July 31, 2001

Ha-Lo Industries Inc. filed Chapter 11 as part of a strategy to continue operating as it reorganizes. Included in the filing were its Starbelly.com Inc. and Lee Wayne Corp. units. In conjunction with the filing, made in the U.S. Bankruptcy Court in Delaware, Ha-Lo arranged for $30 million in financing through its two main lenders, LaSalle Bank and Comerica. The Niles, Il. distributor of promotional products has been plagued by ongoing losses and problems at its Starbelly.com unit, which is it last year for $240 million. Ha-Lo, which last year reported an operating loss of $64 million, listed assets and liabilities of about $100 million and $80 million respectively in its filing.

LTV Corp. has received approval from the U.S. Bankruptcy Court for a labor contract. According to the contract, the Cleveland, Oh.-based steelmaker, which has been reorganizing under Chapter 11 since last December, would end up 20%-owned by its United Steelworkers of America employees. The deal, which the court accepted over shareholders' objections, would permit LTV to trim its payroll by the equivalent of 1,300 full-time employees.

Lumina Office Products Inc., Woodside, Ca., filed Chapter 7 in the U.S. Bankruptcy Court in California. No schedules were listed. The case number is 01-53263.

Great Ideas Inc., Washington, D.C., has now filed Chapter 7 in the U.S. Bankruptcy Court in the District of Columbia. No schedules were listed. The case number is 01-1415.

Zillacast.com Inc., Manhattan, N.Y., has now filed Chapter 7 in the U.S. Bankruptcy Court in Washington, D.C. No schedules were listed. The case number is 01-1418.

Plaza Cadillac Inc., Leesburg, Fl., has now filed Chapter 7 in the U.S. Bankruptcy Court in Florida. No schedules were listed. The case number is 01-06342.

Longwood Marine Inc., Winter Spring, Fl., has now filed Chapter 7 in the U.S. Bankruptcy Court in Florida. No schedules were listed. The case number is 01-06208.

Simplified Employment Services in Auburn Hills, Mi., which recently filed for bankruptcy protection, may serve as an important lesson about being cautious when placing trust--and investment--in fast-growing companies. According to an opinion in Crain's Detroit Business, SOS was headed for disaster for months or even years. SOS reportedly owed the Internal Revenue Service as much as $100 million in back taxes, but continued to operate despite ongoing investigations. What remains to be seen is whether the firm's liabilities to the IRS will end up being the responsibility of SOS's clients.

An 8/20 hearing has been scheduled regarding the sale of the Hong Kong assets in the PSINet Inc. Chapter 11 bankruptcy. For further information contact the U.S. Bankruptcy Court for the Southern District of New York at 212-668-2867.

July 30, 2001

WorldxChange Communications, a bankrupt unit of World Access Inc. of Atlanta, Ga., has been sold in a bankruptcy auction to I-Link Inc., a Utah-based firm, in a deal valued at $13 million. I-Link, which has been expanding through acquisitions, reported a first quarter loss of $5.9 million on revenue of $6.2 million.

IDiamond.com Inc., Union City, Ca., has now filed Chapter 7 in the U.S. Bankruptcy Court in Oakland. No schedules were listed. The case number is 01-43758.

Call Denver Inc., Denver, Co., has now filed Chapter 7 in the U.S. Bankruptcy Court in Denver. The firm listed assets and liabilities of $88,000 and $529,000 respectively. The case number is 01-19643.

Madison Berlin Financial Services Inc. in Greenwood Village, Co., which does business as National Factoring Services, has now filed Chapter 11 in the U.S. Bankruptcy Court in Denver. The firm listed assets and liabilities of less than $10 million each. The case number is 01-19639.

Comdisco Inc., the bankrupt Rosemont, Il. firm, has seen a bankruptcy hearing regarding the bidding procedures for certain of its business units postponed until 8/9.

A 10/17 deadline has been set for filing proof of claims in the Metricom Inc. Chapter 11 bankruptcy. In addition, an 8/17 creditors' meeting has been scheduled. For further information contact the debtor's attorney, Bill Petty, at 415-616-7614.

Best for Less Inc., Uniontown, Pa., has now seen an involuntary Chapter 7 petition filed against it in the U.S. Bankruptcy Court in Pittsburgh. No schedules were listed. The case number is 01-27278.

Kapeya Solutions LLC, Pittsburgh, Pa., has now filed Chapter 7 in the U.S. Bankruptcy Court in Pittsburgh. The firm listed assets and liabilities of $51,000 and $798,000 respectively. The case number is 01-27051.

An 8/20 hearing has been scheduled to consider the sale of certain assets in the Sunbeam Corp. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Harvey Miller, at 212-310-8000.

An 8/20 hearing has been scheduled to consider the sale of certain assets in the AI Realty Marketing of New York Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Harvey Miller, at 212-310-8000.

An 8/31 deadline has been set for filing proof of claims in the Armstrong World Industries Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Richards, Layton & Finger PA, at 877-866-0655.

An 8/20 deadline has been set for filing proof of claims in the Commercial Financial Service Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Larry Wolfson, at 312-222-9350.

July 27, 2001

American Air Flow Inc., Statesville, N.C., has now filed Chapter 11 in the U.S. Bankruptcy Court in Charlotte. No schedules were listed. The case number is 01-51195.

Warnaco Group Inc., the bankrupt Manhattan, N.Y. apparel company, has put on the selling block its Lejaby lingerie-and-swimwear unit in France. Lejaby, which Warnaco bought in 1996, has annual sales of between $80 million and $90 million. Warnaco, which filed Chapter 11 in June, said the intended sale of Lejaby is part of a restructuring and could lead to other asset divestitures.

Executrain of Southern California Inc., a unit of Executrain Corp. of Alpharetta, Ga., filed Chapter 7 listing assets of less than $500,000 and liabilities of as much as $10 million. Only the California unit and not the parent company is affected by the filing.

General Time Corp. in Norcross, Ga., which also does business as Westclox, has now filed Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Georgia. The firm listed liabilities of at least $11.9 million. No assets were listed. The case number is 01-68893.

Golden Books Family Entertainment Inc., the bankrupt children's book publisher which recently agreed to be acquired by DIC Entertainment Inc. of Burbank, Ca. for $80 million, has now received a joint bid from Random House Inc. and Classic Media Inc. to acquire it for $86 million. The Random House/Classic Media deal would assume $30 million of Golden Books' liabilities while the earlier DIC offer included about $90 million in debt assumption.

Golden Eagle Security & Electronics Inc., Tampa, Fl., has now filed Chapter 7 in the U.S. Bankruptcy Court in Tampa. No schedules were listed. The case number is 01-12684.

Hialeah Cancer Care Center, Hialeah, Fl., has seen an involuntary Chapter 11 petition filed against it in the U.S. Bankruptcy Court in Florida. No schedules were listed. The case number is 01-17263.

Key West Brewery Inc., Key West, Fl., has now filed Chapter 11 in the U.S. Bankruptcy Court in Florida. No schedules were listed. The case number is 01-17331.

MP Transport Corp., Miami, Fl., has now filed Chapter 7 in the U.S. Bankruptcy Court in Florida. No schedules were listed. The case number is 01-17255.

Oria Stamp Concrete Inc., Miami, Fl., has now filed Chapter 7 in the U.S. Bankruptcy Court in Florida. No schedules were listed. The case number is 01-17237.

Stellex Technologies Inc. has now received approval for its disclosure statement from the U.S. Bankruptcy Court in Delaware. In addition, a hearing has been scheduled to consider confirmation of the reorganization plan has now been scheduled for 8/21.

An 8/3 creditors' meeting has been scheduled in the Talon Automotive Group Inc. Chapter 11 bankruptcy. In addition, an 8/20 deadline has been set for filing proof of claims in the case. For further information contact the debtor's attorney, Joseph Fischer, at 248-644-4840.

US Bearing Corp., Miami, Fl., has now filed Chapter 7 in the U.S. Bankruptcy Court in Florida. No schedules were listed. The case number is 01-17295.

USG Corp., a bankrupt Chicago, Il. wallboard maker, reported a second quarter net loss of $13 million. The results included nonrecurring charges of $10 million. Its revenue declined 19%--to $806 million.

Williams Farms and Trucking, Leon, Ks., has now filed Chapter 11 in the U.S. Bankruptcy Court in Wichita. The firm listed assets and liabilities of $509,000 and $1.2 million respectively. The case number is 01-13274.

W.R. Grace & Co., a bankrupt Columbia, Md. maker of chemicals, reported its second quarter net fell 34%--to $23 million. Sales increased 11%--to $450 million. The firm filed Chapter 11 in April as a defensive maneuver amid asbestos litigation.

Zgoplus.com Inc., Miami, Fl., has seen an involuntary Chapter 7 petition filed against it in the U.S. Bankruptcy Court in Florida. No schedules were listed. The case number is 01-17211.

July 26, 2001

Guy's Foods Co.'s primary lender, LaSalle Bank of Chicago, Il., still has been unable to find a buyer for the company's manufacturing plant in Liberty, Mo. Guy's Foods, based in Kansas City, Mo., filed Chapter 11 more than a year and a half ago.

Denny's Auto Sales Inc., Sewell, N.J., has now filed Chapter 11 in the U.S. Bankruptcy Court in Camden. No schedules were listed. The case number is 01-16819.

St. John's Mercy Medical Center in Creve Coeur, Mo. is still wrangling over a proposed labor contract with its nurses' union. Now in its second year of trying to find a mutually acceptable contract, St. John's Mercy claims that with earnings of only $2 million expected this year it is hardly in a position to agree to the nurses' proposed contract, which St. John's says will cost it $30 million over three years.

Health Midwest, a Kansas City, Mo. nonprofit health system, has retained Cap Gemini Ernst & Young to help it conduct a study on streamlining its operations. The company, now looking at $40 million in losses next year, warned that losses could reach $75 million within three years unless a drastic restructuring is undertaken. For a free copy of an article about Health Midwest's financial problems call 800-407-9044.

Home Health Corp., King of Prussia, has requested permission from the U.S. Bankruptcy Court to extend its exclusivity period for filing a reorganization plan by 60 days--until 7/28.

Chiquita Brands International Inc., Cincinnati, Oh., reported a second quarter operating loss of $11 million. The results included nonrecurring charges of $2 million. Its revenue declined 1%--to $595 million.

HomeLife Inc. has now received approval from the U.S. Bankruptcy Court to issue refund checks to customers who ordered furniture but never received it. The Hoffman Estates, Il. retailer filed Chapter 11 in the middle of July.

An 8/15 hearing has been scheduled to consider a proposed financing agreement in the Nomus-North Carolina Inc. Chapter 11 bankruptcy. For further information contact the U.S. Bankruptcy Court at 336-631-5340.

July 25, 2001

JBNJ of New York Inc. in Johnstown, N.Y., which does business as Video World, has now filed Chapter 11 in the U.S. Bankruptcy Court in Albany. The firm listed liabilities of $991,000. No assets were listed. The case number is 01-14208.

GPO Recreation & Welfare Association Inc., Washington, D.C., has now filed Chapter 7 in the U.S. Bankruptcy Court in the District of Columbia. No schedules were listed. The case number is 01-0283.

Metro Imported Auto Parts, Mount Airy, Md., has now filed Chapter 7 in the U.S. Bankruptcy Court in Rockville. No schedules were listed. The case number is 01-17780.

Athena Medical Scientific of Maryland Inc., Dunkirk, Md., has now filed Chapter 7 in the U.S. Bankruptcy Court in Rockville. No schedules were listed. The case number is 01-17860.

Tsunami Marine Manufacturing Co., Egg Harbor, N.J., has now filed Chapter 11 in the U.S. Bankruptcy Court in New Jersey. No schedules were listed. The case number is 01-16890.

Burke Industries Inc., South Kearney, N.J., has now filed Chapter 11 in the U.S. Bankruptcy Court in New Jersey. No schedules were listed. The case number is 01-37365.

Found Money Inc. in Westlake Village, Ca., which did business as Droze Music, has now filed Chapter 7 in the U.S. Bankruptcy Court in Los Angeles. The firm listed assets liabilities of more than $2 million. No assets were listed. The case number is SV01-15692-GM. For further information contact the debtor's attorney, Richard Moneymaker, at 213-622-1088.

Amco Entertainment Group Inc., Los Angeles, Ca., has now filed Chapter 7 in the U.S. Bankruptcy Court in Los Angeles. No schedules were listed. The case number is LA01-28457-TD. For further information contact the debtor's attorney, David Hagen, at 818-992-1940.

Interact Database Technologies Inc., Los Angeles, Ca., has now filed Chapter 7 in the U.S. Bankruptcy Court in Los Angeles. No schedules were listed. The case number is LA01-28418-VZ. For further information contact the debtor's attorney, Tyson Takeguchi, at 213-637-1566.

Avacon Corp., Los Angeles, Ca., has now filed Chapter 7 in the U.S. Bankruptcy Court in Los Angeles. The company listed assets of only $26,000 and liabilities of more than $4.7 million. The case number is LA01-28743-VZ. For further information contact the debtor's attorney, Richard Michelman, at 818-906-7373.

An 8/24 deadline has been set for filing certain winddown claims in the Caldor Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Andrew Kress, at 212-836-8000.

Applied Logix Corp., Woodbridge, Va., has now filed Chapter 7 in the U.S. Bankruptcy Court in Alexandria. The company listed assets of less than $50,000 and liabilities of between $500,000 and $1 million. The case number is 01-12660.

Jimmy Clothing Inc., Temple City, Ca., has now filed Chapter 7 in the U.S. Bankruptcy Court in Los Angeles. No schedules were listed. The case number is LA01-28437-VZ. For further information contact the debtor's attorney, Gary Harrison, at 626-309-0500.

An 8/27 deadline has been set for filing proof of claims in the Washington Group International Inc. Chapter 11 bankruptcy. For further information contact the U.S. Bankruptcy Court in Nevada at 702-388-6257.

An 9/29 deadline has been set for filing proof of claims in the Durango Apparel Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Sidney Platzer, at 212-593-3000.

July 24, 2001

Horizon Pharmacies Inc., a Denison, Tx. operator of pharmacies, filed Chapter 11 with the intention of selling its forty-three retail pharmacies. The filing, made in the U.S. Bankruptcy Court in Dallas, included its Horizon Home Care Inc., HorizonScripts.com and Jones Low Priced Drugs Inc. subsidiaries. In conjunction with the filing, Horizon said it had lined up $2 million in debtor-in-possession financing through its main lender, McKesson HBOC Inc.

GolfPro International Inc., San Jose, Ca., has now filed Chapter 11 in the U.S. Bankruptcy Court in California. No schedules were listed. The case number is 01-53267.

Tufts Electronics Group Inc., Reading, Ma., has now filed Chapter 7 in the U.S. Bankruptcy Court in Boston. No schedules were listed. The case number is 01-15110.

Art Jewelry Co. of Gloucester Inc., Gloucester, Ma., has now filed Chapter 11 in the U.S. Bankruptcy Court in Boston. No schedules were listed. The case number is 01-15122.

DMR Financial Services Inc., a Farmington Hills, Mi. firm which recently filed Chapter 11, reportedly owes between $1 million and $10 million to hundreds of unsecured creditors.

Progressive Environmental & Engineering Inc., Fraser, Mi., has now filed Chapter 11 in the U.S. Bankruptcy Court in Detroit. The firm listed assets and liabilities of $694,000 and $700,000 respectively.

Enlighten Sports Inc., Ann Arbor, Mi., has now filed Chapter 7 in the U.S. Bankruptcy Court in Detroit. No schedules were listed.

Assisted Living Concepts Inc., a Portland, Or.-based operator of assisted-living communities, is being abandoned by more supporters, with Greenlight Capital, its biggest institutional shareholder, deciding to dump all of its equity in the company in order to cut its losses. Assisted Living recently failed in its efforts to negotiate more than $160 million in debt with its debenture holders, according to a recent filing with the Securities and Exchange Commission. In that statement with the SEC, Assisted Living said that it intended to further negotiate with its debtholders and then restructure under a prepackaged Chapter 11 bankruptcy filing.

An 8/22 auction has been scheduled regarding the assets in the SSE Telecom Inc. bankruptcy. For further information contact the debtor's attorney, Aaron Paul, at 510-763-1000.

An 8/28 hearing has been scheduled regarding confirmation of the reorganization plan in the Genesis Health Ventures Inc. Chapter 11 bankruptcy. For further information contact the U.S. Bankruptcy Court for the District of Delaware at 302-252-2900.

An 8/29 hearing has been scheduled to consider the sale of certain assets in the LTV Steel Co. Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, David Heiman, at 216-586-3939.

July 23, 2001

Krause's Furniture Co., a Brea, Ca. manufacturer and retailer of furniture, has now filed Chapter 11 in the U.S. Bankruptcy Court in Santa Ana, Ca. The firm cited slow economic conditions. Krause's, which has reportedly obtained a commitment for a debtor-in-possession financing package, plans on closing some of its distribution centers and showrooms and trimming its payroll by about 100 employees as it attempts to restructure its operations.

Comdisco Inc. recieved word from SunGard Data Systems Inc., a Wayne, Pa. software firm, that it's interested in making a bid to purchase Comdisco's computer-disaster-recovery business. Comdisco has also been negotiating to sell its leasing unit to General Electric Co. of Fairfield, Ct. The leasing unit's book value was recently estimated to be about $4.5 billion. As part of its bankruptcy restructuring, Comdisco had earlier agreed to sell its technology-services division to Hewlett-Packard Co. of Palo Alto, Ca. for $610 million. Rosemont, Il.-based Comdisco recently filed Chapter 11 in U.S. Bankruptcy Court for the Northern District of Illinois listing assets and liabilities of $7.5 billion and $6.7 billion respectively.

USG Corp.'s stock has been faring well since the firm filed Chapter 11 in June. Its share price has jumped more than 60% since the bankrupt Chicago, Il. maker of wallboard filed. Some analysts point out that USG's Chapter 11 filing is primarily related to asbestos litigation and that there could be a strong business left after reorganization is completed.

Teligent Inc., a Vienna, Va. phone and data company which filed for bankruptcy protection in May, has received expressions of interest from Verizon Communications Inc., WorldCom Inc. and IDT Corp., which may be seeking to buy all or part of Teligent.

RRS Industries Inc., Sacramento, Ca., has now filed Chapter 11 in the U.S. Bankruptcy Court in California. No schedules were listed. The case number is 01-27534-B-11.

Newark Recycling and Composting Co. Inc., Newark, N.J., has now filed Chapter 11 in the U.S. Bankruptcy Court in New Jersey. No schedules were listed. The case number is 01-37262.

Gilbert Express Inc., Monmouth Junction, N.J., has now filed Chapter 11 in the U.S. Bankruptcy Court in New Jersey. No schedules were listed. The case number is 01-57502.

MET Trucking Inc., McDonough, Ga., has now filed Chapter 7 in the U.S. Bankruptcy Court for the Northern District of Georgia. The firm listed assets and liabilities of $200,000 and $548,000 respectively. The case number is 01-68151.

Dollar City, Forest Park, Ga., has now filed Chapter 7 in the U.S. Bankruptcy Court for the Northern District of Georgia. No schedules were listed. The case number is 01-68362.

Carik Services Inc., Denver, Co., has now filed Chapter 11 in the U.S. Bankruptcy Court in Denver. The firm listed assets and liabilities of less than $10 million each. The case number is 01-19356.

July 20, 2001

Divine Associates Inc., Orlando, Fl., has now filed Chapter 7 in the U.S. Bankruptcy Court in Florida. The firm listed assets and liabilities of $1.1 million and $909,000 respectively. The case number is 01-06063.

Comdisco Inc. is negotiating to sell its leasing unit to General Electric Co. of Fairfield, Ct. The leasing unit's book value was recently estimated to be about $4.5 billion. As part of its bankruptcy restructuring Comdisco had earlier agreed to sell its technology-services division to Hewlett-Packard Co. of Palo Alto, Ca. for $610 million. Rosemont, Il.-based Comdisco recently filed Chapter 11 in U.S. Bankruptcy Court for the Northern District of Illinois listing assets and liabilities of $7.5 billion and $6.7 billion respectively.

A 7/22 deadline has been set for filing objections to the disclosure statement in the Drug Emporium Inc. Chapter 11 bankruptcy. In addition, a 7/25 hearing has been scheduled on the matter.

Larsen Ranch, Lancaster, Ca., has now filed Chapter 11 in the U.S. Bankruptcy Court in Los Angeles. The firm listed assets and liabilities of $1.9 million and $1.6 million respectively. The case number is SV01-15484-KL. For further information contact the debtor's attorney, Louis Esbin, at 661-257-3636.

An 8/22 hearing has been scheduled to consider confirmation of the reorganization plan in the Mediq Inc. Chapter 11 bankruptcy. For further information contact the U.S. Bankruptcy Court for the District of Delaware at 302-252-2900.

National Physicians Assistance Inc., Canoga Park, Ca., has now filed Chapter 7 in the U.S. Bankruptcy Court in Los Angeles. The company listed assets of only $5,000 and liabilities of $507,000. The case number is SV01-15527-RR. For further information contact the debtor's attorney, Marc Weinberg, at 818-610-7646.

Partners for Children & Families Inc., Altoona, Fl., has now filed Chapter 7 in the U.S. Bankruptcy Court in Florida. The firm listed assets and liabilities of $3.1 million and $2.2 million respectively.

Payless Cashways Inc., the Lee's Summit, Mo.-based seller of building materials which filed Chapter 11 last month, said it will shut down forty-two of its stores by mid-August.

A 7/23 creditors' meeting has been scheduled in the Reliance Group Holdings Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Steven Gross, at 212-909-6000.

S.G. Adams, an office-supply company in St. Louis, Mo. which recently filed Chapter 11, has now informed the U.S. Bankruptcy Court that it has assets and liabilities of nearly $6.5 million and $7.7 million respectively. The company explained that it filed for bankruptcy protection in order to avoid payment of nearly $500,000 that the family-owned company allegedly owes to one of the family members.

July 19, 2001

C&M Nursery, Pacifica, Ca., has now seen a $33,000 federal tax lien filed against it.

Lancebay LLC, Bay Harbor Island, Fl., has now filed Chapter 11 in the U.S. Bankruptcy Court in Florida. No schedules were listed. The case number is 01-15561. Listed at the same address and also filing for bankruptcy protection were Southport Regatta LC and Ocean View Southport Corp.

Watkins Construction Co., Germantown, Tn., has now filed Chapter 7 in the U.S. Bankruptcy Court in Memphis. No schedules were listed. The case number is 01-29762.

T.R. Trimm Inc., Trussville, Al., has now filed Chapter 7 in the U.S. Bankruptcy Court for the Northern District of Alabama. No schedules were listed. The case number is 01-14460.

Americare Retirement Facilities Ltd., Miami, Fl., has now seen a $52,000 federal tax lien filed against it.

Ocean Intermodal Inc., Miami, Fl., has now seen a $103,000 federal tax lien filed against it.

Miami Tropical Nursery Inc., Miami, Fl., has now seen a $205,000 federal tax lien filed against it.

PhotoWorks Inc., a Seattle, Wa. photo-development firm, now believes that it will eventually return to profitability, thanks to its ongoing restructuring. The firm has revised its marketing strategy to keeping its top customers rather than aggressively seeking out new ones. While the change in plans has resulted in a drop in sales for the first six months to $27.6 million from $40 million in the same period last year, the firm's chief executive, Howard Lee, explained that last year's revenue was inflated by sales to unprofitable customers, which it no longer seeks out. PhotoWorks, which lost $38 million last year, has lost almost $10 million in the first six months of this year.

An 8/9 auction has been scheduled regarding the sale of the assets in the Santee River Rubber Co. LLC Chapter 11 bankruptcy. For further information contact the trustee, G. William McCarthy, at 803-256-6400.

July 18, 2001

East Bay Stations, Brentwood, Ca., has now filed Chapter 7 in the U.S. Bankruptcy Court in Oakland. No schedules were listed. The case number is 01-43552.

Tom Nowatzke Transport Equipment Inc., a Whitmore Lake, Mi. trucking-equipment company, has now filed Chapter 11 in the U.S. Bankruptcy Court in Detroit. The firm listed assets and liabilities of $442,000 and $8.5 million respectively. The firm's owner, former Detroit Lions fullback Tom Nowatzke, filed a personal Chapter 11 filing earlier in the year.

Unexplored Travel Network in San Francisco, Ca., which is also known as Unexplored.com Inc., has now filed Chapter 7 in the U.S. Bankruptcy Court in San Francisco. No schedules were listed. The case number is 01-31700.

Starlink Communications, Brisbane, Ca., has now filed Chapter 7 in the U.S. Bankruptcy Court in San Francisco. No schedules were listed. The case number is 01-31713.

Allied Imaging Products Inc., Aurora, Ca., has now filed Chapter 7 in the U.S. Bankruptcy Court in Los Angeles. The company listed assets of only $3,000 and liabilities of $594,000. The case number is SV01-15588-GM. For further information contact the debtor's attorney, David Hagen, at 818-992-1940.

Synadyne III Inc., Delray Beach, Fl., has now filed Chapter 11 in the U.S. Bankruptcy Court in Los Angeles, Ca. No schedules were listed. The case number is LA01-28160-BB. A number of related companies also filed Chapter 11, including Outsource International Inc., Capital Staffing Fund Inc., Guardian Employer West LLC, Outsource Franchising Inc. and Outsource International of America Inc. For further information contact the debtor's attorney, Martin Barash, at 310-507-1000.

Internet Advisory Corp., a Fort Lauderdale, Fl. Web-services firm, has now filed Chapter 11 in the U.S. Bankruptcy Court in Florida. The company said that it will continue operating as it restructures its finances.

An 8/14 deadline has been set for filing proof of claims in the RSL Com Primecall Inc. Chapter 11 bankruptcy. For further information contact the U.S. Bankruptcy Court for the Southern District of New York at 212-668-2867.

Firehouse Stove & Spa, Colorado Springs, Co., has now filed Chapter 7 in the U.S. Bankruptcy Court in Denver. The firm listed assets and liabilities of $349,000 and $623,000 respectively. The case number is 01-18580.

Mrs. Z's Burger Barn Inc., Kremmling, Co., has now filed Chapter 11 in the U.S. Bankruptcy Court in Denver. The firm listed assets and liabilities of less than $1 million each.

Spa Palace Inc., Colorado Springs, Co., has now filed Chapter 11 in the U.S. Bankruptcy Court in Denver. The firm listed assets and liabilities of $2.5 million and $2.4 million respectively. The case number is 01-18687.

An 8/21 deadline has been set for filing proof of claims in the Store of Knowledge Inc. Chapter 11 bankruptcy. For further information contact the U.S. Bankruptcy Court in Los Angeles at 213-894-3118.

An 8/3 deadline has been set for filing proof of claims in the Consumers Packaing Inc. bankruptcy filing. For further information contact the court-appointed monitor of the applicants, KPMG Inc., at 416-777-3803.

July 17, 2001

Comdisco Inc., coming off a number of years of risky investments, has now filed Chapter 11. In conjunction with the filing, the Rosemont, Il. firm agreed to sell its technology-services division to Hewlett-Packard Co. of Palo Alto, Ca. for $610 million. The deal is subject to approval by the U.S. Bankruptcy Court, which means that other suitors may submit bids for the unit. Comdisco also said that its technology-leasing business would also be auctioned off in court. Comdisco's filing, in the U.S. Bankruptcy Court for the Northern District of Illinois, listed assets and liabilities of $7.5 billion and $6.7 billion respectively. The firm hopes to emerge from bankruptcy protection early next year, but it would be a small shell of its former high-flying self.

HomeLife Corp. of Hoffman Estates, Il., which recently shut down its operations, has now filed Chapter 11. The filing, made in the U.S. Bankruptcy Court in Wilmington, De., listed assets and liabilities of more than $100 million each.

Winstar Communications Inc. is now predicting, three months after filing for bankruptcy protection, that it has a good chance of surviving until it can find new investors to buy it. Having divested itself of some noncore assets and trimming its payroll by 40%, the firm says it is approaching a breakeven point on a cash-flow basis. Winstar, a Manhattan, N.Y. provider of fixed-wire telephone and data services, is working with a $225 million debtor-in-possession financing facility. The firm reportedly owes its creditors $1.3 billion.

Ardev Properties LLC, Plattsburgh, N.Y., has now filed Chapter 11 in the U.S. Bankruptcy Court in Albany. The firm listed assets and liabilities of $2.8 million and $2.3 million respectively. The case number is 01-14046.

Stario.com Inc., Santa Clara, Ca., has now filed Chapter 7 in the U.S. Bankruptcy Court in California. The firm listed assets and liabilities of $565,000 and $859,000 respectively. The case number is 01-53133.

7th Mountain Management Inc., Bend, Or., has now filed Chapter 11 in the U.S. Bankruptcy Court in Portland. The firm listed assets and liabilities of nearly $4.2 million and $4.1 million respectively. The case number is 301-36273.

Carol Foods Inc., Vancouver, Wa., has now filed Chapter 11 in the U.S. Bankruptcy Court in Portland, Or. The firm listed assets and liabilities of $500,000 and $700,000 respectively. The case number is 301-36322.

Overton County Motors Inc., Allons, Tn., has now filed Chapter 7 in the U.S. Bankruptcy Court in Nashville. The firm listed liabilities of between $500,000 and $1 million. No assets were listed. The case number is 01-06837.

Connolly Investments Inc., La Vergne, Tn., has now filed Chapter 11 in the U.S. Bankruptcy Court in Nashville. The firm listed assets of between $500,000 and $1 million and liabilities of between $1 million and $10 million. The case number is 01-06591.

Moore Recording Corp., Nashville, Tn., has now filed Chapter 11 in the U.S. Bankruptcy Court in Nashville. The firm listed assets and liabilities of between $1 million and $10 million. The case number is 01-06591.

Neuromedical and Chiropractic Inc., Tampa, Fl., has now filed Chapter 7 in the U.S. Bankruptcy Court in Tampa. No schedules were listed. The case number is 01-11683.

Debar Transport Inc., Lakeland, FL., has now filed Chapter 11 in Tampa. The firm listed assets and liabilities of $500,000 and $764,000 respectively. The case number is 01-11679.

Highlands Risk Management Ltd. in Denver, Co., which does business as Expressions Custom Furniture, has now filed Chapter 7 in the U.S. Bankruptcy Court in Denver. The firm listed liabilities of $2.8 million. No assets were listed. The case number is 01-17748.3

Cedar Mountain Land Co., Texas Creek, Co., has now filed Chapter 7 in the U.S. Bankruptcy Court in Denver. The firm listed assets of less than $500,000 and liabilities of less than $1 million. The case number is 01-18307.

A 7/24 hearing has been scheduled to consider confirmation of the reorganization plan in the American Homestar Inc. Chapter 11 bankruptcy. For further information contact the U.S. Bankruptcy Court in Texas at 713-250-5500.

July 16, 2001

As expected, Webvan Inc., which recently ceased operating, filed Chapter 11 in order to arrange an orderly liquidation of its assets. The filing was made in the U.S. Bankruptcy Court in Wilmington, De. Webvan, which burned up more than $800 million of investors' money, faced liabilities of $96.5 million.

Plainwell Inc. of Wilmington, De., which is operating under Chapter 11 bankruptcy protection, has reached an agreement to sell two tissue mills to Cascades Inc. of Kingsey Falls, Quebec for $64.2 million.

Integrated Health Services Inc., a Sparks, Md. chain of nursing homes, has received an extension until 9/28 to file its reorganization plan. The company, which filed Chapter 11 a year and a half ago, said it will need another year to successfully reorganize.

Dillan Isle Clothing Co., Boca Raton, Fl., has now filed Chapter 7 in the U.S. Bankruptcy Court in Florida. No schedules were listed. The case number is 01-33097. Listed at the same address and also filing for Chapter 7 bankruptcy protection were Blues Apparel of Boca Raton Inc./Oui...Flirt.

Quokka Sports Inc.'s creditors are expected to file a lawsuit to recover $12 million from the company's investors. The San Francisco, Ca. firm, which filed Chapter 11 in April in the U.S. Bankruptcy Court in San Francisco, saw its investors take $12 million in cash and another $12 million in stock last February in exchange for $25 million of Quokka's notes. However, according to bankruptcy law, payouts made less than 90 days before the bankruptcy filing must be returned.

Direct 2 U Network Inc., a Pipersville, Pa. maker of infomercials which is embroiled in charges of fraud, has now filed Chapter 7 and said it will liquidate. According to allegations, the company charged people for computer systems without delivering them. The firm listed assets of between $100,000 and $500,000 and liabilities of between $500,000 and $1 million.

Daystar Nurseries & Greenhouses Inc., Egg Harbor, N.J., has now filed Chapter 7 in the U.S. Bankruptcy Court in Camden. No schedules were listed. The case number is 01-16343.

Art Craft Dental Laboratories Inc., Northfield, N.J., has now filed Chapter 11 in the U.S. Bankruptcy Court in Camden. No schedules were listed. The case number is 01-16302.

M.D. 2 Patient Inc. in Franklin, Ga., which also does business as M.D. Pathways, has now filed Chapter 7 in the U.S. Bankruptcy Court for the Northern District of Georgia. The company listed assets of less than $23,000 and liabilities of $1.3 million. The case number is 01-67985.

Chance Industries Inc., a builder of roller coasters, hopes that its acquisition of D.H. Morgan Manufacturing Inc. of La Selva Beach, Ca. will strengthen its operations and help it through its Chapter 11 reorganization. Chance's plan is for the D.H. Morgan unit to subcontract its manufacturing work for rails, cars and braking systems to Chance. For a free copy of an article about Chance Industries' plans to boost its fortunes with the acquisition of D.H. Morgan call 800-407-9044.

Academic Finance Corp., Cumming, Ga., has now filed Chapter 7 in the U.S. Bankruptcy Court for the Northern District of Georgia. No schedules were listed. The case number is 01-68195. Listed at the same address and also filing for Chapter 7 bankruptcy protection were Asset Collection Services Inc., Direct Finance Corp., International Acceptance Corp., International Credit Corp., International Marketing Services Inc. and Kassianos Enterprises Inc.

Klenke Farms, Kinsley, Ks., has now filed Chapter 12 in the U.S. Bankruptcy Court in Wichita. The firm listed assets and liabilities of $501,000 and $ 707,000 respectively. The case number is 01-13051.

July 13, 2001

Char-Ell Corp. in Zephyrhills, Fl., which also does business as Pro-Golf Discount of Pasco County, has now filed Chapter 7 in the U.S. Bankruptcy Court in Tampa. The firm listed assets and liabilities of $137,000 and $528,000 respectively. The case number is 01-11138.

Gercor Management Co. Inc., Timonium, Md., has now filed Chapter 7 in the U.S. Bankruptcy Court in Baltimore. The firm listed assets of less than $50,000 and liabilities of between $1 million and $10 million.

Gold Harvest Market Inc., Shingle Springs, Ca., has now filed Chapter 11 in the U.S. Bankruptcy Court in California. The firm listed assets and liabilities of $359,000 and nearly $1.2 million respectively. The case number is 01-26876-B-11.

Hi-tech Automotive Inc., Brandon, Fl., has now filed Chapter 11 in the U.S. Bankruptcy Court in Tampa. No schedules were listed. The case number is 01-10950.

Jaynell's Home Health Care Services Inc., Clinton, La., has now filed Chapter 11 in the U.S. Bankruptcy Court for the Eastern District of Louisiana. No schedules were listed.

Open Medical Systems, Arlington, Tx., has now filed Chapter 7 in the U.S. Bankruptcy Court in Texas. The company listed assets of between $100,000 and $500,000 and liabilities of between $1 million and $10 million.
Pacific Trucking Inc., Oakland, Ca., has now filed Chapter 7 in the U.S. Bankruptcy Court in Oakland. No schedules were listed. The case number is 01-43447.

Sira Technology Solutions Inc., Newark, Ca., has now filed Chapter 7 in the U.S. Bankruptcy Court in Oakland. No schedules were listed. The case number is 01-43392.

Trevor Transport, Trevor, Wi., has now filed Chapter 7 in the U.S. Bankruptcy Court in Milwaukee. The company listed assets of only $46,000 and liabilities of $979,000. The case number is 01-27262.
An 8/8 deadline has been set for filing bids for the assets in the Select Nutrition Distributors Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Weinberg, Kaley, Gross & Pergament LLP, at 516-877-2424.

An 8/31 deadline has been set for filing proof of claims in the PT-1 Communications Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Bruce Frankel, at 212-752-8000.

July 12, 2001

HomeLife Furniture Corp., a Hoffman Estates, Il.-based chain of 133 furniture stores, closed its doors and is thought to be about to file for bankruptcy protection. The retailer, once a unit of Sears, Roebuck and Co. (Sears still holds a 19% stake in the company), has been facing cash-flow problems, but did raise $65 million in emergency financing in May and had spent heavily on July advertising. With $680 million in sales last year, HomeLife is the eighth-largest furniture retailer but ran into ongoing distribution and customer-service problems since it was bought by Citigroup Venture Capital three years ago.

Polaroid Corp. got a reprieve from its bankers, which have granted the Cambridge, Ma. camera company an extension on its loan-covenant waivers until 10/12. The agreement gives Polaroid much-needed time to renegotiate its loans. In addition, Polaroid has put itself on the selling block and retained Dresdner Kleinwort Wasserstein and Merrill Lynch & Co. to assist it in finding buyers for all or part of the company. Some analysts had thought that without the waiver Polaroid would be forced to file for bankruptcy protection in order to restructure its finances. The company currently has more than $1 billion in revolving credit, bonds and other obligations. Polaroid, which has been facing weak sales and ongoing losses, has been paring its businesses and reducing its payroll, recently announcing 5,500 job cuts.

CAL Industries Inc., Elkridge, Md., has now filed Chapter 7 in the U.S. Bankruptcy Court in Baltimore. The company listed assets of only $70,000 and liabilities of nearly $1.1 million respectively.

Information Alliance Corp., City of Littlerock, Ca., has now filed Chapter 7 in the U.S. Bankruptcy Court in California. No schedules were listed. The case number is SV01-15054-GM. For further information contact the debtor's attorney, Randolph Neel, at 818-901-1403.

American Horse Center of Crownsville, Md., which does business as Harbor Shuttle Co., has now filed Chapter 7 in the U.S. Bankruptcy Court in Baltimore. The firm listed no assets and liabilities of $4 million. Listed at the same address and also filing for bankruptcy protection was Silver Clipper Inc., which listed assets of only $4,600 and liabilities of more than $4 million.

Caliber Learning Network Inc., Baltimore, Md., has now filed Chapter 11 in the U.S. Bankruptcy Court in Baltimore. The company listed assets and liabilities of between $10 million and $50 million each.

Praxon Inc./Focal Systems Inc., Campbell, Ca., has now filed Chapter 7 in the U.S. Bankruptcy Court in California. The firm listed assets and liabilities of $4.7 million and $6.9 million respectively. The case number is 01-52982.

Regency Communications Co., Bedford, Tx., has now filed Chapter 7 in the U.S. Bankruptcy Court in Texas. The company listed assets of less than $50,000 and liabilities of between $1 million and $10 million.

July 11, 2001

Polaroid Corp., the Cambridge, Ma. camera company, is reportedly considering a prepackaged bankruptcy filing among its options as it continues its efforts to restructure its debtload. While Polaroid's banks may extend waivers on the firm's current loan covenant, they are likely to require that Polaroid come up with a long-term solution for restructuring its debt. The company currently has more than $1 billion in revolving credit, bonds and other obligations. Polaroid, which has been facing weak sales and ongoing losses, has been paring its businesses and reducing its payroll, recently announced 5,500 job cuts.

Spartan Tube Inc., Livonia, Mi., has now seen an involuntary Chapter 7 petition filed against it in the U.S. Bankruptcy Court in Detroit. No schedules were listed.

Concrete Works, Scotts Hill, Tn., has now filed Chapter 7 in the U.S. Bankruptcy Court in Memphis. No schedules were listed. The case number is 01-25883.

Snyder Home Builders LLC, Colliersville, Tn., has now filed Chapter 11 in the U.S. Bankruptcy Court in Memphis. No schedules were listed. The case number is 01-25643.

Fitness Solutions Inc., Columbus, Ms., has now filed Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Mississippi. No schedules were listed. The case number is 01-12614.

Talon Automotive Group Inc., a Troy, Mi. automotive supplier which recently filed Chapter 11 in the U.S. Bankruptcy Court in Detroit, has also initiated bankruptcy proceeding for its operations in Canada. The privately-held company, which listed assets and liabilities of $222 million and $280 million respectively, filed in order facilitate the conversion of $20 million in bond debt into equity. Talon, which is struggling to turn itself around, has so far this year laid off 170 employees and closed a warehouse and two plants in an attempt to achieve $12 million in annual savings. Last year Talon lost $34 million on revenue of $290 million.

Warnaco Group Inc., the Manhattan, N.Y. apparel company, has received approval from the U.S. Bankruptcy Court to use the last $225 million of its $600 million financing package.

Safety-Kleen Corp., a Columbia, S.C. waste-management company, has restated earnings for its fiscal years 1997-1999. The revised figures now include a loss in 2000 of $833 million. Overall, the restated results erase $534 million in reported earnings over that time period. Safety-Kleen, which filed Chapter 11 more than a year ago, is undergoing an investigation into its accounting methods.

A 7/27 deadline has been set for filing proof of claims in the American Homestar Corp. Chapter 11 bankruptcy. For further information contact the U.S. Bankruptcy Court for the Southern District of Texas at 713-250-5500.

July 10, 2001

Zany Brainy Inc., the bankrupt King of Prussia, Pa. retailer of educational games, has reportedly entered into an agreement to be purchased by Waterton Management LLC, an investment company in Los Angeles, Ca., in a transaction valued at $115 million. The transaction, which would transfer Zany Brainy's assets into a closely held company, would provide the retailer's creditors with about 60 cents on the dollar.

Jersey Integrated Health Practice Inc. of Jersey City, N.J. has filed Chapter 11. No schedules were listed. The case number is 01-36612.

M.S.R. Investments LLC a/k/a Serenity Spa'lon of Cincinnati, Oh. has filed Chapter 7 listing liabilities of $967,000. No assets were listed. The case number is 01-14031.

Progressive Healthcare Of Hudson County LP of Jersey City, N.J. has filed Chapter 11. No schedules were listed. The case number is 01-36753.

Jersey Integrated Health Practice Inc. of Jersey City, N.J. has filed Chapter 11. No schedules were listed. The case number is 01-36612.

Dellwood Mortgage Co. of Carnegie, Pa. has now filed Chapter 11 listing assets and liabilities of $11 million and $12 million respectively. The case number is 01-26291.

Webvan Group Inc., the Foster City, Ca. online grocery retailer, shut down its delivery operations and will file Chapter 11. Almost all of the firm's 2,000 employees were laid off as the company ceased operating after using up $1.2 billion of investors' money without ever making a profit since it started up two years ago. Once capitalized at nearly $10 billion, Webvan's stock last traded at about 6 cents per share. While the firm had reportedly been making some progress in reducing costs and operating losses, it decided to quit while it still had about $85 million for repaying creditors.

A 7/27 hearing has been scheduled to consider a motion to sell nearly all the assets in the Golden Books Family Entertainment Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Robert Brady, at 302-571-6600.

Airline Supply Corp. in St. Petersburg, Fl., which is also known as Crew Gear, has now filed Chapter 7 in the U.S. Bankruptcy Court in Florida. The firm listed assets and liabilities of $264,000 and $629,000 respectively. The case number is 01-10652.

E&K Enterprises of St. Petersburg Inc. in Largo, Fl. has now filed Chapter 11 in the U.S. Bankruptcy Court in Florida. No schedules were listed. The case number is 01-10448.

Hooters of Augusta Inc., Augusta, Ga., has now filed Chapter 11 in the U.S. Bankruptcy Court for the Northern District of Georgia. The firm listed assets and liabilities of about $1 million and $26 million respectively. The firm was recently hit with an $11.9 million fine for allegedly sending unsolicited ads via fax.

Intuitive Technology Consultants Inc. and I.T.C. Acquisition Group Sub LLC, both listed at the same address in Norcross, Ga., have now filed Chapter 7 in the U.S. Bankruptcy Court for the Northern District of Georgia. No schedules were listed. The case numbers are 01-67693 and 67694 respectively.

July 9, 2001

Commodore Holdings Ltd., a Hollywood, Fl.-based operator of cruise ships, ceased operations and filed for bankruptcy protection along with several affiliated companies and said it would liquidate. The filing, made in the U.S. Bankruptcy Court in Fort Lauderdale, estimated the company's assets at about $175 million.

LTV Corp. has reached a tentative agreement on a labor contract with the United Steelworkers of America. LTV, which filed for Chapter 11 bankruptcy protection last December, is trying to cut its annual budget by $800 million in order to save costs. The Cleveland, Oh.-based steelmaker, which had warned it would have to liquidate unless it got significant concessions on wages and benefits from its steelworkers, reported losses last year of $719 million on sales of $4.9 billion. On a negative note, General Motors Corp., which accounts for about 9% of LTV's sales, said it would drop LTV as a supplier by the end of the year. GM's decision throws a wrench into LTV's hopes to eventually emerge from bankruptcy protection.

Cooker Restaurant Corp., a West Palm Beach, Fl. firm that recently filed Chapter 11, got a small reprieve for its turnaround efforts after receiving a $1 million loan from one of its shareholders. Cooker's management concedes, nonetheless, that a lot of work remains for the firm to restructure. The company, which made its filing in the U.S. Bankruptcy Court for the Southern District of Ohio, must cut its debt of about $115 million, as listed in its filing, compared with assets of between $10 million and $50 million. Cooker, which lost $29 million last year, has already closed twelve restaurants and is looking to sell twenty others.

T&T Electric Co. Inc., Birmingham, Al., has now filed Chapter 7 in the U.S. Bankruptcy Court for the Northern District of Alabama. No schedules were listed. The case number is 01-04036.

California Pacific Rice Milling Ltd.'s decision to sell its assets will keep the company afloat, although creditors are unlikely to receive full payment for what they are owed. Most of the proceeds raised from assets sales, estimated at $11.5 million, will go to Bank of California.

Excellent Home Health Care Services, New Orleans, La., has now filed Chapter 11 in the U.S. Bankruptcy Court for the Eastern District of Louisiana.

Sys Labs LLC, Walnut Creek, Ca., has now filed Chapter 7 in the U.S. Bankruptcy Court in Oakland. No schedules were listed. The case number is 01-43222.

JWP Designs Inc., Discovery Bay, Ca., has now filed Chapter 7 in the U.S. Bankruptcy Court in Oakland. No schedules were listed. The case number is 01-43237.

Sevis Systems Inc., a San Antonio, Tx. software company, is still hoping that a white knight will come along with an investment to save it. Last month, the two-year-old firm filed Chapter 11 in the U.S. Bankruptcy Court in San Antonio, although the company had officially ceased operations in March. At the time of the filing, Sevis had assets and liabilities of $252,000 and $7.1 million respectively.

July 6, 2001

Archibald Candy Corp., Chicago, Il., has reportedly negotiated a new $30 million credit facility with CIT Group/Business Credit Inc. The new plan, which replaces a $20 million facility, will help the company reorganize its finances and continue operating.

Davidson Electrical Technology Inc., Forestville, Md., has now filed Chapter 7 in the U.S. Bankruptcy Court in Rockville. No schedules were listed. The case number is 01-17480.

Digital Workflow Solutions LLC, Gaithersburg, Md., has now filed Chapter 11 in the U.S. Bankruptcy Court in Rockville. No schedules were listed. The case number is 01-17242.

Ferro Cast Co., a Thousand Oaks, Ca. casting foundry, has now filed Chapter 7 in the U.S. Bankruptcy Court in Los Angeles. The firm listed assets and liabilities of $3.1 million. No assets were listed in the filing. The case number is SV01-15275-GM. For further information contact the debtor's attorney, Daniel Higson, at 805-642-6405.

Harry Group Inc. in Carson, Ca., which does business as JMKC Express 2, has now filed Chapter 7 in the U.S. Bankruptcy Court in Los Angeles listing liabilities of $2.5 million. No assets were listed. The case number is LA01-27021-VZ. For further information contact the debtor's attorney, Robert Scott, at 562-628-9488.

Justice Telecom Corp., a Culver City, Ca. telecommunications company, has now filed Chapter 11 in the U.S. Bankruptcy Court in Los Angeles. The firm listed assets and liabilities of $5.7 million and $31 million respectively. The case number is LA01-27068-BV. For further information contact the debtor's attorney, Barry Glaser, at 310-481-5200.

An 8/20 hearing has been scheduled regarding the sale of certain assets in the PSINet Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Andrew Goldman, at 212-230-8800.

S.F.J. Inc., Memphis, Tn., has now filed Chapter 7 in the U.S. Bankruptcy Court in Memphis. No schedules were listed. The case number is 01-28804.

A 7/17 deadline has set for filing objections to the auction sale in the Spaceworks Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Patrick Potter, at 202-663-8000.

Stuart Holley Trucking Co., Rienzi, Ms., has now filed Chapter 7 in the U.S. Bankruptcy Court for the Eastern District of Mississippi. No schedules were listed. The case number is 01-13508.

An 8/7 hearing has been scheduled to consider the auction of certain assets in the Viatel Inc. Chapter 11 bankruptcy. For further information contact the U.S. Bankruptcy Court for the District of Delaware at 302-252-2900.

July 5, 2001

AMF Bowling Worldwide Inc., an operator of more than 500 bowling centers, has now filed Chapter 11 as part of an attempt to restructure its operations and pay down its debt. In conjunction with the filing, AMF, which has lost more than $225 million over the past two years, agreed on a $75 million financing package with its lenders. The Mechanicsburg, Va.-based firm, which also supplies bowling equipment, said it will continue operating as it restructures. As of the end of March, AMF listed assets and liabilities of $1.7 billion and $1.3 billion respectively. The filing does not include its parent company, AMF Bowling Inc.

Lionbridge Technologies Inc., a Waltham, Ma. provider of multilingual Internet services, has reportedly reached an agreement to acquire the Mendez unit of Lernout & Hauspie Products NV, the financially troubled Belgian-based software company. Lionbridge will pay $27 million in cash and assume an additional $6 million of Lernout's debtload. The move is part of Lernout's restructuring under bankruptcy protection. The Mendez unit that Lionbridge is purchasing has annual revenue of about $80 million.

Avenex Corp., a Fremont, Ca. maker of fiberoptic communications components, is reducing its payroll by 300 employees (40% of its workforce). The company, which is falling short of its financial targets for the fourth quarter, will take restructuring charges of up to $28 million for the fourth quarter related to the cutbacks.

Saflink Corp., a Redmond, Wa. security-software company, announced plans to slash its payroll by 42% in an effort to conserve cash. Saflink, which recently secured $8 million to continue operating, said it will take unspecfied charges in its second quarter related to the layoffs.

Rent-Way Inc., in a recent filing with the Securities and Exchange Commission, received a critical evaluation from PricewaterhouseCoopers. The big accounting firm reported that the Erie, Pa. rent-to-own firm's debt-covenant violations indicate "substantial" doubt about the company's ability to continue as a going concern. Rent-Way, which has been under investigation since last fall regarding a reported $129 million in accounting improprieties, has been in violation of certain covenants of its $435 million credit facility.
Ellis Hospital in Schenectady, N.Y. has announced a restructuring plan aimed at getting the company back on its feet. Ellis, which has lost $18 million over the past five years, said that it will cut thirty-five positions from its staff and restructure its management in an attempt to break even by next year. Last year the hospital's operating expenses reached nearly $133 million, which resulted in a $14.4 million operating loss in 2000. Part of Ellis's financial probelsm stem from cutacks in Medicaid reimbursements.

July 3, 2001

Wilmont Family Farms Inc. of Buskirk, N.Y. filed Chapter 12. No schedules were listed. The case number is 01-13634.

Interface Materials Inc. of Fenton, Mo. has filed Chapter 11. No schedules were listed. The case number is 01-46387.

Amresco Inc., a Dallas, Tx. financial-services firm, has now filed Chapter 11 in response to debt problems and anticipated losses. In conjunction with the filing, Amresco will sell nearly all of its assets to NCS I LLC for $151 million and a $25 million note. Also, NCS has committed itself to refinancing or repaying $133 million of Amresco's debt.

Foster & Gallagher Inc., a Grand Rapids, Mi. catalog and Internet retailer, filed Chapter 11. Included in the filig were twenty-one of Foster & Gallagher's subsidiaries. The privately-held company added that it will lay off a significant portion of its workforce.

Metricom Inc., a San Jose, Ca. high-speed Internet-access firm, has now filed for bankruptcy protection. The firm said it would continue providing service for its 40,000 subscribers, but it isn't certain what the longer-term prospects are for the company.

Bluff City Furniture Inc. in Alton, Il. has now seen a $7,300 state of Missouri tax lien filed against it.

Japan Motors Corp. in Miami, Fl. has now seen a $295,600 judgement issued against it in Broward County, Fl. In favor of Sadisco of Florida.

Fuel Outlet, a chain of unmanned gas outlets in Wichita, Ks. and Kansas City, Mo., has now reached an out-of-court settlement to pay Gary-Williams Energy Corp. of Denver $171,500 for unpaid gasoline billings.

A 9/4 deadline has been set for filing proof of claims in the Cybercash Inc. Chapter 11 bankruptcy. For further information contact the U.S. Bankruptcy Court for the District of Delaware at 302-252-2900.

Sun Healthcare Group Inc., a bankrupt Albuquerque, N.M. healthcare-services provider, announced a plan to put certain of its Neuroflex assets on the selling block.

An 8/1 hearing has been scheduled to consider confirmation of the reorganization plan in the Finova Group Inc. Chapter 11 bankruptcy. For further information contact the U.S. Bankruptcy Court for the District of Delaware at 302-252-2900.

July 7, 2001

Connectone Telecom Corp., Delray Beach, Fl., has now filed Chapter 7 in the U.S. Bankruptcy Court in Florida. No schedules were listed. The case number is 01-32393.

A 8/14 hearing has been scheduled to consider confirmation of the reorganization plan in the SGCA Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Jay Goffman, at 212-735-3000.

A 8/3 deadline has been set for filing proof of claims in the Physician Health Corp. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Jeff Marwil, at 312-902-5200.

Chaviano Camejo Medical Equipment Corp., Miami, Fl., has now filed Chapter 7 in the U.S. Bankruptcy Court in Florida. No schedules were listed. The case number is 01-16117.

A 7/9 hearing has been scheduled to consider the sale of certain assets in the Florafax Financial Services Corp. Chapter 11 bankruptcy. For further information contact the attorney for the creditors' committee, Howard Berlin, at 305-379-5000.

A 7/10 hearing has been scheduled to consider a compromise on certain litigation in the Anicom Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Ronald Peterson, at 312-222-9350.

Merlot Enterprises inc., Canton Township, Mi., has now filed Chapter 11 in the U.S. Bankruptcy Court in Detroit. The company listed assets of only $75,000 and liabilities of $836,000.

HEM Data Corp., Southfield, Mi., has now filed Chapter 7 in the U.S. Bankruptcy Court in Detroit. No schedules were listed.