptcy Court for the Northern District of California, said that it has a commitment from its lenders for as much as $38 million in debtor-in-possession financing so that it can continue daily operations.

 

Only Multimedia Network Inc., Los Angeles, Ca., has now filed Chapter 11 in the U.S. Bankruptcy Court in Los Angeles.  No schedules were listed in the filing.  For further information contact the debtor's attorney, David Neale, at 310-229-1234.

 

Pure Country Inc., Jefferson, La., has now filed Chapter 7 in the U.S. Bankruptcy Court for the Eastern District of Louisiana. The firm listed assets of only $23,000 and liabilities of $973,000. 

 

Resonant Optics Inc., Lexington, Ma., has now filed Chapter 7. No schedules were listed in the filing.  

 

 

January 18, 2001

Bennet Economy Sanitation Inc., Salt Lake City, Ut., filed Chapter 11 in the U.S. Bankruptcy Court in Salt Lake City.  The company listed assets and liabilities of $2.3 million and $1.7 million respectively.

 

Daewoo Motor, the bankrupt South Korean carmaker, has seen its creditors file a reorganization plan that calls for laying off 2,800 employees.

 

Dimac Holdings Inc.  A 1/24 hearing has been scheduled to consider the sale of certain assets in the Dimac Holdings Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, George Davis, at 212-310-8000.

 

Sendmygift.com, a Burnsville, Mn. Internet gift registry, filed Chapter 11 listing assets and liabilities of $10.2 million and $5.2 million respectively.

 

Tumbleweed Communications Corp., a Redwood City, Ca. provider of Internet-messaging solutions which is facing mounting losses, announced that it will reduce its payroll by seventy-four employees (20% of its workforce). The company also said that its fourth quarter loss will be as much as $18 million, more than double the loss in last year's fourth quarter.

 

U.S. Forest Industries Inc., a Medford, Or. forest-products company that filed Chapter 11 last month citing weak market prices, has reopened its mills in Grants Pass and White City after receiving approval from the U.S. Bankruptcy Court to pay the 300 employees that were rehired at those plants.  The company will apparently not reopen its two other mills, which employed another 300 workers.

 

January 19, 2001

Brazilian American Trading Co., Miami, Fl., has now filed Chapter 7. No schedules were listed in the filing. 

 

Daleen Technologies, a Boca Raton, Fl. supplier of e-business infrastructure software, announced plans to lay off 135 employees (27% of its workforce) in an effort to cut costs.

 

First American Service Transport Inc., Miami, Fl., has now filed Chapter 7. No schedules were listed in the filing. 

 

Hyundai Electronics Industries Inc., a South Korean maker of memory chips, announced plans to slash its payroll by 23% and sell off some of its assets. The firm is attempting to reduce its debtload of $6 billion.

 

International Medical Services Inc., Memphis, Tn., has now filed Chapter 7 in the U.S. Bankruptcy Court for the Western District of Tennessee.  No schedules were listed in the filing.  

 

Learning Express, Sacramento, Ca., has now filed Chapter 7 listing assets and liabilities of $355,000 and $729,000 respectively. 

 

Markham Computer Corp., Boca Raton, Fl., has now filed Chapter 7. No schedules were listed in the filing. 

Visone Corvette of Massachusetts Inc., Boca Raton, Fl., has now filed Chapter 11. No schedules were listed in the filing.