-Caveat Lector- ------- Forwarded Message Follows ------- From: "Linda Muller" <[EMAIL PROTECTED]> To: [EMAIL PROTECTED] Date sent: Tue, 23 Nov 1999 15:46:16 -0500 Subject: [BRIGADE] Business Bankruptcy - Weekly Reports Send reply to: [EMAIL PROTECTED] Dear Brigade, Please see below -- excellent source for info on US business filing for bankruptcy each week. Thanks Carol for sending it to us!! For the Cause - Linda ----------------------------------------------- From: "Brainella" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Subject: Fw: U.S. Corporate Bankruptcy List.... Date sent: Tue, 23 Nov 1999 15:20:09 -0500 I subscribe to a list of American/U.S. Bankrupted companies because I believe that this is one aspect of the economy that reflects on American based businesses that is never discussed or brought to light in the news media. The wounded companies, when not dissolved, remain in a smaller down-sized condition thus affecting the employment for U.S. citizens. Just thought I would share this because PJB does care about American businesses and their stability. Their link is http://www.abccompanies.com/resource/bankrupt.html Carol --------------------------------------- Date: Tuesday, November 23, 1999 12:06 AM Subject: U.S. Corporate Bankruptcy List U.S. CORPORATE BANKRUPTCY LIST for the period November 15-19, 1999 Prepared by The ABC Companies, Inc. 1100 Main Street Buffalo, New York 14209-2356 USA Phone: 716-885-4444 Fax: 716-878-2800 All information provided in this report has been obtained from sources believed to be reliable. However, neither ABC Companies Inc. nor its subsidiaries, the American Bureau of Collections, Inc. or the Advanced Business and Credit Information, Inc., nor any of their officers or employees can verify the accuracy of the information. As such, the information is not guaranteed and should not be relied upon without independent verification from competent professionals. RECENT BANKRUPTCIES/CLOSINGS PLEASE NOTE THAT THERE WILL BE NO BANKRUPTCY REPORT FOR THE WEEK NOV. 22-26 DUE TO THE THANKSGIVING HOLIDAY. THE NEXT REPORT WILL BE DELIVERED ON DEC. 3 AND WILL INCLUDE INFO FROM THE PRIOR TWO WEEKS. Chapter 7s Abatement Environmental Resources Inc., Springdale, MD - case # 99- 22370 Artjay Industries Inc., Troy, MI Big Apple Corp., Glendale, WI, formerly d/b/a Bayou and Brooklyn's One Water Breeze Courier Group Inc., Hanover, MD CH League Enterprises Inc. d/b/a Q-Zar of CS Inc., Colorado Springs, CO - case # 99-23040 Communication Systems International Inc., Colorado Springs, CO Continental Sportsman Inc., Mountlake Terrace, WA - case # 99-12173 D&L Construction, Mequon, WI Dev Com Leasing Inc., Mounds, MN Dollar Village Inc., Aurora, CO Energy Services Contractors Inc., Valencia, CA - case # SV99-21689-AG Fox Bay Entertainment Inc., Whitefish Bay, WI Graham Transport, St. Paul, MN Larc Pizza Inc., Stillwater, MN Lee Rich Productions Inc., Los Angeles, CA Lulu Foods Inc., Malibu, CA - case # SV99-218477-KL Premier Air Express, Playa Del Rey, CA - case # LA99-48482-BR Premier Health Care Inc., Miami Beach, FL - case # 99-40460 Steelman-Cincinnati Inc., Amelia, OH Travel Review Publishing Inc., Marblehead, MA - case # 99-18700 Vidikron Technologies Group Inc., New York, NY Want Ads of Salt Lake City Inc., American Fork, UT, d/b/a ThriftY Nickel - case # 99-31762 Westlake Energy Consultants Inc., Thousand Oaks, CA - case # SV99-21649-KL Chapter 11s American Vista Vending Inc., Jupiter, Fl - case # 99-35357 Cellular Headquarters Inc., Maple Shade, NJ - case # 99-18412 Computer Support Technologies Inc., Ann Arbor, MI (invol) Coram Independent Practice Association Inc., Denver, CO Coram Resource Network Inc., Denver, CO Danish Pastry Shop Inc., St. Paul, MN Dick's Glass Co. Inc., Schenectady, NY - case # 99-16022 Fields Aircraft Spares Inc., Simi Valley, CA Gloucester Building Supply Inc., Gloucester City, NJ - case # 99-19464 Haddon National Cos. Inc., Pennsauken, NJ - case # 99-19319 Heber Enterprises Inc., Englewood CO, also d/b/a Colorado Maintenance Specialties Corp. Home Medical Care Inc., Pomona, CA - case # LA99-47238-SB Insync Interactive Communications Inc., Detroit, MI Integrated Computer Management Inc., Troy, NY - case # 99-152876 Jell Industries Inc., Mercerville, NJ - case # 99-60316 Laser Engineering Inc., Coral Springs, FL - case # 99-27002 Leasing Solutions Inc., Los Angeles, CA Marshall Electric Co. Inc., Lindenwold, NJ - case # 99-19463 Miami Dominion Group Inc., Wildwood Crest, NJ - case # 99-19718 Mulligan Partenheimer Inc., Springfield, MO National Computer Resources Inc., Wixom, MI OpTel, Dallas, TX Petsec Energy Inc., a U.S. unit of Petsec Energy Ltd. of Sydney, Australia Pico Macom Inc., Lakeview Terrace, CA Premium Tune N' Lube Inc., Issaquah, WA - case # 99-12002 Primary Care Medical, Detroit, MI Roodabaker Inc./Kangaroo's Outback Cafe, Pittsburgh, PA - case # 99-28011 Springs Brewing Co., Denver, CO Tempcom Corp., Lindenwold, NJ - case # 99-19477 TLC Trucking Inc., Lebanon, TN - case # 99-08950 Triad Restaurant Corp., Miami, FL - case # 99-40532 RECENT BANKRUPTCY NEWS Brothers Gourmet Coffee Inc., a Boca Raton, Fl. coffee wholesaler, has now estimated that its unsecured-claims holders will recover about 53% of their claims if they choose to receive a distribution of new common stock which is valued at about $12 million. Creditors that choose a cash-out option will recover about 36% of their claims. Landover, Md.-based Crown Books Corp. announced that it has emerged from chapter 11 protection 16 months after filing to reorganize, according to a newswire report. Under the terms of the discount book retailer's plan, all of the old common stock has been cancelled and 100 percent of the new common stock will be distributed to holders of Crown's unsecured claims in full satisfaction of such claims. Crown has secured a $35 million working capital line of credit provided by Paragon Capital LLC. Crown, which has 92 stores in five major metropolitan areas, including Washington, Chicago, San Francisco, Los Angeles and San Diego, plans to develop a significant Internet presence. Pending bankruptcy court approval of the reorganization plan it filed on Friday, Filene's Basement Corp. will close almost half of its stores and cut about 900 jobs of its 3,900 positions to emerge from chapter 11 protection as a smaller company, according to a newswire report. Filene's Basement, a discount retailer, would close 18 stores and keep 22 open in New York, Chicago and Massachusetts, including its flagship Boston store. The Wellesley, Mass.-based retailer filed for chapter 11 protection in August and filed its plan on Friday. Chairman and CEO Sam Gerson said in a statement, "Our plan will allow us, when we emerge from bankruptcy, to be a smaller yet stronger organization." -------------- end ------------------ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ T H E I N T E R N E T B R I G A D E Linda Muller - WebMaster Post Office Box 650266, Potomac Falls, Virginia 20165 Email: [EMAIL PROTECTED] Web: http://www.buchanan.org ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The One and Only B R I G A D E Email List! 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