/raid1/www/Hosts/bankrupt/TCR_Public/010222.MBX          T R O U B L E D   C O M P A N Y   R E P O R T E R

             Thursday, February 22, 2001, Vol. 5, No. 37

                            Headlines

ALL STAR: Restructuring Senior Notes & Subordinated Debentures
AMERICAN ECO: Exclusive Period Extended to August 4
AMERICAN HOMESTAR: Nasdaq To Delist Common Stock Tomorrow
AMWEST INSURANCE: Restructures $13.6 Million Union Bank Term Loan
ARMSTRONG WORLD: Hiring Feinberg Group for Asbestos Advice

BUGLE BOY: Tropical Signals Bid For Name and Select Assets
CANFIBRE: Seeks Order Authorizing Severance Plan and Bonus Pool
CHIQUITA BRANDS: Consolidated Fruit Eyes Part or All of Assets
DAIMLERCHRYSLER: May Sell Aviation Units & Other Assets
EGLOBE INC.: BDO Seidman Resigns as Accountants

eHOW INC.: Files Chapter 7 Petition in N.D. California
FNC/FRANK'S: Files for Chapter 11 Protection in Baltimore
FRANK'S NURSERY: Wells Fargo Extends $100 DIP Loan Commitment
HARNISCHFEGER: Moves to Assume Workers' Compensation Programs
HENLEY HEALTHCARE: Nasdaq Delists Common Stock

HENLEY HEALTHCARE: Comerica Loan Slips into Default
HENLEY HEALTHCARE: Appoints Len de Jong As New President and CEO
ICG COMMUNICATIONS: Has Until July 12 To Assume Or Reject Leases
IMPERIAL SUGAR: Taps Young Conaway as Local Counsel
IONIC FUEL: Looks For Additional Capital To Sustain Operations

JCC HOLDING: Confirmation Hearing Set for March 19 in New Orleans
JODA, INC.: S.D.N.Y. Confirms Amended Joint Plan of Liquidation
LERNOUT & HAUSPIE: Creditors Select Akin Gump as Lead Counsel
LERNOUT & HAUSPIE: Court Gives Final Nod on $60MM DIP Financing
LOEWEN GROUP: Ten Hawaiian Debtors to Sell Assets for $25,000,000

LONDON FOG: Judge Walsh to Consider Confirmation on April 5
LUCENT TECHNOLOGIES: Fitch Cuts Senior Unsecured Rating To BBB-
LUCENT TECHNOLOGIES: Moves to Raise $6.5 Billion
MATLACK SYSTEMS: Considering Filing For Bankruptcy Protection
METAL MANAGEMENT: Bar Date For Filing Proofs of Claim is March 2

OWENS CORNING: Makes Pitch to Buy Napa, California, Real Property
PILLOWTEX CORP.: Paying Prepetition Independent Sales Agents
SAFETY-KLEEN: Hires Tauber & Balser to Pursue PwC Litigation
SPINTEK GAMING: Trustee Agrees To $1MM Asset Sale To Davenport
STELLEX TECHNOLOGIES: Court Establishes April 12 Claims Bar Date

UNAPIX ENTERTAINMENT: Proposes March 31 General Claims Bar Date
URBAN BOX: Auctions by Bid4Assets, Schottenstein & Continental
WELLCARE MANAGEMENT: Hires Deloitte & Touche as New Auditors
WHEELING-PITTSBURGH: Trustee Appoints New Trade Committee Members

                            *********

ALL STAR: Restructuring Senior Notes & Subordinated Debentures
--------------------------------------------------------------
All Star Gas Corp. announced financial results for the six months
ended December 31, 2000, reporting a net loss of $3.14 million on
total revenues of $27.22 million. On July 31, 2000, the Company
defaulted with respect to the remaining $50,880,000 principal
balance of its 12 7/8% Senior Secured Notes due 2004, which also
caused the Company to be in default with respect to the
$9,729,000 principal balance of the 9% Subordinated Debentures
due 2007.

According to its Securities and Exchange Commission filing, the
Company was unable to enter into a definitive agreement for the
sale of certain of its retail service centers to provide the
funds necessary to redeem the remaining principal balance of the
Senior Notes. The Company is now negotiating to restructure both
the Senior Notes and the Subordinated Debentures and has made
exchange offers for both the Senior Notes and the Subordinated
Debentures of like principal amount. On February 2, 2001, the
Company's offer to exchange was amended to include the amount of
interest accrued from August 1, 2000 to November 30, 2000 in the
principal amount of the New Notes. Accordingly, the Company has
now offered to exchange an aggregate principal amount of
$53,063,600 of its New Notes for all of the issued and
outstanding $50,880,000 principal amount of its Old Notes. The
additional principal amount of the New Notes will be distributed
to tendering holders on a pro-rata basis. (New Generation
Research, February 20, 2001)


AMERICAN ECO: Exclusive Period Extended to August 4
----------------------------------------------------
Bankrupt American Eco Corp. (AEC), the Houston-based
consolidator, has won court approval for an extra 90 days to file
its plan to emerge from chapter 11 and to solicit the necessary
creditor backing, according to TheDeal.com.

In the U.S. Bankruptcy Court in Wilmington, Del., Judge Sue L.
Robinson ruled that the reorganization plan must be filed by June
1. AEC originally had 120 days after its Aug. 4 chapter 11 filing
to submit a plan. No creditors objected to the motion for more
time.

The deadline extension signals the complexity of AEC's
reorganization, not that the company has run into opposition,
said lead debtor counsel Michael S. Etkin, of Lowenstein Sandler
PC. AEC's largest unsecured creditor is State Street Bank &
Trust, a subsidiary of State Street Corp. of Boston and indenture
trustee for the notes. The second largest unsecured creditor is
Dreyfus Corp., with a $20.8 million bondholder claim. AEC said
that its reorganization plan consists of selling its 21 affiliate
companies to apply the net proceeds to outstanding debts, as well
as pursuing additional recovery via litigation, including
collecting unpaid receivables. According to court documents, AEC
has consolidated assets of $233.4 million and consolidated
liabilities of $195.9 million. The debt includes about $117
million in unsecured bond debt and about $27 million in secured
debt owed to General Electric Co.'s GE Capital Corp. unit. (ABI
World, February 20, 2001)


AMERICAN HOMESTAR: Nasdaq To Delist Common Stock Tomorrow
---------------------------------------------------------
American Homestar Corporation (Nasdaq/NMS:HSTRQ) received
official notice from Nasdaq that continued listing of the
Company's common stock on the Nasdaq Stock Market is no longer
warranted under the public interest provisions of Rules
4330(a)(3) and 4450(f). The delisting will be effective at the
opening of business tomorrow, February 23, 2001.

The Company believes this action is the direct result of its
Chapter 11 bankruptcy filing on January 11, 2001. Trading in the
Company's common stock was halted after the Chapter 11 filing and
has not been reactivated. While the Company could request an oral
hearing on this proposed delisting, it has declined to do so.

The Company's common stock does not currently qualify for
automatic listing on the over-the-counter (bulletin board)
market, also because of the Chapter 11 filing. Until such time
that a plan of reorganization has been approved by the Bankruptcy
Court, there will be no public market for the Company's common
stock.

American Homestar Corporation is a vertically integrated
manufacturer and retailer of manufactured housing that also
provides transportation, insurance and financial services to its
customers.


AMWEST INSURANCE: Restructures $13.6 Million Union Bank Term Loan
-----------------------------------------------------------------
Amwest Insurance Group Inc. (AMEX:AMW)(PCXE:AMW) has reached an
agreement with Union Bank of California, N.A. to restructure its
outstanding $13,633,077 term note.

The agreement is contingent on receiving approval from the
Nebraska Department of Insurance. In exchange for the Bank's
forgiveness of a portion of the outstanding debt, the
restructuring will include a $2 million cash payment, the
issuance of $2 million in non-voting, non-convertible preferred
stock, the issuance of 5-year immediately exercisable warrants to
purchase 250,000 shares of Amwest common stock at fair market
value and the pledge to the Bank of the capital stock of the
Company's insurance subsidiaries to secure the Company's
obligations under the preferred stock. Other terms were not
disclosed.

Charles L. Schultz, interim chief executive officer stated, "We
are pleased with the negotiated terms of the debt restructuring
and will immediately seek regulatory approval from the Nebraska
Department of Insurance. This restructuring is an integral part
of the Company's plan for reorganization, and while no assurances
can be given, we believe that this debt restructuring will be
viewed favorably by the regulators and other important
constituencies such as A.M. Best Company."

Schultz commented further, "The Company is continuing
negotiations on restructuring its reinsurance programs to better
address its present needs and will continue to work with our
investment bankers in connection with various strategic
alternatives."

Amwest is a Calabasas-based insurance holding company
underwriting surety and property and casualty insurance through
Amwest Surety Insurance Company and Far West Insurance Company.


ARMSTRONG WORLD: Hiring Feinberg Group for Asbestos Advice
----------------------------------------------------------
Walter Gangl, an authorized officer of Armstrong World
Industries, Inc., asked Judge Farnan for authorization to retain
the Feinberg Group to serve the Debtors as their special counsel
for the analysis, evaluation, and treatment of personal injury
asbestos claims in these Chapter 11 cases. The Debtors further
asked that this employment be effective retroactively to the
Petition Date so that the firm may be compensated for the work it
has already performed.

It is necessary to retain the Feinberg Group to render these
services to the Debtors:

      (a) Analysis and valuation of personal injury asbestos
          claims;

      (b) Development of forms and procedures for the treatment of
          personal injury asbestos claims;

      (c) Design of potential compensation systems; and

      (d) Strategic advice regarding evaluation and treatment of
          personal injury asbestos claims.

Feinberg's compensation for professional services rendered will
be based upon fixed-fee arrangements and the time expended to
render such services and at billing rates commensurate with the
experience of the person performing such services. The
compensation of Feinberg professionals will be computed, based on
each professional's expertise, at these hourly billing rates:

          Partners                            $375 to $600
          Senior Counsel                      $350
          Associates                          $125 to $300
          Law clerks and paraprofessionals    $ 85 to $125

Because the Debtors requested that Feinberg commence work
immediately, the Debtors also requested that Feinberg's retention
be made to apply retroactively to the Petition Date so that
Feinberg may be compensated for the work it has performed for the
Debtors prior to this application.

Deborah E. Greenspan, a partner in The Feinberg Group, LLP,
assured Judge Farnan that the firm does not have any connection
with, and hold no interest adverse to, the Debtors, their
creditors, or any other party-in-interest in matters for which
Feinberg is to be retained. Neither Feinberg, nor any
professional at Feinberg, is a creditor, equity security holder,
or an insider of the Debtors. However, in the interests of full
disclosure, Ms. Greenspan states that the firm has formerly
represented Chase Manhattan Bank, which is the Agent of the Bank
Group, and currently represents Dow Corning Corporation, and
Pfizer, Inc., affiliations of a former director of AWI. This
representation was on matters wholly unrelated to these estates
or the employment for which approval is sought.

The firm has also served as a neutral mediator for each of
Barclays Bank and Citibank, N.A., lenders to the Debtors, DuPont
Chemicals, an affiliation of a former director of AWI, and
various providers of insurance to the Debtors, such as Zurich
Insurance Co., AXA/Colonia Verischerung AG, USAIG, American Home
Insurance, National Union First Insurance Company, X.L. Insurance
Company, Ltd., A.C.E. Insurance Company, Ltd., FM Global, ACE-
CIGNA, Royal Insurance Company, Reliance Insurance Co., and AIG
Life Insurance Company. (Armstrong Bankruptcy News, Issue No. 4;
Bankruptcy Creditors' Service, Inc., 609/392-0900)


BUGLE BOY: Tropical Signals Bid For Name and Select Assets
----------------------------------------------------------
Tropical Sportswear Int'l Corporation (TSI) (Nasdaq: TSIC)
announced that it is considering a bid to acquire certain assets
of Bugle Boy Industries, Inc. ("Bugle Boy") located in Simi
Valley, California principally relating to Bugle Boy wholesale
and licensing operations. TSI presently is conducting its due
diligence investigation in cooperation with Bugle Boy management
and advisors. Any TSI acquisition of Bugle Boy assets will be
subject to certain conditions but not limited to, including those
imposed by the bankruptcy court, satisfactory completion of its
due diligence investigation, satisfactory financing arrangements
and bankruptcy court approval.

"The Bugle Boy name will fit into our blueprint strategy of
acquiring and developing recognized brands to enhance our
customers' return on investment opportunities," commented William
W. Compton, chairman and chief executive officer of TSI. "This
brand has recognized loyalty among our retailer customers and the
ultimate consumer."

TSI markets and manufactures branded and private brand men's and
women's casual and dress sportswear through all major retail
distribution channels. Major owned brands include Savane(R),
Farah(R), Bay to Bay(R), Flyers(TM), The Original Khaki Co.(R),
Two Pepper(R), and Authentic Chino Casuals(R). Licensed brands
include Bill Blass(R), John Henry(R), Van Heusen(R) and
Victorinox(R). TSI distinguishes itself by providing major
retailers with comprehensive brand management programs and uses
advanced technology to provide retailers with customer, product
and market analyses, apparel design, and merchandising consulting
and inventory forecasting with a focus on return on investment.


CANFIBRE: Seeks Order Authorizing Severance Plan and Bonus Pool
---------------------------------------------------------------
Canfibre of Riverside, Inc. sought court authority to implement
an Incentive Program including a stay bonus plan, a severance
plan and a senior management bonus pool. The Incentive Program is
designed to prevent a deterioration in the value of the debtor's
business by maintaining a reasonable level of retention and
morale among key management and employees of the debtor.

There are three components to the Incentive Program. Pursuant to
the Stay Bonus Plan, 38 employees will be entitled to receive a
cash stay bonus equal to 5% of the employee's annual base salary.
For employees that are paid on an hourly basis, the Stay Bonus is
based on the monthly average hours worked over the preceding six
months. The maximum projected cost of the Stay Bonus Plan is less
than $79,000.

The program includes payment of a Severance Payment equal to one
month's salary to be paid to debtor's employees other than Plant
Managers. The maximum projected cost of the Severance Plan in the
event all of the employees are terminated is less than $220,000.

The Senior Management consists of eight individuals. The debtor
pays a Management Fee in the amount of $75,000 per month to the
CanFibre Group.

In order to properly motivate and retain the Senior Management,
the debtor is seeking court approval to pay the senior Management
the aggregate amount of $150,000 as a "Minimum Bonus". In the
event that the debtor's creditors recover from its assets through
a sale or otherwise, an aggregate amount equal to or greater than
$20 million, the debtor is seeking court approval to pay the
senior management an additional aggregate amount of $50,000 plus
2% of such recoveries in excess of $20 million. In no event shall
the Senior Management Bonus exceed $500,000 in the aggregate. The
debtor, represented by James L. Patton, Jr., Brendan Linehan
Shannon and Michael R. Nestor of Young Conaway Stargatt & Taylor
LLP and Howard Seife and Joseph H. Smolinsky of Chadbourne &
Parke LLP, submits that the proposed Incentive Program is in the
best interest of the debtor and its creditors, as the debtor
believes that if it loses key employees, it will have a
detrimental impact on its ability to reorganize.


CHIQUITA BRANDS: Consolidated Fruit Eyes Part or All of Assets
--------------------------------------------------------------
A large shareholder of Chiquita Brands International Inc. is
seeking to acquire all or part of the banana company, according
to The Wall Street Journal. Consolidated Fruit Corp., an investor
group owning 9.9% of Chiquita's common stock, is expected to
announce that it hired Gordian Group LP as its financial advisers
to explore potential "business combinations" and other
transactions to "preserve and maximize Chiquita Brands' value."

Consolidated Fruit, with corporate headquarters in Panama City,
Panama, isn't in any active negotiations with Chiquita. However,
the two sides engaged in some discussions last year and
Consolidated has made overtures to Chiquita in the past. In a
securities filing last November, Consolidated disclosed that it
sent a letter to Chiquita Chairman Carl H. Linder seeking
information to assess the strategic direction of Chiquita and
explore means of "creating value for Chiquita's shareholders,
including a possible transaction with Consolidated Fruit."

Chiquita, based in Cincinnati, announced last month that it could
no longer pay its debts and would probably need to seek chapter
11 protection. The company said it would ask investors to agree
to restructure $862 million in bond debt and said a proposed deal
would involve a swap of debt for equity. (ABI World, February 20,
2001)


DAIMLERCHRYSLER: May Sell Aviation Units & Other Assets
--------------------------------------------------------
Automaker DaimlerChrysler AG is said to be considering selling
Chrysler's aviation and financial services units and some of its
component plants in a bid to cut down losses, TheDeal.Com
reports.

Dieter Zetsche, the company's North American CEO who first
disclosed the possible sales to analysts, said that the
DaimlerChrysler's aviation unit maintains the company's planes
and includes a trans-Atlantic hub in Waterford, Mich., which
houses and maintains the automaker's planes and private, non-
company planes.

Accordingly, Zetsche also said that any assets which are not
directly linked to mainstream manufacturing activities are also
possible auction targets.

Curtrise Garner, spokeswoman for DaimlerChrysler, said that
everything is under consideration and that they're not ruling
anything out at the moment, TheDeal.Com relates.

An official announcement on the possible sales is expected by the
middle of next week.

Meanwhile, reports say that the company's U.S. operations lost an
estimated $1.5 billion in the fourth quarter. The company claimed
the unit will begin breaking even in the first half of 2002.


EGLOBE INC.: BDO Seidman Resigns as Accountants
-----------------------------------------------
On January 19, 2001, BDO Seidman, LLP resigned as eGlobe Inc.'s
independent public accountants.

The audit opinion of BDO Seidman, LLP on the company's most
recent consolidated financial statements as of and for the period
ending December 31, 1999 and the subsequent interim period
preceding their resignation on January 19, 2001, contained a
statement that the potential redemption of the company's Series P
and Q Convertible Preferred stock, coupled with the fact that the
company has suffered significant recurring losses from
operations, has a net capital deficiency, has significant short-
term cash commitments and does not presently have sufficient firm
commitments from outside sources to finance its growth plan,
combine to raise substantial doubt about its ability to continue
as a going concern.


eHOW INC.: Files Chapter 7 Petition in N.D. California
------------------------------------------------------
Online advice site eHow is still advising users on how to file
for bankruptcy-more than a week after quietly filing for chapter
7 bankruptcy protection itself, according to CNET News.com.

According to a recorded telephone message at the U.S. Bankruptcy
Court in the Northern District of California, eHow filed for
chapter 7 bankruptcy on Feb. 8.  A message at the bankruptcy
court said, "The case was filed voluntarily." The first meeting
of creditors will be held on March 14, according to the
bankruptcy court.

eHow's advice site is still operating despite the bankruptcy
filing. eHow executives could not be reached for comment about
the company's plans, including whether the site will eventually
"go dark" or be sold. Rumors of eHow's demise had been
circulating for weeks. The executives previously had declined to
confirm its plans, however. In October, eHow laid off more than
half its staff and said it was restructuring its business. Its
investors included Hummer Winblad Venture Partners, among others.
(ABI World, February 20, 2001)

BankruptcyData.Com reports that eHow, Inc., listed $1.2 million
in total assets and $7.2 million in liabilities in its chapter 11
petition.  The Clerk has assigned case number 01-30291 to eHow's
liquidation proceeding.


FNC/FRANK'S: Files for Chapter 11 Protection in Baltimore
---------------------------------------------------------
Frank's Nursery & Crafts, Inc., the nation's leading specialty
retailer of lawn and garden products and its parent, FNC Holdings
Inc., disclosed that each has filed a voluntary petition for
reorganization under Chapter 11 of the U.S. Bankruptcy Code.

The filings, made on Presidents Day in the United States
Bankruptcy Court in Baltimore, Maryland, will enable the Company
to focus on operating its business and serve its customers while
the Company develops a plan to reorganize its capital structure
and strengthen its financial condition.

Joseph R. Baczko, Chairman and CEO of FNC Holdings, said: "During
2000, adverse weather patterns negatively impacted lawn and
garden sales across most of our principal markets in the Midwest
and Northeast. What turned out to be a difficult lawn and garden
season for us this year was followed by poor comparative results
in our Trim-A-Tree holiday sales, which was consistent with the
general softness in sales at retailers during the Christmas
period. In addition, our planned program of sales of 44 closed
stores did not meet our expectations due, in large part, to
market conditions late last year. We intend to continue to pursue
these sales aggressively," said Mr. Baczko.


FRANK'S NURSERY: Wells Fargo Extends $100 DIP Loan Commitment
-------------------------------------------------------------
Frank's Nursery & Crafts, Inc. announced that it has obtained a
$100 million Debtor -In - Possession (DIP) financing commitment
for a two year period from a lending group led by Wells Fargo
Retail Finance, LLC. Upon Court approval, such financing will be
available to the Company to meet its operating needs and fulfill
its obligations under normal terms to suppliers and vendors for
goods and services that are provided after its bankruptcy filing.
The Company also announced that it currently expects to close
approximately 24 under-performing stores as part of its
reorganization plan.

Chairman and CEO of parent company FNC Holdings, Joseph R.
Baczko, said, "The substantial funding commitment we now have
obtained should enable Frank's to maintain normal operations
through the important months ahead while allowing us to focus on
an expeditious reorganization. Our stores will be fully stocked
and open for business as usual, ready to serve our customers.

Despite our near-term challenges, we are fortunate to have a
large and loyal customer franchise that has come to rely upon us
for all its lawn and garden needs. Our aim is to continue to
provide our customers with the best products and services
competitively. We are also fortunate to have outstanding and
committed personnel at all levels of our organization, and are
extremely appreciative of their commitment to Frank's," concluded
Mr. Baczko.

As of February 19, 2001, Frank's operated 218 specialty retail
stores in 15 states, primarily in the Midwest and Northeast. The
Company's principal business is the sale of lawn and garden
products, which include green and flowering plants for outdoor
and indoor use, live landscape products such as trees and shrubs,
fertilizers, seeds, bulbs, gardening tools and accessories,
planters, watering equipment, garden statuary and furniture, wild
bird food and feeders, mulches and specialty soils. Frank's also
is a leading retailer of Christmas Trim-A-Tree merchandise,
artificial flowers and arrangements, garden and floral crafts and
home decorative products. In its fiscal year ending January 28,
2001, Frank's had sales of approximately $435 million and
employed approximately 1,650 full-time and 4,250 part-time
employees.


HARNISCHFEGER: Moves to Assume Workers' Compensation Programs
-------------------------------------------------------------
Workers' Compensation Claims fall within the category of general
unsecured claims that the Reorganizing Debtors will satisfy in
full under the Reorganization Plans, Harnischfeger Industries,
Inc. tells Judge Walsh.  The Debtors believe it is much more
efficient for the Reorganizing Debtors to assume the Programs and
continue to pay the Workers' Compensation Claims in the ordinary
course, rather than pay them under the Reorganization Plans,
especially with respect to Workers' Compensation Claims that have
been filed in unliquidated or undetermined amounts or as
contingent claims. This treatment, the Debtors observe, will also
ensure employee morale and the confidence of the state
authorities charged with overseeing the self-insured status of
the Reorganizing Debtors.

The Liquidating Debtors also proposed the treatment of their
Workers' Compensation Claims because if they fail to pay their
Workers' Compensation Claims timely and in full, the relevant
state authorities will have the right to draw on the bonds,
which, in certain instances, will trigger the bonding companies'
right to draw on HII's letters of credit and on HII's guaranties.
If this happens, HII will have an administrative claim against
the estate of the relevant Liquidating Debtor, and the bonding
companies that issued postpetition bonds for Beloit will have an
administrative claim against Beloit. These administrative claims
would have to be satisfied in full. The Debtors expect that the
Liquidating Debtors' defaults under the Programs may cause the
relevant authorities to terminate or revoke the self-insurance
privileges of the Reorganizing Debtors, thus causing the
Reorganizing Debtors to incur significant additional expenses.

Therefore, the Debtors requested that the Court authorize,

      (a) the Reorganizing Debtors to assume, as of the effective
          date of their plans of reorganization, their workers'
          compensation policies, programs and plans that were in
          place as of the Petition Date;

      (b) the Liquidating Debtors to continue paying the Workers'
          Compensation Claims in the ordinary course;

      (c) that Workers' Compensation Claims be disallowed and
          expunged, and claims that only partially represent
          Workers' Compensation Claims be disallowed only for
          those portions that represent Workers' Compensation
          Claims.

The Debtors submitted that the treatment proposed for the
Workers' Compensation Claims of the Liquidating Debtors will not
prejudice the estates or creditors of the Liquidating Debtors in
any way, but will benefit the estates of the Reorganizing
Debtors.  (Harnischfeger Bankruptcy News, Issue No. 37;
Bankruptcy Creditors' Service, Inc., 609/392-0900)


HENLEY HEALTHCARE: Nasdaq Delists Common Stock
----------------------------------------------
Henley Healthcare Inc. (Nasdaq:HENL) previously received notice
from Nasdaq that its common stock would be delisted from the
Nasdaq SmallCap Market for failure to maintain a minimum bid
price of $1.00. Following the appeal by the company to the Nasdaq
Listing Qualifications Panel with respect to the delisting of its
common stock from the Nasdaq SmallCap Market, the company
received notification from Nasdaq of its failure to maintain the
minimum net tangible assets requirement as established by Nasdaq.

In light of the company's inability to satisfy the net tangible
assets requirement, the company has determined not to appeal the
decision by Nasdaq to remove the company's common stock from
listing on the Nasdaq SmallCap Market. Therefore, the company's
common stock will be delisted.

The company will apply to have its common stock traded on the OTC
Bulletin Board. Delisting from the Nasdaq SmallCap Market may
adversely affect the market price and liquidity of the common
stock and may subject the common stock to the "penny stock rules"
contained in Section 15(g) of the Securities Exchange Act of
1934, as amended, and the rules promulgated thereunder. In
addition, the company may incur significant monetary penalties
under the terms of its Series B and Series C Preferred Stock due
to the delisting of its common stock.


HENLEY HEALTHCARE: Comerica Loan Slips into Default
---------------------------------------------------
As a result of Henley Healthcare Inc.'s poor financial
performance, the company has limited working capital and has
defaulted on the indebtedness owed to Comerica Bank-Texas, which
is now due and payable in full. The company expects to report
significant operating losses with respect to its U.S. operations
for the year ended Dec. 31, 2000, and to continue to incur
significant operating losses relating to its U.S. operations. In
addition, the company has a substantial amount of outstanding
indebtedness, including unpaid vendor obligations.

In light of the company's continuing losses, it is unlikely that
the company will be able to generate sufficient funds from
operations to cure its default under the credit facility or to
reduce its working capital deficit. The company is reviewing all
aspects of its business and capital structure with the objective
of restructuring the company such that it can reduce its
outstanding indebtedness and improve its working capital
position. A restructuring of the company would likely include the
sale of the company's United States assets and require additional
equity or debt financing, which may include repaying certain
outstanding indebtedness with equity. In connection with any such
financing or restructuring, the company may be required to issue
securities that substantially dilute the interests of the
company's shareholders. There can be no assurances that any such
restructuring or financing will occur. In the event the company
is unable to restructure its outstanding indebtedness and secure
additional financing, the company will not have the funds to
satisfy its liquidity needs and may be required to seek
protection under federal bankruptcy laws.

On May 23, 2000, the Company entered into a Second Amended and
Restated Loan Agreement with Comerica (the "Amended Loan
Agreement"). The Amended Loan Agreement is effective as of
March 3, 2000. The Amended Loan Agreement provides for (i) a
revolving loan ("Line of Credit"), with permitted borrowings of
up to $5,200,000 through April 1, 2002 and (ii) three term loans
in the original amounts of $1,430,000 ("Term Note A"), $1,616,000
("Term Note B") and $1,260,000 ("Term Note C"). Term Note A, Term
Note B and Term Note C (collectively, the "Term Notes") are
payable in monthly installments of $23,833, $7,000 and $8,978,
respectively, plus interest, through September 30, 2002, April
30, 2011 and February 12, 2013, respectively. Interest on the
Line of Credit and three term loans is payable monthly and is
calculated at a rate equal to the Prime Rate (9.5% at September
30, 2000) plus one and one-half percent per annum, until the
respective maturity dates at which the interest payable for such
note will be the maximum rate allowed under applicable law. Term
Note B is callable by Comerica beginning on April 1, 2002 and
each anniversary thereafter. All of the borrowings from Comerica
are secured by substantially all the assets of the Company. The
total amount available for borrowing under the Line of Credit is
the lesser of (i) $5,200,000 and (ii) a variable borrowing base
calculated based on the amount and type of accounts receivable
and the value of certain items of inventory. Prior to the Company
entering into the Amended Loan Agreement, it had no amounts
available for borrowing under the Line of Credit, and its
borrowings exceeded its borrowing base. As of September 30, 2000,
the Company had $300,000 available for borrowing under the Line
of Credit, as amended.

The Amended Loan Agreement relaxed a number of affirmative
covenants, negative covenants and financial covenants with which
the Company must comply, including reducing the minimum tangible
net worth test and eliminating the leverage ratio, the fixed
charge coverage ratio and the current ratio. The Amended Loan
Agreement also contains a covenant that may require the Company
to issue shares of its Common Stock to Comerica if the sale or
disposal of certain assets is not completed within a specified
time.

The company, a leader in the growing pain management industry,
develops, manufactures and distributes products and related
accessories used in the control of acute or chronic pain. The
company offers a diversified line of non-invasive physical
medicine and rehabilitation products that are used in the
treatment of disabilities or injuries with therapeutic exercise
and the application of various heat, Fluidotherapy(R), traction,
ultrasound or other modalities. For additional information on the
company, please visit the company's Web site at
http://www.henleyhealthcare.com.


HENLEY HEALTHCARE: Appoints Len de Jong As New President and CEO
----------------------------------------------------------------
Henley Healthcare Inc. (Nasdaq:HENL) announced that the board of
directors has appointed Len de Jong as its president and chief
executive officer effective Feb. 9, 2001. Mr. de Jong was
appointed a director effective Jan. 1, 2001. Mr. de Jong also
serves as the president and chief executive officer of the
company's subsidiary, Enraf-Nonius B.V. Enraf-Nonius, which is
located in Delft, The Netherlands, is a worldwide producer and
supplier of products and services in the field of physiotherapy
and active rehabilitation. Enraf-Nonius expects to report gross
revenues of approximately $35,000,000 for the year-ended Dec. 31,
2000. Mr. de Jong replaced Dr. Pedro A. Rubio who was serving as
interim-president and chief executive officer. Dr. Rubio will
continue to serve as chairman of the board of directors of the
company.


ICG COMMUNICATIONS: Has Until July 12 To Assume Or Reject Leases
----------------------------------------------------------------
ICG Communications, Inc. and certain of its subsidiaries have
asked Judge Walsh to extend the date during which the Debtors may
assume, assume and assign, or reject unexpired leases for an
additional 180 days, to and including July 12, 2001, subject to
the right of each lessor to ask that the Court shorten the
extension period and specify a date by which the Debtors must
make their determination to assume or reject a specific lease.

The Debtors told Judge Walsh that they are parties to over 900
unexpired leases of nonresidential real property. These leases
are an integral part of the Debtors'. The premises subject to the
leases include equipment facilities, telecommunications switch
sites, warehouses, and offices at which the Debtors operate their
businesses. In addition, the Debtors are party to thousands of
non-exclusive right of entry agreements, indefeasible right of
use agreement, and collocation agreements which grant the Debtors
access to physical property owned by third parties for purposes
of installing, maintaining and repairing their telecommunications
cable and associated equipment or the right to utilize property
nominally owned by a third party. In no instance, the Debtors
caution, should mention of a specific agreement as a lease be
taken as an admission by the debtors that the agreement in issue
is indeed a lease of nonresidential real property within the
meaning of the Bankruptcy Code.

Greg Galardi, Esq., at Skadden, Arps, Slate, Meagher & Flom, told
Judge Walsh that, since the Petition Date, the Debtors have taken
a number of steps to stabilize their businesses and lay the
foundation for a successful reorganization. The Debtors reviewed
the various pleadings they have filed in this case to illustrate
their activity. Telling Judge Walsh that, until they have had a
reasonable opportunity to stabilize their operations, pursue
strategic alternatives, and ultimately develop a business plan,
the Debtors state that the decision to assume or reject cannot be
made.

The Debtors' management has begun the process of reviewing each
aspect of the Debtors' large, complex business as the predicate
to formation of a long-term business plan, upon which a
reorganization plan will ultimately be built. The Debtors'
managers and advisors have also been aggressively pursuing other
strategic alternatives that may benefit the creditors of these
entities. The Debtors' ultimate decision as to whether to assume
or reject each of the unexpired leases depends in large part on
the formulation of a comprehensive business plan. The Debtors
said they simply have been unable, at this early juncture, to
assess the value or marketability of these unexpired leases and
make determinations with respect to which leases should be
assumed and which, if any, should be rejected.

With respect to all non-objecting lessors, Judge Walsh found that
cause exists to extend the deadline by which ICG must decide
whether to assume, assume and assign, or reject their contracts.
Accordingly, with respect to all non-objecting lessors, the
deadline imposed under 11 U.S.C. Sec. 365(d)(4) is extended to
July 12, 2001.

                Objecting Lessors

TriNet Realty Investors V Inc., represented by Rosenthal,
Monhait, Gross & Goddess, P.A., and Pillsbury Winthrop LLP,
objected to the extension requested in this Motion. TriNet is the
landlord in a 1998 lease between ICG Holdings, Inc., as tenant,
and TriNet Essential Facilities X, Inc., as landlord. The leased
property is located at 161 Inverness Drive West, Englewood,
Colorado. This property is the corporate headquarters of ICG
Holdings. This lease was subsequently assigned to ICG 161, L.P.,
a Delaware limited partnership. The general partner of ICG 161 is
ICG Corporate Headquarters, LLC, a Colorado limited liability
corporation, and a non-filing affiliate of the Debtors.

In June 2000, the tenant began construction of a garage
structure, which is not complete and TriNet said has been
abandoned. Subsequent to this, Safway Formwork Systems, LLC, a
contractor on the garage project, filed a lien notice and began
suit to foreclose the lien. Other liens have been recorded
against the property for unpaid construction charges.

Prudential Insurance Company of America, represented by John D.
Demmy of the Wilmington firm of Stevens & Lee, and Mark P.
Naughton of the Chicago firm of Piper, Marbury, Rudnick & Wolfe,
likewise objected to this proposed extension of time. Prudential
is the lessor to ICG Telecom Group, Inc., for property located at
13450 East South Road, Aurora, Colorado. Prudential advises Judge
Walsh it has received several notices of claim for lien against
the leased premises. These parties are H2O Industries, for
$5,185, M. A. Mortenson Co., for $401,820, Clark Construction Co.
for $119,401, and Teng Construction Co. for $67,401, for a total
of $593,707. The requested extension, or for that matter any
material extension, may greatly harm Prudential in light of the
significant lien claims asserted against the leased property.
Unless the Debtors are compelled to promptly assume or reject
this lease, Prudential is put in what it calls an "untenable"
position of having to deal with these lien claimants without
knowing if the Debtors intend to cure these defaults. While the
automatic stay of creditor action may preclude these mechanics'
lien claimants from taking any action beyond giving notices or
recording liens, Prudential, not the Debtors, must take the time
and effort to monitor the status of these claims and defend any
attempts to foreclose the liens. All the while, the Debtors
continue to obtain the benefits of the use of the premises.

The Irvine Company, represented by Neal J. Levitsky of the
Wilmington firm of Agostini, Levitsky, Isaacs & Kulesza, and the
Law Offices of Mark A. Kompa of Newport Beach, Califoria, joined
TriNet and Prudential in objecting to this Motion. Irvine owns
property known as Jamboree Center, 5 Park Plaza, in Irvine,
California, and has leased to ICG Communications some 32,848
rentable square feet of office space in the Center, consisting of
Suites 1400 and 1600. Irvine is also a Licensor under a Master
Telecommunications Agreement with ICG as Licensee. Irvine posits
that there is no legitimate "cause" for extending the time period
during which the Debtors may assume or reject this lease or the
license agreement. The lease expires by its own terms on April
30, 2001, and therefore this lease will expire 73 days before the
expiration of the requested period. The Debtor never exercised
its option to extend this term, and the option period has passed.
Further, the license agreement is not an executory contract or
lease subject to this Motion, and therefore no extension is
needed in which the Debtor could assume or reject the license.
Further, ICG is in material default for failure to pay $22,882 in
license fees. Finally, the Debtor has not presented any evidence
to support any extension. Irvine asked that the Motion be denied,
that its lease be found to be terminated on April 3, 2001, and
that ICG be ordered to immediately surrender the premises. (ICG
Communications Bankruptcy News, Issue No. 4; Bankruptcy
Creditors' Service, Inc., 609/392-0900)


IMPERIAL SUGAR: Taps Young Conaway as Local Counsel
---------------------------------------------------
William Schwer, an authorized officer of Imperial Distributing,
Inc., applied to Judge Robinson for permission to employ
Wilmington, Delaware law firm of Young Conaway Stargatt & Taylor,
LLP as its local counsel to file and prosecute its chapter 11
cases.

Specifically, Young Conaway contemplates:

      (a) Provision of legal advice with respect to their powers
          and duties as debtors-in-possession in the continued
          operation of their businesses and management of their
          properties;

      (b) Preparation on behalf of the Debtors of all necessary
          applications, motions, answers, orders, reports and
          other legal paper;

      (c) Appearance in court as appropriate to protect the
          interests of the Debtors before the Court; and

      (d) Performance of all other legal services for the Debtors
          which may be necessary and proper in these proceedings.

The principal attorneys and paralegals presently designated to
represent the Debtors and their current standard hourly rates
are:

      (1) James L. Patton, Jr. ................ $440.00 per hour
      (2) Brendan Linehan Shannon ............. $350.00 per hour
      (3) M. Blake Cleary ..................... $250.00 per hour
      (4) Debbie Laskin ....................... $120.00 per hour

These hourly rates are subject to periodic adjustments to reflect
economic and other conditions. Other attorneys and paralegals may
from time to time asked to render legal services to the Debtors
in these cases.

Young Conaway received $156,540.00 in connection with the
planning, preparation of initial documents, and the firm's
proposed post-petition representation of the Debtors. A part of
this payment is being applied to outstanding balances and to
payment of the Debtors' Chapter 11 filing fees, and the remainder
will constitute a general retainer as security for post-petition
expenses.

Brendan Linehan Shannon, Esq., a Young Conaway partner affirmed
that the firm does not represent or hold any interest adverse to
the Debtors, their creditors, or any other parties-in-interest,
or their respective attorneys, in any matter relating to the
Debtors or their estates. However, in the interests of full
disclosure Mr. Shannon advised that the firm has represented
Wells Fargo and/or its affiliates, Lehman Brothers and/or its
affiliates, and Travelers Insurance and/or its affiliates, as
holders of the Debtors' public debts, in matters wholly unrelated
to the bankruptcy cases. The firm and certain of its partners,
counsel and associates may have in the past represented, and
may in the future represent, creditors of the Debtors in matters
unrelated to these estates, but Mr. Shannon assured Judge
Robinson that none of these past or current representations are
material. (Imperial Sugar Bankruptcy News, Issue No. 3;
Bankruptcy Creditors' Service, Inc., 609/392-0900)


IONIC FUEL: Looks For Additional Capital To Sustain Operations
--------------------------------------------------------------
Ionic Fuel Technology, Inc. has incurred recurring operating
losses, and its operations have not produced positive cash flow.
As such, this condition raises substantial doubt about the
company's ability to continue as a going concern.

During the past period, the principal use of the company's cash
has been to fund its operating losses and to bring its new
products to market. The company has been utilizing approximately
$80,000 per month to fund operations. To fund operations, the
company raised approximately $150,000 of additional capital
through the issuance of 1,257,007 stock subscriptions at a price
of $0.12 per share. The company is presently attempting to raise
additional capital to fund operations. If additional capital is
not secured within the next few months, it will be necessary to
substantially curtail or cease operations.


JCC HOLDING: Confirmation Hearing Set for March 19 in New Orleans
-----------------------------------------------------------------
JCC Holding Company disclosed that a bankruptcy plan, which
includes, among other things, a provision for the elimination of
all the Company's current common stock, and a substantial
reduction of its debt, is currently pending before the U.S.
Bankruptcy Court in New Orleans. A bankruptcy plan confirmation
hearing is scheduled for March 19.

Concurrently, the company expressed its optimism that Governor
Foster would soon call a special session of the legislature to
address a reduction in the $100 million minimum payment and the
easing of restrictions on food service and hotel rooms.

The Company believes that ultimate approval of the necessary
statutory changes by the legislature, and approval of the
Bankruptcy plan by the respective constituents and the Bankruptcy
Court, is the only way to ensure that the more than 4,000 direct
and indirect employees, the State, the City of New Orleans and
hundreds of vendors from across Louisiana will continue to
benefit from the Casino's economic impact beyond March 31, 2001.


JODA, INC: S.D.N.Y. Confirms Amended Joint Plan of Liquidation
--------------------------------------------------------------
On February 6, 2001, the U.S. Bankruptcy Court, Southern District
of New York, entered an order confirming and approving the
Amended Joint Chapter 11 Plan of Liquidation dated December 18,
2000 of JODA, Inc., f/k/a joan and david helpern incorporated.
The plan was jointly proposed by the debtor and its' Creditors'
Committee. The debtor is represented by Togut, Segal & Segal
LLP, New York and the Creditors' Committee is represented by Hahn
& Hessen LLP.


LERNOUT & HAUSPIE: Creditors Select Akin Gump as Lead Counsel
-------------------------------------------------------------
Lernout & Hauspie Speech Products N.V. and Dictaphone Corp.'s
Unsecured Creditors' Committee applied to Judge Wizmur for an
Order authorizing it to retain Akin, Gump, Strauss, Hauer, &
Feld, LLP as its lead counsel, effective as of the Petition Date,
due to the necessity of the firm's commencing work immediately.
The Committee submits that the employment and retention of
counsel is necessary to provide it with:

      (a) Advice with respect to the Committee's rights, duties
and powers in these cases;

      (b) Assistance and advice in the Committee's consultations
with the Debtors relative to the administration of the bankruptcy
cases;

      (c) Assistance in analyzing the claims of the Debtors'
creditors and the Debtors' capital structure, and in negotiating
with claims and equity interests holders;

      (d) Assistance in the investigation of the Debtors' acts,
conduct, assets, liabilities, financial condition and business
operations;

      (e) Assistance in the Committee's analysis of and
negotiations with the Debtors or any third party concerning
matters related to the assumption or rejection of certain leases
of non-residential real property and executory contracts, assets
dispositions, financing of other transactions, and the terms of a
reorganization plan for the Debtors;

      (f) Assistance and advice to the Committee as to its
communications to the general creditor body regarding significant
matters in these bankruptcy cases;

      (g) Representation of the Committee at all hearings and
other proceedings;

      (h) Review and analysis of all applications, orders,
statements of operations and schedules filed with the Court and
advice to the Committee as to their propriety;

      (i) Assist the Committee in preparing pleadings and
applications as may be necessary to promote the Committee's
interest and objectives; and

      (j) Perform other legal services as may be required and are
deemed to be in the Committee's interests in accordance with the
its power and duties as set forth in the Bankruptcy Code.

The Committee requested that all legal fees and related costs and
expenses it incurs on account of services rendered by Akin in the
bankruptcy proceedings be paid as administrative expenses of the
estates. Akin will charge for its legal services on an hourly
basis in accordance with its standard hourly rates in effect on
the date such services are rendered. The standard hourly rates
currently charged by Akin for professionals and paraprofessionals
employed in its offices are as follows:

           Partners                 $360 to $615
           Associates and counsel   $160 to $425
           Paraprofessionals        $ 60 to $150

These hourly rates are subject to periodic adjustments to reflect
economic and other conditions.

The Akin professionals presently expected to have primary
responsibility for providing services to the Committee, and their
hourly rates, are as follows:

           Daniel H. Golden         Partner           $615
           Martine De Witt          Partner           $385
           Ira S. Dizengoff         Partner           $425
           Shuba Satyaprasad        Associate         $255

It may be necessary from time to time for additional
professionals with Akin to provide services to the Committee.

Daniel H. Golden, a member in Akin Gump, told Judge Wizmur that
Akin does not represent and does not hold any interest adverse to
the Debtors' estate or their creditors in the matters upon which
Akin is to be engaged, and is disinterested within the meaning of
the Bankruptcy Code. In the interests of full disclosure,
however, Mr. Golden advised that the firm has represented, and
continues to represent, certain parties in interest, such as Bank
Artesia, Centigram, Inc., Deutsche Bank, General Electric Capital
Corporation, Merrill Lynch Asset Management,
PricewaterhouseCoopers, U. S. Trust Company of New York, and
Wilmington Trust Company. The firm has represented in the past,
but no longer does represent, Bryan Cave, LLP, Excalibur
Technologies N.V., JVC Victor Company of Japan, Patton Boggs LLP,
Shawmut Bank Connecticut N.A., and State Street Bank & Trust
Company. However, none of these representations involved matters
adverse to the Committee or related to these Chapter 11 estates.

After consideration of the Committee's request, Judge Wizmur has
authorized employment of this firm for the purposes and for the
compensation stated in the Application. (L&H/Dictaphone
Bankruptcy News, Issue No. 4; Bankruptcy Creditors' Service,
Inc., 609/392-0900)


LERNOUT & HAUSPIE: Court Gives Final Nod on $60MM DIP Financing
---------------------------------------------------------------
Lernout & Hauspie Speech Products NV (EASDAQ:LHSP, OTC:LHSPQ), a
world leader in speech and language technology, products and
services, announced that the U.S. Bankruptcy Court for the
District of Delaware granted final approval of a 13-month $60
million Debtor in Possession financing facility to be provided to
L&H and its affiliates, including Dictaphone Corp. and L&H
Holdings USA, Inc (formerly known as Dragon Systems).

Approximately $10 million of the new DIP financing proceeds will
be used to fully repay GE Capital for the funds utilized under
the terms of the Company's prior DIP financing agreement.
Philippe Bodson, L&H's President and CEO, said, "This new
financing facility represents another important milestone in our
restructuring effort, and will help L&H and its affiliates to
continue meeting their operating requirements for the foreseeable
future."


LOEWEN GROUP: Ten Hawaiian Debtors to Sell Assets for $25,000,000
-----------------------------------------------------------------
As part of The Loewen Group, Inc.'s Disposition Program and
Global Bid Procedures Program, Nakamura Mortuary, Inc. and
certain other Selling Debtors sought the Court's authority to:
(a) sell the funeral home and cemetery businesses and related
assets at the Sale Locations to the Purchaser that the Debtors
determine has submitted the highest and best offer, free of all
liens, claims and encumberances; and (b) assume and assign to the
Purchaser executory contracts and unexpired leases, pursuant to
section 363 of the Bankruptcy Code.

The Selling Debtors agreed to sell and RightStar International,
Inc. (the Initial Bidder) agreed to purchase certain Sale
Locations of the Debtors, including substantially all personal
property located there or used exclusively in connection with the
businesses conducted at the Sale Locations, at a purchase price
of $ 25,000,000 pursuant to an Asset Purchase Agreement dated
January 25, 2001.

The Sale Locations are:

      (1) Homelani Memorial Park (5594) in Hilo, HI 96720
      (2) Kona Memorial Park (5595) in Holualoa, HI 96725
      (3) Diamond Head Mortuary (3370) in Honolulu, HI 96816
      (4) Kukui Mortuary (3368) in Honolulu, HI 96817
      (5) Nuuanu Mortuary (3367) in Kaneohe, HI 96744
      (6) Windward Mortuary (3369) in Kaneohe, HI 96744-4598
      (7) Ordenstein's Hawaiian Memorial Park Mortuary (3457) in
          Kaneohe, HI 96744
      (8) Ordenstein's Williams Funeral Services (3418) in
          Kaneohe, HI 96744
      (9) Maui Memorial Park (5844) in Wailuku, HI 96793
     (10) Nakamura Mortuary, Inc. (3598) in Wailuku, HI 96793
     (11) Valley of the Temples Memorial Park (2270) in Kaneohe,
          HI 96744
     (12) Windward Mortuary (3471) in Kaneohe, HI 96744

The Ten Hawaiian Debtors selling their assets are:

      * Alternative Acquisition, Inc.
      * Associated Memorial Group, Ltd.
      * Hawaiian Memorial Park Mortuary Corporation
      * Maui Memorial Park, Inc.
      * Nakamura Mortuary, Inc.
      * Valley of the Temples Mortuaries, Ltd.
      * Windward Crematory, Inc.
      * Maui Funeral Plan, Inc.
      * 50th State Funeral Plan, Ltd.
      * The Center for Pre-Arranged Funeral Planning, Inc.

The Initial Bidder paid to the Selling Debtors a Deposit in the
amount of $1,000,000 in the form of two letters of credit, upon
the execution of the Purchase Agreement dated January 25, 2001
and agreed to pay the remainder of the Purchase Price at the
closing.

Any Qualified competing bid must exceed $25,900,000 i.e. 3% above
the Purchase Price. Any entity that desires to submit a competing
bid for the Sale Locations may do so in accordance with the
Bidding Procedures approved by the Disposition Order.

The Initial Bidder is entitled to Expenses in the amount of
$150,000 if the Selling Debtors fail to consummate the
Transaction contemplated by the Purchase Agreement, but only if
the failure to consummate the Transaction is because (i) the
Selling Debtors accept a higher or better offer from another
entity and actually close the sale with, and receive the Purchase
Price from such entity, or (ii) the Selling Debtors materially
breach their obligations under the Purchase Agreement and the
Initial Bidder does not materially breach its obligations under
the Purchase Agreement.

Upon the Court's approval, all accounts receivable, transferable
permits and goodwill relating to the businesses conducted at the
Sale Locations will be transferred to the Initial Bidder. The
Initial Bidder agreed to assume all of the Selling Debtors'
rights and obligations under the Assignment Agreements.

The Initial Bidder agreed to pay, and to hold the Selling Debtors
harmless from all costs and expenses associated with the sale,
such as taxes, levies and license and registration fees.

Pursuant to section 365 of the Bankruptcy Code, and subject to
the Court's approval, the Selling Debtors will assume the 60
executory contracts and unexpired leases as agreed and listed in
an Exhibit to the motion. The Selling Debtors will subsequently
assign its rights and obligations under the Assignment Agreements
to the Initial Bidder. The Debtors do not believe that there are
any monetary defaults or cure costs associated with the
assumption and assignment of the Assignment Agreements. The
Debtors told the Court that they are continuing to review each of
the Assignment Agreements and will notify the nondebtor party to
an Assignment Agreement immediately if they identify any cure
obligation associated with that agreement.

The Debtors advised the Court that, under the Replacement DIP
Facility, the prior consent of the Debtors' postpetition lenders
is not required for the proposed sale to be consummate.

In accordance with the Net Asset Sale Proceeds Procedures, the
Debtors will use the proceeds generated to repay any outstanding
balances under the Replacement DIP Facility and deposit the net
proceeds into an account maintained by LGII at First Union
National Bank for investment, pending ultimate distribution on
court order.

Neweol would sell and the Initial Bidder would purchase certain
accounts receivable related to the Sale Locations, pursuant to a
purchase agreement between Neweol and the Initial Bidder. The
amount of the Neweol Allocation will be determined immediately
prior to closing. The Neweol Allocation will not be utilized or
deposited in the manner contemplated by the New Asset Sale
Proceeds Procedures. (Loewen Bankruptcy News, Issue No. 33;
Bankruptcy Creditors' Service, Inc., 609/392-0900)


LONDON FOG: Judge Walsh to Consider Confirmation on April 5
-----------------------------------------------------------
By order entered on February 2, 2001, th U.S. Bankruptcy Court,
District of Delaware, approved the Disclosure Statement of London
Fog Industries, Inc. and its debtor affiliates. On April 5, 2001,
at 2:00 PM, or as soon thereafter as counsel may be heard, a
hearing will commence before the Honorable Peter J. Walsh,
Wilmington, Delaware, to consider confirmation of the debtors'
amended joint plan of reorganization.


LUCENT TECHNOLOGIES: Fitch Cuts Senior Unsecured Rating To BBB-
---------------------------------------------------------------
Fitch has lowered the rating on Lucent Technologies Inc.'s senior
unsecured debt to `BBB-` from `A'.

The commercial paper rating was lowered to `F3' from `F1'. The
company has been removed from Rating Watch Negative and placed on
Rating Outlook Negative.

This rating action reflects the eroding credit protection
measures and several material concerns regarding this credit.
Lucent's focus on revenue growth created underlying problems in
its business due to the questionable economic decisions made to
meet revenue targets. The accelerated growth revealed weaknesses
in executing a unified business strategy and highlighted lagging
processes and systems. Additional issues, such as, unsustainable
expense structure, lack of cash flow orientation, missed product
introductions, and successive quarterly revisions caused Lucent's
credit measures to decline even further. The depth and breadth of
the restructuring announcement in Lucent's seven-point plan
emphasizes the severity of the situation. In regards to the
restructuring plan, Lucent must execute on the reductions in
workforce, rationalization of various product lines,
consolidation of corporate functions, and the elimination of
duplicate sales and marketing efforts to avoid placing additional
pressure on its credit rating.

Lucent's most pressing requirement is to finalize negotiations on
a new $4.5 billion credit facility required for liquidity in
2001. The credit facility, which will be secured with Lucent and
Agere assets, will give Lucent sufficient room to execute future
strategic initiatives. The unsecured debt will be subordinate to
this facility. Additional concerns surround the ability for
Lucent to execute the IPO of Agere due to general market
conditions. Upon completion of the IPO, Lucent will be able to
assign $2.5 billion of its credit facility to Agere. This credit
facility will be unsecured if Agere has a `2' short-term debt
rating and `BBB' long-term debt rating. The IPO is also expected
to provide Lucent with significant additional liquidity.

Resolution of the Rating Outlook is dependent on Lucent executing
the above concerns. The successful placement of the credit
facility along with the Agere IPO will remove the near-term
pressures for this credit. Longer term, the risk then moves to
the execution of its restructuring plans along with meeting its
aggressive revenue and cost control efforts.


LUCENT TECHNOLOGIES: Moves to Raise $6.5 Billion
------------------------------------------------
Lucent Technologies Inc. appears likely to succeed in its bid to
raise $6.5 billion by the end of the week, a development that
would remove some of the uncertainty clouding the company's
prospects, according to The Wall Street Journal.

The turning point came on Friday when Lucent's chief executive,
Henry Schacht, made a last-ditch defense of his restructuring
plan in a call to 30 bankers. Responses came in immediately after
the call, with at least a dozen lenders agreeing to participate
in the new financing plan. The successful bids for financing
would put fears of a debilitating cash crunch to rest and free
its executives to focus on a $1.6 billion restructuring and $2
billion cost-reduction plan.

The Murray Hill, N.J.-based telecommunications-equipment maker
had been having difficulty convincing the banks that financing
the company was still a sound notion. In December, Lucent
reported a $1.02 billion loss for the company's first quarter.
Few believe that Lucent has ever been in danger of going under,
but without fresh financing, many believed that the company might
have had to sell off more assets and further slash its workforce
to stay afloat. (ABI World, February 20, 2001)


MATLACK SYSTEMS: Considering Filing For Bankruptcy Protection
-------------------------------------------------------------
Matlack Systems, Inc., together with its subsidiaries is a bulk
transportation company that provides transportation of bulk
commodities in tank trailers and tank containers to the nation's
leading chemical and dry bulk shippers. In conjunction with bulk
transportation, the company also provides intermodal
transportation services, tank cleaning services, intermediate
bulk and ISO container cleaning services, logistics management
services and dedicated contract carriage services to the chemical
industry.

There are a number of factors and conditions that raise
substantial doubt about the company's ability to continue as a
going concern for a reasonable period of time, including:

      - The company has incurred net losses in four of the past
five years and increasing losses and declining revenues in the
last three years.

      - Net cash used in operations was $4,431,000 (including the
receipt of a $6,000,000 net insurance settlement) in 2000 and
$5,525,000 in 1999.

      - At September 30, 2000, retained earnings had a deficit of
$16,826,000.

      - At September 30, 2000, there was a working capital deficit
of $41,532,000.

      - At September 30, 2000, the company was in default and
violation of several financial ratios and covenants of its bank
credit agreement.

      - The existing bank credit agreement, of which $53,900,000
is outstanding as of September 30, 2000, was set to expire on
February 15, 2001, at which time all principal amounts, as well
as accrued interest, fees and expenses, would be due and payable
in full.

      - The group of banks sponsoring the existing bank credit
agreement has not committed to and may not provide additional or
alternative funding beyond the existing expiration date.

      - The company expects negative cash flows from operations to
continue in the immediate future and will require additional
sources of funding to continue operations.

      - The company has not had any success to date with respect
to securing alternative funding from other banks or financial
institutions.

The company's continuation as a going concern is primarily
dependent upon its ability to refinance its existing bank credit
facility or obtain an alternative source. Management currently is
negotiating with its current bank group in an effort to resolve
its financial issues.  In addition, the company is continuing its
efforts to dispose of non-core assets and streamline operations
commensurate with projected levels of demand. Where appropriate,
this includes, among other things, the termination of employees
and the cancellation of, or election not to renew, existing
contracts for services and materials.

In the event the company was unable to secure alternative
financing sources prior to the termination of the existing bank
credit facility on February 15, 2001, it is likely that any of
the following alternatives will be pursued: (1) negotiation with
the existing bank group for an additional extension of time in
order to secure alternative financing; (2) a sale of the company
as a whole or substantially all of its assets; or (3) filing for
protection under the United States Bankruptcy Code in order to
continue operations.


METAL MANAGEMENT: Bar Date For Filing Proofs of Claim is March 2
----------------------------------------------------------------
The U.S. Bankruptcy Court, District of Delaware entered an order
on January 25, 2001 in the case of Metal Management, Inc., et al.
establishing March 2, 2001 at 4:00 PM EST as the general Bar
Date, the last date and time for each person or entity to file a
proof of claim against any of the debtors; and May 18, 2001 at
4:00 PM EST as the governmental Bar Date, the last date and time
for governmental units only to file proofs of claim against the
debtors. The Bar Dates apply to all claims against the debtors as
of November 20, 2001, the Petition Date.


OWENS CORNING: Makes Pitch to Buy Napa, California, Real Property
-----------------------------------------------------------------
Owens Corning asks Judge Walrath to approve and authorize it to
consummate a purchase of real property in Napa, California, from
The Brown Trust.

The Napa Facility consists of approximately 24.51 acres of real
property located in the City of Napa, Napa County, California.
The Facility contains six buildings totaling 117,346 square feet,
as well as certain other improvements and fixtures. The Debtor
maintains certain of its "cultured stone" operations there;
specifically, the Debtor has a production line which
manufacturers cultured stone and a molding shop in which molds
for use in he production of cultured stone are manufactured. The
Debtor explains that "cultured stones" are, generally, artificial
stones and rock products made from concrete, and are used in home
and other construction.

The Debtor currently leases the Napa Facility from The Brown
Trust, a California family trust. The parties' lease grants the
Debtor the option to purchase the Napa Facility and the Brown
Trust's interest under the Lease. In consideration for granting
this option, the Brown Trust received an initial $70,000 fee,
plus an additional $8,000 per month, commencing January 1, 1997.
The present purchase price under the option is the fair market
value of the Napa Facility, plus the accumulated value of certain
option fees.

Separate and apart from the lease, the Brown Trust and the
Debtor, through a predecessor, Stone Products Corporation, are
parties to an "Option to Purchase Contract" signed in 1997,
giving an option on 12.8 acres. Under the terms of this option,
the Debtor paid the Brown Trust a $320,000 deposit for an option
to purchase a cerain parcel of property containing approximately
12.8 acrtes of land located adjacent to the Napa Facility. The
option price for this parcel is $320,000, the amount of the
deposit already posted. Based on a recent appraisal obtained by
the Debtor, the fair market value of this property is
approximately $590,000.

The Debtor, in the exercise of its business judgment, has
determined that it is in the best interest of the Debtor and its
creditors to exercise the option and purchase the Napa Facility.
The Debtor has therefore negotiated an early termination of its
lease and has entered into a Purchase & Sale Agreement with the
Brown Trust to purchase the Napa Facility. The basic terms of
this agreement are:

      (a) At closing the Debtor will purchase the Napa Facility
from The Brown Trust;

      (b) The purchase price of the Napa Facility will be
$6,000,000, less all purchase option fees paid prior to the
closing (excluding the initial $70,000 fee paid under the lease);

      (c) At closing, the Debtor will release and forfeit any
rights it may have with respect to the 12.8 acre option
agreement, and the $320,000 deposit provided under that option.

The Debtor estimates that the costs associated with the closing
will total approximately $70,000. By the closing date, the Debtor
estimates it will have made option payments in the approximately
amount of $400,000. Subject to these adjustments, under the
Purchase Agreement the Debtor will pay The Brown Trust
approximately $5,670,000 for the Napa Facility, exclusive of the
Debtor's relinquishment of rights under the 12.8 acre option
agreement. This figure was calculated as $6,000,000 minus
$400,000 of option payments, plus $70,000 of anticipated closing
costs for a total price of $5,670,000.

The Debtor argued that its operations at the Napa Facility are
central to its production and manufacturing of cultured stone.
The cultured stone business is a valuable unit of the Debtor's
overall business operations, and the Debtor intends to continue
its operations at the Napa Facility. It is financially more
prudent for it to purchase the Napa Facility because (i) a
comparison of the costs of leasing and of purchasing the Napa
Facility reveals that the Debtor will realize significant cost
savings if it purchases the facility, rather than continuing to
lease it; (ii) purchasing the Napa Facility at this time will
enable the Debtor to avoid making continued monthly lease an
option payments; (iii) if the Debtor extends the terms of the
lease for subsequent periods, the Debtor anticipates that its
monthly lease payments will increase significantly, as the lease
provides for adjustment of rental payments based on fair market
value lease rates, and rates in the areas surrounding the Napa
Facility are escalating; (iv) property values in the areas
surrounding the Napa Facility are increasing, and the Debtor
believes that the purchase of the Napa Facility will be a
valuable investment for the Debtor; (v) ownership of the Napa
Facility will provide maximum flexibility for the Debtor to
finance future improvements at the facility; and (vi) the Debtor
believes that any delay of the purchase of the Napa Facility may
create a significant risk to its ability to purchase the Facility
at the negotiated purchase price. The Debtors showed Judge
Walrath that a February 2000 appraisal of the Napa Facility
valued the property at $7,300,000, significantly more than the
agreed-upon purchase price and the loss of value represented by
the Debtor's proposed relinquishment of its rights under the 12.8
acre option agreement. (Owens Corning Bankruptcy News, Issue No.
9; Bankruptcy Creditors' Service, Inc., 609/392-0900)


PILLOWTEX CORP.: Paying Prepetition Independent Sales Agents
------------------------------------------------------------
In the ordinary course of their businesses, Pillowtex Corporation
employ independent contractors as sales agents to provide
customer support and marketing services. These sales agents
number some 90 individuals or companies in the United States and
approximately 20 individuals or companies in foreign countries.
These agents are paid solely on a commission basis upon the
completion of a sale of the Debtors' good and services. As of
Petition Date, the Debtors owe commissions and related expenses
to the Sales Agents for services provided in connection with
sales completed prior to the Petition Date. These claims total
approximately $400,000.

The Debtors requested that Judge Robinson authorize payment of
these pre-petition claims. The Debtor told Judge Robinson that:

      (1) Sales agents are a major component of the Debtors' sales
force, and their activities generate substantial revenue for the
Debtors from the completion of commission sales, facilitating in
the past year alone an estimated $30 million in income for the
Debtors;

      (2) These agents serve as the primary, if not the sole,
interface between the Debtors and the customers in many cases and
in many instances have developed invaluable relationships with
Debtors' longstanding customers;

      (3) The support and continued employment of the Sales Agents
is absolutely essential to maintaining the Debtors' relationships
with numerous customers, and preserving the Debtors' ability to
generate revenue from sales to customers;

      (4) The Debtors may lose the services of most, if not all,
of the Sales Agents if their pre-petition claims are not paid;

      (5) The Debtors do not believe that they could easily or
quickly find effective replacement agents as some of the present
agents have built relationships with customers over time, and
some serve as the Debtors' only sales representative in certain
geographic territories; and

      (6) The potential costs of lost sales and damaged customer
relations that may result from the discontinued services of the
Sales Agents could well exceed the amount of the prepetition
claims.

By this Motion, the Debtors sought authority to pay, in their
sole discretion, the prepetition claims of sales agents, but
assured Judge Robinson that the Debtors will only pay those
claims of sales agents that agree, on terms satisfactory to the
Debtors, to provide ongoing postpetition services to the Debtors
without interruption.

Upon these assurances, Judge Robinson granted the relief
requested. (Pillowtex Bankruptcy News, Issue No. 4; Bankruptcy
Creditors' Service, Inc., 609/392-0900)


SAFETY-KLEEN: Hires Tauber & Balser to Pursue PwC Litigation
------------------------------------------------------------
In connection with the investigation of, and possible litigation
against, PricewaterhouseCoopers, Safety-Kleen Corp. sought Judge
Walsh's approval of the employment of Tauber & Balser, P.C., of
Atlanta, Georgia, as consultants to the Debtors retroactively to
the Petition Date.  T&B is to act as forensic accounting
consultants in connection with the investigation and prosecution
of potential claims by these estates against PwC. T&B will
analyze available financial information and develop additional
information as necessary to assist the Debtors.

Compensation will be paid to T&B on an hourly basis. T&B's
standard hourly rates are:

           Position                     Hourly Rate
           --------                     -----------
           Partner                      $ 250-330
           Manager                      $ 170-225
           Senior staff                 $ 150-165
           Staff                        $ 115-125
           Paraprofessional             $ 100-115

These rates are subject to adjustment on January 1 of each year.
The employees who will be principally assisting the Debtor are
Mark Murovitz and Richard Millman, whose hourly rates are $330.
Other T&B employees may provide assistance to the Debtors as
needed.

Mark I. Murovitz, a partner in Tauber & Baler, assured the Judge
that neither T&B nor any of its employees current represents any
interest adverse to the Debtors or their estates, and is a
"disinterested" person. However, Mr. Murovitz advises that T&B
employees may have advised in the past, and may advise in the
future, in unrelated situations where one or more parties
interested in this estate are involved, and may or may have
advised one or more parties in matters unrelated to these Chapter
11 cases. No other disclosures with regard to the firm's
disinterestedness were made. (Safety-Kleen Bankruptcy News, Issue
No. 13; Bankruptcy Creditors' Service, Inc., 609/392-0900)


SPINTEK GAMING: Trustee Agrees To $1MM Asset Sale To Davenport
--------------------------------------------------------------
The Chapter 7 trustee assigned to the Spintek Gaming
Technologies, Inc. case stated that he has agreed to sell the
estate's gaming assets to its largest creditor--Malcom C.
Davenport V--for more than $1 million. The trustee stated that
the sale is in the best interest of the bankruptcy state and
Company creditors. The Court scheduled a March 15th hearing on
the proposed sale. (New Generation Research, February 20, 2001)


STELLEX TECHNOLOGIES: Court Establishes April 12 Claims Bar Date
----------------------------------------------------------------
The U.S. Bankruptcy Court, District of Delaware, entered an order
on February 7, 2001, fixing the Bar Date for filing proofs of
claim in the Chapter 11 cases of Stellex Technologies, Inc., et
al.

Each entity that wishes to assert a claim against the debtors
that arose prior to September 12, 2000 shall file a written proof
of such claim, with all supporting documentation so as to be
received by Bankruptcy Services, LLC, New York, on or before
April 12, 2001 at 4:00 PM.


UNAPIX ENTERTAINMENT: Proposes March 31 General Claims Bar Date
---------------------------------------------------------------
Unapix Entertainment, Inc., et al., the debtors, sought a court
order fixing a bar date for the filing of proofs of claim for
pre-petition claims against and interests in the debtors.

The debtors, together with their investment banker, Salem
Partners, LLC, are in the process of soliciting offers for a
transaction that may form the basis for the debtors' plan of
reorganization. The terms of the debtors' post-petition financing
with General Electric Capital Corp. require the debtors to obtain
a letter of intent in connection with such transaction by
February 15, 2001. The debtors requested that the Court fix March
31, 2001 as the Bar Date in these cases for the filing of proofs
of pre-petition claims against and interests, in the debtors. The
establishment of the Bar Date will help to ensure that the
debtors' cases will continue to proceed in a timely and efficient
manner.


URBAN BOX: Auctions by Bid4Assets, Schottenstein & Continental
--------------------------------------------------------------
Bid4Assets, Schottenstein Bernstein Capital Group and Continental
Plants Corp., three leading full-service asset disposition firms,
announced that they have been retained to auction assets from
Urban Box Office Network, Inc. The sale will include high-end
computer equipment, such as servers, desktops and monitors,
professional-grade video equipment, office equipment and more
valued at $2 million. The auction will be held in New York City
tomorrow, Feb. 23, 2001. The sale will also include surplus
assets from Deja.com and Gemkey.com.

Urban Box Office was a New York-based Internet company that
attempted to bridge the "digital divide" through a network of 11
Web sites that targeted urban youth. The company was founded in
1999, and raised a total of $37 million. Urban Box Office filed
for bankruptcy protection under Chapter 11 of the U.S. bankruptcy
code on November 2, 2000. The asset sale was approved by the U.S.
Bankruptcy Court, case no. 00-42-468 in the Southern District of
New York.

Details about the auction are available at
http://www.bid4assets.com/ubo.Asset inspection will be
available. Inspections are by appointment only and can be
arranged by calling Bid4Assets at (877) 427-7387 or by email at
service@bid4assets.com. Attendees are encouraged to pre-register
for the auction online at http://www.bid4assets.com/ubo.

           About Schottenstein Bernstein Capital Group

Schottenstein Bernstein Capital Group (SBCG) is a leading asset
disposition firm specializing in distressed and non-performing
assets. Schottenstein owns and operates retail businesses with
sales of more than $2 billion annually. For more than 25 years,
the asset recovery professionals of SBCG have helped hundreds of
clients convert under-performing inventories, receivables,
fixtures and real estate into cash. SBCG works with a wide range
of businesses, from healthy companies in transition desiring
liquidity for under-performing assets, to firms in Chapter 11
requiring appraisal and/or full liquidation service. Transactions
have ranged in value from $1 million to $500 million and store
groups from one to 500 across the U.S. and Canada. The company is
located in Great Neck, NY; phone (516) 829-2400, fax (516) 829-
2404.

                 About Continental Plants Corp.

Continental Plants incorporates more than thirty years of
experience conducting auction and liquidation sales in numerous
industries, including metal stamping & bending, plastics,
textile, food & beverage processing, specialty chemical
processing, as well as high-tech assets including computers and
network equipment as well as production facilities such as
circuit board plants. Additionally, Continental Plants manages
and implements strategic wind downs and sales of underperforming
and distressed commercial and industrial businesses. Continental
Plants has offices in New York, Beverly Hills and Montreal, phone
212-757-1800, fax (212) 757-0519, www.conplantseast.com.

                       About Bid4Assets

Bid4Assets, Inc. (http://www.bid4assets.com)is the premier full-
service asset disposition firm that specializes in selling assets
from distressed situations. The company sources assets from
financial institutions, government agencies, bankruptcies and
private industry. Bid4Assets combines a centralized Internet
marketplace with essential offline solutions to sell financial
instruments, real estate, intangible property, personal property
and bankruptcy claims to a worldwide network of sophisticated
buyers more quickly and efficiently than traditional methods.
Since its launch in November 1999, Bid4Assets has conducted more
than 2,700 auctions for assets in all fifty states. The company
is located in Silver Spring, Md., phone (301) 650-9193, fax (301)
650-9194.


WELLCARE MANAGEMENT: Hires Deloitte & Touche as New Auditors
------------------------------------------------------------
BDO Seidman LLP was the independent auditor for The WellCare
Management Group, Inc. for fiscal year ended December 31, 1999.
As of February 2, 2001, BDO was dismissed from this capacity.

BDO's report on the company's financial statements for the year
ended December 31, 1999 stated, "The WellCare Management Group,
Inc.'s recurring losses from operations, working capital deficit,
deficiency in assets and failure to maintain 100% of the
contingent reserve requirements of the New York State Department
of Insurance raise substantial doubt about its ability to
continue as a going concern."

The company's decision to dismiss BDO as its independent auditors
was recommended and approved by its Board of Directors. On
February 2, 2001, Deloitte and Touche, LLP was engaged by The
WellCare Management Group, Inc. as its independent auditors. The
engagement of Deloitte was recommended and approved by the
company's Board of Directors.


WHEELING-PITTSBURGH: Trustee Appoints New Trade Committee Members
-----------------------------------------------------------------
Donald M. Robiner, the United States Trustee for Ohio/Michigan
Region 9, has added three additional members to Wheeling-
Pittsburgh Steel Corp.'s Official Committee of Unsecured Trade
Creditors. These new members are:

      Noranda, Inc.
      c/o Trevor D'Sylva
      181 Bay Street, Suite 4100
      P. O. Box 755, Bankr.Ct.Dec. (CRR) Place
      Toronto, Ontario
      M5J2T3
      (416) 982-7160

      Teco Transport
      c/o Tim Bresnahan
      702 North Franklin Street
      Plaza 9
      Tampa, Florida 33602
      (813) 209-4229

      Tube City, Inc.
      c/o John Keyes
      P. O. Box 3500
      Pittsburgh, Pennsylvania 15230
      (423) 678-6141

(Wheeling-Pittsburgh Bankruptcy News, Issue No. 5; Bankruptcy
Creditors' Service, Inc., 609/392-0900)


                           *********


Bond pricing, appearing in each Monday's edition of the TCR, is
provided by DLS Capital Partners in Dallas, Texas.

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of interest to troubled company professionals. All titles are
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For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911. For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.


                           *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published by
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Group, Inc., Washington, DC USA. Debra Brennan, Yvonne L.
Metzler, Aileen Quijano and Peter A. Chapman, Editors.

Copyright 2001.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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