August 7, 2000

1 Potato 2 Inc A $143,333 judgment has been issued against 1 Potato 2 Inc. in Anoka County, Mn. in favor of Concordia Properties.

Cagle's Inc., an Atlanta, Ga. grower and seller of poultry products, reported a first quarter net loss of $189,000. Its sales for the period declined 20%--to $69.2 million.

Certified Technologies Corp., Minneapolis, Mn., has now filed Chapter 11 in the U.S. Bankruptcy Court in St. Paul. No schedules were listed in the filing.  The case number is 00-32945. The company also does business as Certech/Purecycle Filter Systems.

Charles Glen Construction & Development Inc., Folsom, Ca., has now filed Chapter 7 listing assets and liabilities of $442,000 and nearly $1.5 million respectively.

Clearly Canadian Beverage Corp., a Vancouver, British Columbia producer of beverages, reported a second quarter net loss of $960,000. Its revenue for the period declined 15%--to $9.4 million.

Crown Vantage Inc./Crown Paper Co. A 9/7 deadline has been set for filing proof of claims in the Crown Vantage Inc./Crown Paper Co. Chapter 11 bankruptcy.  For further information contact the debtor's attorney, Douglas Bartner, at 212-848-8000.

Electro-Plating Engineering Co. Inc., St. Paul, Mn., has now filed Chapter 11 in the U.S. Bankruptcy Court in Minneapolis. No schedules were listed in the filing.  The case number is 00-43155.

Hidden Lake Limited Partnership An 8/14 deadline has been set for bidding on certain real property in the Hidden Lake Limited Partnership Chapter 11 bankruptcy. For further information contact the debtor's attorney, Richard Casher, at 860-240-2721.

Mariner Post-Acute Network Inc.A 9/29 deadline has been set for filing proof of claims in the Mariner Post-Acute Network Inc. Chapter 11 bankruptcy.  For further information contact the U.S. Bankruptcy Court for the District of Delaware at 302-573-6174.

Standard Fiber Technologies Inc. in Pelham, Al. has seen a $12,000 judgment issued against it in favor of Dobbs Temporary Services Inc. in Shelby County, Al.  Separately, Standard Fiber has also seen a $49,000 federal tax lien filed against it.

Steakhouse Partners Inc., a San Diego, Ca. owner and operator of full-service steak restaurants, reported a second quarter net loss of $489,000. Its revenue for the period declined 20%--to $30.5 million.

August 8, 2000

Aureal Inc. An 8/15 hearing has been scheduled regarding the sale of certain assets in the

Aureal Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Bruce Bennett, at 213-694-1200.

Big Party Corp IParty Corp., a New York-based company that sells party products over the Internet, announced plans to acquire thirty-three retail locations in Florida and New England from bankrupt Big Party Corp. for an undisclosed amount.

Celentano Bros. Inc. An 8/15 deadline has been set for filing proof of claims in the Celentano Bros. Inc. Chapter 11 bankruptcy.  For further information contact the debtor's attorney, Gary Marks, at 973-226-1500.

Cone Constructors Inc., Tampa, Fl., has now filed Chapter 11. No schedules were listed in the filing, although it is known that the company owes the Internal Revenue Service more than $2.3 million.  

D&G Trucking Corp., Tampa, Fl., filed Chapter 7 listing liabilities of $803,000.

Fountain View Inc., a Burbank, Ca. company that owns the Carehouse Care Center in Santa Ana, is hoping that a federal judge will reinstate funding for Carehouse under Medi-Cal and Medicare. Carehouse had its funding cut off when it failed inspections by authorities. Fountain View has already taken a $1.7 million charge related to the funding loss.

GST Telecommunications Inc.'s chief executive officer, Tom Malone, is cautiously optimistic about the future of GST, the Bellevue, Wa. firm which filed Chapter 11 in May. While Mr. Malone is keeping open the possibility that GST will emerge from bankruptcy protection as a debt-free independent company, he admits that a more likely scenario is for GST to be acquired by a national telecommunications firm. In the meantime, GST claims that its operations have been stabilized and has been able to maintain nearly normal service despite the filing. For a free copy of an article about GST Telecommunications call 800-407-9044.

Holman Technologies Inc., a Torrance, Ca. aerospace firm, has now filed Chapter 7 in the U.S. Bankruptcy Court in Los Angeles under case number LA00-27521-AA. The firm listed assets and liabilities of $308,000 and $630,000 respectively. The company formerly did business as M2 Technologies and H-Tec.For further information contact the debtor's attorney, William Schuchman, at 310-378-4292.

Internet Communication Group Inc., Turnersville, Pa., has now filed Chapter 11 in the U.S. Bankruptcy Court in Camden, N.J. No schedules were listed in the filing.  The case number is 00-15549.

March Productions Inc., Santa Monica, Ca., filed Chapter 7 in the U.S. Bankruptcy Court in Los Angeles under case number LA00-26971-VZ. In related filings, DEN Administrative Services, DEN Marketing Services Inc. and DEC Services Inc., all listed at the same address as March Productions, also filed Chapter 7. No schedules were listed in any of the filings. For further information contact the debtor's attorney, Ron Leibow, at 310-788-1000.  

Massapequa General Hospital in Massapequa, N.Y. said it would shut down for good in September after a deal to be acquired collapsed. The joint venture that was negotiating to buy the Long Island hospital, which included Winthrop South Nassau University Health System and Catholic Health Services of Long Island, called off the transaction when it realized the severity of Massapequa's financial problems.

OrcoNET.com, Orange, Ca., has now filed Chapter 11.

Premier Laser Systems Inc., an Irvine, Ca. which is reorganizing under bankruptcy protection, has sold its majority interest in Ophthalmic Imaging Systems of Sacramento to MediVision Medical Imaging Ltd. of Israel for $3.2 million.

Southern Hospitality Sales & Repair Inc. of Tampa, Fl., which is also known as T.J. Event & Party Rental, has now filed Chapter 11. Also listed at the same address and filing Chapter 11 was T.J. Posey Inc., which is also known as Eastern Chemical Products. No schedules were listed in either filing.

August 9, 2000

American Pad & Paper Co. An 8/25 hearing has been scheduled to consider the sale of certain assets in the American Pad & Paper Co. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Mark Collins, at 302-658-6541.

Carmike Cinemas Inc., the third-biggest operator of movie theaters in the U.S., filed Chapter 11 in the U.S. Bankruptcy Court in Delaware. Carmike, which operates more than 2,800 movie screens, has sagged under an aggressive expansion plan in recent years as it undertook construction of megaplex theaters. Still, analysts were not clear about Carmike's strategy to file for bankruptcy petition. While the Columbus, Ga.-based company did miss a $9 milion payment to its bondholders, it reportedly did have the cash to make the payment. Further, in its filing, Carmike listed assets of $841 million, significantly more than its $653 million in liabilities.

Coram Healthcare Corp. of Denver, Co. and its parent company, Coram Inc., filed Chapter 11 in the U.S. Bankruptcy Court in Delaware in order to be able to continue operations as debt is restructured. As of March, Coram Healthcare had assets and liabilities of $319 million and $417 million respectively.

Deeloy Holdings LLC, College Park, Md., has now filed Chapter 11 in the U.S. Bankruptcy Court in Greenbelt, Md.  The company listed assets and liabilities of between $500,000 and $1 million each. The case number is 00-17696.

Empower Trainers & Consultants Inc., an Overland Park, Ks. firm which recently filed Chapter 11 in the U.S. Bankruptcy Court in Topeka, is now believed to have debts of between $1 million and $10 million against assets of less than $50,000. The firm filed Chapter 11 after it was ordered to pay nearly $30,000 for back rent and other expenses.

Food Warehousing Corp., Bridgewater Township, N.J., filed Chapter 11 in the U.S. Bankruptcy Court in New Jersey. The case number is 00-57075.

Maryland Health Network, a Columbia, Md.-based healthcare alliance that includes a number of hospitals in the Baltimore and Washington, D.C. area, will reportedly go out of business as a result of being unable to attract a sufficient number of patients. The alliance will not file bankruptcy but will instead dissolve its operations by the end of the month. The individual hospitals will continue operating.

New York New York Transportation Inc., Jersey City, N.J., filed Chapter 7 in the U.S. Bankruptcy Court in New Jersey. The case number is 00-36803.

Peapod Inc., the Skokie, Il. grocery-services firm, reported a second quarter net loss of $10.4 million. Its revenue for the period increased by one-third--to $22.7 million. The results included nonrecurring charges of $1.5 million.

Pixelon Corp. of San Juan Capistrano, Ca. has received approval from the U.S. Bankruptcy Court to sell its shares to Balthaser Online Inc. of San Francisco. In exchange, Balthaser will pay $175,000 in cash and waive $300,000 in claims that it holds against Pixelon.

Premier Laser Systems Inc., an Irvine, Ca. which is reorganizing under bankruptcy protection, has sold its majority interest in Ophthalmic Imaging Systems of Sacramento to MediVision Medical Imaging Ltd. of Israel for $3.2 million.

Wasatch Petroleum LLC, Salt Lake City, Ut., filed Chapter 7 in order to liquidate its assets. The company, which filed in the U.S. Bankruptcy Court for the District of Utah, listed assets and liabilities of $1.2 million and $5.7 million respectively. The company also did business as Olden Enterprises and Petro Tech.

August 10, 2000

Bradford Trucking Inc., Fairfield, Oh., has now filed Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Ohio. The case number is 00-13791. The firm listed assets and liabilities of about $1.5 million each.

Cosey Inc./Culver Palms Medical Group, Culver, City, Ca., has now filed Chapter 7 listing liabilities of more than $1.1 million.  For further information contact the debtor's attorney, Jenn Bregman, at 310-312-8085.

Eagle Food Centers Inc., a Milan, Il. operator of sixty-four Eagle Country and Bogo's Food & Deals supermarkets, has completed its reorganization plan and emerged from Chapter 11 bankruptcy protection. Trading of its stock is expected to resume soon on the Nasdaq Stock Market.

F&H Concessions, Orchard Park, N.Y., has now filed Chapter 7 listing assets of only $51,000 and liabilities of nearly $717,000.

Feret Progressive Metals Inc. of Hurst, Tx., which recently filed Chapter 7, has now estimated that both its assets and liabilities are between $500,000 and $1 million.

Larson Long Term Care Group LLC, Bothell, Wa., has now filed Chapter 11 in the U.S. Bankruptcy Court for the Western District of Washington. The case number is 00-06870.

PlanetRx, the San Francisco, Ca.-based online drugstore, is safe for now following a $50 million infusion of equity financing from Alpha Venture Capital Inc.  The money, to be used for working capital and general corporate purposes, is on top of a $50 million pile of cash that PlanetRx ended its last quarter with. Analysts, however, are still less than optimistic about the longer-term prospects of the firm, believing that while the recent infusion may buy the company some time amid a shakeout in the dotcom industry, it isn't enough for the firm to achieve profitability within three years. For a free copy of an article about PlanetRx call 800-407-9044.

Visiting Nurse Association of Allegheny County, the Pittsburgh, Pa. firm which recently filed Chapter 7, has now listed assets and liabilities of $114,000 and nearly $1.1 million respectively.

Winter Sports LLC, Salt Lake City, Ut., has now filed Chapter 7 in the U.S. Bankruptcy Court for the District of Utah. The company listed assets of only $26,000 and liabilities of $782,000. 

August 11, 2000

1/2 Off Card Shop Inc., a card and stationery retailer in Michigan, hired Keen Realty LLC to conduct a bankruptcy auction on the leaseholds of its thirty-eight retail stores and corporate headquarters. The auction is now scheduled for 8/23.

Dimac Corp., a Bridgeton, Mo.-based designer of marketing programs, will reduce the payroll at its St. Louis direct-marketing unit by 370 employees and consolidate operations at its facility in Central Islip, N.Y., where it will add 145 workers. The Central Islip site is more strategically located near Dimac's large customers. Dimac has been operating under Chapter 11 bankruptcy protection since April.

K-Tel International Inc., a Plymouth, Mn. company that produces and markets music CDs, was warned by the Nasdaq Stock Market that it has fallen out of compliance for being listed on Nasdaq's National Market and would be delisted.

Levitz Furniture Inc., a Boca Raton, Fl.-based operator of sixty-four furniture stores, announced it will go ahead with plans to merge under a single holding company with

Seaman Furniture Co. Inc. of Westbury, N.Y.  The move is aimed at helping Levitz emerge from Chapter 11 bankruptcy protection. Levitz also said it would close four stores in Boston, Ma. and one each in Reading, Pa. and Bakersfield, Ca.

Loehmann's Inc.  A 9/6 hearing has now been scheduled to consider confirmation of the reorganization plan in the Loehmann's Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, James Patton, at 302-571-6600.

Paging Network Inc. A 9/7 hearing has been scheduled to consider the disclosure statement in the Paging Network Inc. Chapter 11 bankruptcy. For further information contact the debtor's attorney, James Patton, at 302-571-6600.

Smith Corona Corp. An 8/30 hearing has been scheduled to consider an interim order on the sale or transfer of certain claims in the Smith Corona Corp. Chapter 11 bankruptcy. For further information contact the debtor's attorney, Robert Brady, at 302-571-6600.

Spencer Technical Institute, a Schenectady, N.Y. postsecondary educational institution, is closing its doors after more than a century in operation. The firm has faced a host of financial problems, including high fees and declining enrollment.

Super Pride Markets, a financially troubled Baltimore, Md. supermarket chain which recently announced it would close three of its stores, received approval for a $15,000 grant from the Maryland Department of Business and Economic Development which it will use to retain the services of KMR Management Inc., a Philadelphia, Pa. consultant, to help with its turnaround efforts.

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