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/raid1/www/Hosts/bankrupt/TCR_Public/990223.MBXT R O U B L E D C O M P A N Y R E P O R T E R Tuesday, February 23, 1999, Vol. 3, No. 36 Headlines AMERITRUCK: Needs Time To Assume/Reject Leases AMPACE CORP: Seeks To Hire Real Estate Broker BISCAYNE APPAREL: Notice of Auction Sale BMJ MEDICAL: Committee Backs Employee Retention Program CARPETERIA INC: Files Chapter 11 Petition FPA MEDICAL MANAGEMENT: Expects To Complete Hearing 2/24 FRANKEL'S HOME: Court Approves $7.5 Million In Financing GENESIS MANUFACTURING: Seeks Extension of Exclusivity GENEVA STEEL: District Court Approves Credit Facility GENEVA STEEL: More Charges of Steel Dumping GOLDEN BOOKS: De-Listed By Nasdaq HOME HEALTH: Files For Bankruptcy HOSPITAL STAFFING SERVICES: Case Converted To Chapter 7 IONICA: Meeting of Creditors JOTAN INC: Judge Approves Sale To Victory Packaging LOGAN GENERAL: Wants To Sell Non-Health Care Holdings MAIDENFORM: Seeks Extension To Assume/Reject Leases NIAGRA MOHAWK: $3.45-Billion Financing Package NU-KOTE HOLDING: Net Loss of $9.8 Million For Quarter RINCON ISLAND: Order Extends Time To Assume/Reject Leases SALANT CORPORATION: Bar Date Set STORMEDIA INC: Seeks To Sell Certain Malaysian Assets THE J. PETERMAN: Interim Order Authorizes DIP Financing WHEELED ELECTRIC POWER: Seeks Conversion To Chapter 7 WINDSOR ENERGY US: Time Extension To Assume/Reject Leases WORLDWIDE DIRECT: Committee Objects To Sale WORLDWIDE DIRECT: Committee Objects To Special Counsel Meetings, Conferences and Seminars ********* AMERITRUCK: Needs Time To Assume/Reject Leases ---------------------------------------------- The debtors, AmeriTruck Distribution Corp., et al., seek a court order further extending the period within which the debtors must assume or reject leases of nonresidential real property. The debtors represent that they are currently working toward downsizing significantly, which includes the liquidation of some of the equipment that is currently parked and/or located at the leased properties. Rejecting the leases with respect to the properties that currently house equipment that the debtors ultimately intend to sell would result in significant moving costs tot he debtors. The debtors have identified approximately six of the leases that, in all probability, will either be assumed or assumed and assigned to a successor of the debtors. AMPACE CORP: Seeks To Hire Real Estate Broker --------------------------------------------- The debtors, Ampace Corporation and Ampace Freightlines, Inc. are seeking authorization to hire Trollinger Real Estate Professionals as the debtors' real estate broker. The debtors are selling two parcels of real estate in South Asheboro, North Carolina and the debtors seek authority to retain the firm as their real estate broker to market the properties. BISCAYNE APPAREL: Notice of Auction Sale ---------------------------------------- Notice of an intended auction sale was published in The Wall Street Journal on February 19, 1999. The sale is of substantially all of the assets of M&L International Inc., debtor. The Buyer, Amerex, Inc. and M&L International Group LLC has offered to purchase the assets for approximately $3.5 million in cash. The purchase is required to be closed on or before March 5, 1999 or by March 12, 1999 if additional time is required. The court will consider any higher or better offers for the assets at the auction. BMJ MEDICAL: Committee Backs Employee Retention Program ------------------------------------------------------- The Official Committee of Unsecured Creditors of BMJ Medical Management, Inc. responds in support of the debtors' emergency motion for entry of an order authorizing the employee retention program. The Committee asserts that the debtors have acute employee retention challenges, and that the debtors have modified the program to reduce potential administrative expenses to the estates. The Retention Program obligations have been reduced to $1.3 million total, and the carve-out has been increases to $300,000 directly for the benefit of general unsecured creditors. The Committee believes that the Retention program is reasonable and necessary under the circumstances. CARPETERIA INC: Files Chapter 11 Petition ----------------------------------------- The Los Angeles Daily News reports on February 20, 1999 that Carpeteria Inc., which recently closed several stores, filed Thursday for Chapter 11 bankruptcy protection. Details of the reorganization filing were not immediately available. Santa Clarita-based Carpeteria, founded in 1960 by brothers Harold and Ted Haserjian, owns about 16 floor-covering stores throughout the state. The doors on the company-owned stores were locked earlier this month, with merchandise still inside. The fate of those stores is up in the air as Carpeteria tries to reorganize its finances and stave off creditors through the bankruptcy filing. The Chapter 11 filing only involves company-owned Carpeterias and not the estimated 40 other Carpeterias in California, Nevada, Oregon and Pennsylvania that are operated by franchisees. All of the franchise-run Carpeterias are doing fine, said Ray Yeghiazarian, who owns three Carpeteria stores in Las Vegas. FPA MEDICAL MANAGEMENT: Expects To Complete Hearing 2/24 -------------------------------------------------------- At a hearing conducted on February 18, 1999, the U.S. Bankruptcy Court for the District of Delaware adjourned FPA Medical Management, Inc.'s (OTC Bulletin Board: FPAMQ) Disclosure Statement hearing to February 24, 1999, at which time FPA expects to complete the hearing. The Bankruptcy Court also rescheduled the confirmation hearing from March 25, 1999 to April 7, 1999. Upon approval of the Disclosure Statement, the Company will commence the solicitation of votes for approval of the Plan. FPA Medical Management, Inc. and various of its affiliates and subsidiaries filed petitions under Chapter 11 in the Bankruptcy Court in Wilmington on July 19, 1998 and various dates thereafter through August 7, 1998. FRANKEL'S HOME: Court Approves $7.5 Million In Financing -------------------------------------------------------- On February 18, 1999 the bankruptcy court approved $7.5 million in DIP financing for Frankel's Home Furnishings. The financing, which was provided by the company's existing lender, BankBoston Retail Finance, gives Frankel's almost $2 million in increased availability during its Chapter 11. "We are pleased with the support we have received from BankBoston. This DIP credit facility will give us the liquidity we need to continue our turnaround," said Joseph Nusim, President and CEO of Frankel's Home Furnishings. In other motions yesterday, the bankruptcy court also approved orders authorizing the company to continue its customer service programs - including refund, layaways and installation; pay employees and certain pre-petition shipping charges; and maintain existing bank accounts. Frankel's Home Furnishings, Inc. is headquartered in Port Washington, New York. Frankel's currently operates 194 stores and leased linen and flooring departments. GENESIS MANUFACTURING: Seeks Extension of Exclusivity ----------------------------------------------------- The debtor, Genesis Manufacturing Limited L.C., debtor, seeks an order extending the time period within which the debtor has the exclusive right to propose and file a plan of reorganization for a period of 120 days to and including June 28, 1999 and extending the time period within which the debtor may solicit acceptances of its plan of reorganization to and including August 27 1999. During the first three months of its case, the debtor has focused its efforts on implementing production improvements necessary to enhance its prospects of continuing in business as a viable Tier 1 GM parts supplier. The debtor has formulated a business plan for review with GM during the week of February 15. Debtor's objective is to garner support of GM, its sole customer and senior secured lender. Addition time is now needed to formulate a plan of reorganization centered on a business plan which contemplates a more diverse customer base while being able to realistically forecast sale s to GM. Absent this extension, the debtor believes that a competitor or investor may attempt to acquire the debtor's assets at a depressed or "at-cost" purchase price under a non- consensual plan, depriving unsecured creditors of the prospect of a recovery. GENEVA STEEL: District Court Approves Credit Facility ----------------------------------------------------- Geneva Steel (NYSE: GNVS) announced on February 22, 1999 that the U.S. District Court for the District of Utah has granted Geneva's motion to approve a new $125 million debtor-in-possession credit facility. The new credit facility, which will replace Geneva's existing line of credit, is intended to provide additional liquidity and strengthen Geneva's ability to continue serving customers and paying vendors in the ordinary course. Geneva management currently anticipates that the new credit facility will be completed today and funds will be available to Geneva shortly thereafter. "The Company is grateful for the Court's ruling," said Joseph A. Cannon, Chairman and Chief Executive Officer. "This important development should give confidence to our employees, customers, and suppliers." GENEVA STEEL: More Charges of Steel Dumping ------------------------------------------- The Clinton administration has done little to fend off cheap foreign steel that has flooded the U.S. market and threatened the domestic steel industry, three senators said Thursday. "My patience is running out on this thing," said U.S. Sen. Jay Rockefeller, D-W.Va., at a special hearing about the crisis. "It just kills me to see this industry being eroded . . . I will not quit. And I'm not afraid of anything or anybody." Union and steel company representatives testified before Rockefeller and Sens. Arlen Specter and Rick Santorum, both Pennsylvania Republicans, at the hearing in Pittsburgh. The senators, who belong to the Senate Steel Caucus, criticized Clinton for reacting too slowly to foreign countries' steel dumping. They urged support for legislation -- co-sponsored by Specter and Rockefeller -- that would limit the practice. Although Utah's Geneva Steel has joined with other companies in the industry in the past in filing similar complaints, it now has other more immediate problems with which it must deal. Geneva representatives were in U.S. District Court in Salt Lake City again Thursday pressing Judge J. Thomas Greene to approve new financing that will allow the company to continue to keep its doors open while it attempts to reorganize under Chapter 11 bankruptcy. Greene has indicated he hopes to make a ruling on Geneva's request by Monday at the latest. Rockefeller acknowledged that so-called "quota legislation" probably will have a hard time passing Congress, especially because only 16 states are major steel producers. But he warned similar dumping could occur in any industry and said it was important to send a message to foreign producers. "I don't believe in protectionism," said Rockefeller. But he added, "On this one, I draw the line, because other countries are taking advantage of us." On Friday, the Clinton administration found that Japan and Brazil sold steel in U.S. markets at prices dramatically below production costs or home-market prices. That finding triggers a full investigation that could lead to tariffs of up to 71 percent by this summer. But to Specter, Clinton's action was "too little, and it's too late." "What we need is relief," Specter said. The finding "does not help the steelworker who has lost his job." Those who testified at the hearing expressed dismay that Friday's finding applied to just two countries and only hot-rolled steel. Leading steel companies and the United Steelworkers of America on Tuesday filed import complaints accusing eight countries of dumping: the Czech Republic, France, India, Indonesia, Italy, Japan, Macedonia and South Korea. The new complaints involve cut-to-length plate steel. Imports of that product have increased 521 percent from those countries since 1995, the industry said. The U.S. International Trade Commission has 45 days and the Commerce Department 160 days to make a preliminary determination of injury that could lead to new tariffs on steel exports from those countries. Andrew "Lefty" Palm, Pennsylvania director of the United Steelworkers, said more people could be laid off in the industry in July when the union's contract, which includes a no-layoff clause, runs out. "You may see another 75,000 steelworkers, or more, suddenly unemployed?" Rockefeller said. "Oh, God, yes," Palm answered. Paul Bucha, chairman of the board at Wheeling-Pittsburgh Steel Corp., said his company was not relying on either Clinton or Congress to stop dumping. GOLDEN BOOKS: De-Listed By Nasdaq --------------------------------- The Wisconsin State Journal reports on February 19, 1999 that Golden Books Family Entertainment, the troubled children's book maker whose stock veered wildly Tuesday, has been delisted from the NASDAQ Stock Market. A NASDAQ spokesman said the stock now trades as a bulletin- board stock. The exchange cited Golden Books' below-the- minimum bid price and market value. The move comes after the exchange halted trading in Golden Books all day Wednesday. That decision followed a fantastic run-up and drop-off in the stock price Tuesday, as investors learned first that Golden Books was about to sell its products online, and then heard on CNBC that the company was expected to announce a bankruptcy reorganization that would drain value from its stock price. On Wednesday, Golden Books, which has its most extensive operations in Racine, confirmed it was in talks with creditors to reorganize its debt. On Tuesday, Golden Books Family Entertainment's stock closed at $1.50. HOME HEALTH: Files For Bankruptcy --------------------------------- The St. Petersburg Times reports on February 20, 1999 that Home Health Corporation of America Inc., based in King of Prussia, Pa., filed to reorganize under Chapter 11 in U.S. Bankruptcy Court in Delaware. The home health company, which has five offices in the Tampa Bay area, said it had severe cash flow problems because of changes in Medicare reimbursement for home health visits and payment delays and denials by managed care providers. One of Home Health's largest creditors is Dependable Home Care, a Treasure Island company owed $291,667. Home Health officials were not available to comment on what, if any, impact the Chapter 11 filing would have on its local work force. HOSPITAL STAFFING SERVICES: Case Converted To Chapter 7 ------------------------------------------------------- Commercial Appeal Memphis TN reports on February 20, 1999 that Hospital Staffing Services Inc.'s Chapter 11 bankruptcy case was converted Friday to Chapter 7, which means the company will be liquidated. HSS owns Memphis-based Mid-South Home Health, which closed Wednesday after the parent company's lender did not fund the Feb. 12 payroll. Mid-South has about 300 employees in Tennessee and Mississippi. About 70 live in the Memphis area. HSS filed for the voluntary bankruptcy last March. Florida- based Capital Factors, a division of Union Planters Corp., had provided financing for HSS to continue operating. HSS attorney Bart Houston said the company owes Capital Factors $7 million. Executives at Capital Factors said they cannot comment on the decision to cut off funding to HSS. Most Mid-South employees are owed at least three weeks pay. Houston said the bank heads the list of creditors to be repaid when HSS is liquidated. But he believes the former employees' chances of being paid are pretty high because the Department of Labor is going to intervene on their behalf. IONICA: Meeting of Creditors ---------------------------- A Chapter 11 bankruptcy case was filed on December 11, 1998 concerning the debtor corporation Ionica plc Sectorsshape Ltd; Ionica L3 Ltd. The attorney for the debtor is David C.L. Frauman, Cadwalader, Wickersham & Taft, 100 Maiden Lane New York, NY 10038. A meeting of creditors will be held on March 16, 1999 at 3:30 PM at the Office of the United States Trustee, 80 Broad Street, Second floor, New York, NY 10004-1408. JOTAN INC: Judge Approves Sale To Victory Packaging --------------------------------------------------- Bankruptcy Judge Jerry A. Funk last week approved the sale of Jotan Inc.'s industrial packaging and shipping supplies distribution business, according to The Florida Times-Union. Jotan, based in Jacksonville, Fla., is selling most of its business to Dalton Box and Container Inc., Dalton, Ga., for an estimated $3.2 million, and some of its distribution operations in Michigan to Houston-based Victory Packaging Inc. for $1.4 million. Jotan's operations will be renamed Merit Container, which is a subsidiary of Dalton Box. Jotan is also liquidating its subsidiary Southland Container Packaging Corp., which distributes supplies to the moving and storage industry. Victory Packaging plans to buy one of the Los Angeles Southland locations, but that is subject to approval on April 1. Jotan filed chapter 11 in November, with liabilities of about $54 million. Creditors and shareholders are not expected to receive any distributions from the sales. (ABI 22-Feb-99) LOGAN GENERAL: Wants To Sell Non-Health Care Holdings ----------------------------------------------------- Attorneys for Logan General Hospital told Bankruptcy Judge Ronald G. Pearson at a hearing last week that they want to sell 23 houses, office buildings and other parcels of property to eliminate its non-health care related holdings, The Charleston Gazette reported. They also told the judge of a $37.5 million price set for FountainPlace Mall. The hospital had helped in funding the development of the mall. Logan General, which filed chapter 11 in October, also received an extension on filing its plan until May 3. The hospital's plan may include affiliating with other area hospitals or selling to a hospital chain. Judge Pearson is expected to rule on the hospital's proposed sale this week. (ABI 22-Feb-99) MAIDENFORM: Seeks Extension To Assume/Reject Leases --------------------------------------------------- The debtors, Maidenform Worldwide, Inc., et al., seek a court order extending the period within which the debtors may assume or reject unexpired leases of nonresidential real property. The debtors wish to extend the period within which they must assume or reject any remaining unexpired Carved-Out lease from its current expiration on March 1, 1999 through and including August 1, 1999. The Carve-Out leases pertain to 29 retail outlet stores located throughout the United States. The debtors need additional time to analyze individual store performance, and the debtors must complete their longer term business planning process with respect to individual outlet store leases, because the longer term plan will determine the future direction of the Retail Division. NIAGRA MOHAWK: $3.45-Billion Financing Package ---------------------------------------------- The Central NY Business Journal reports on January 29, 1999 that Niagara Mohawk has finalized a deal that will stabilize its financial foundation by freeing it from escalating payments to independent power producers (IPPs). The $3.45-billion package, however, will mean more debt at the outset. According to NiMo spokeswoman Kerry Burns, the utility giant was so heavily in debt it was heading for bankruptcy, thanks to commitments made to the IPPs under radically different market conditions in the 1980s. Burns said that, although NiMo is taking on a substantial debt in the relatively short term, it expects to save approximately $5 billion over the next 15 years, thereby reducing prices for its customers. The settlement agreement is a variation on the old adage, "You have to spend money to make money." In this case, NiMo is spending billions to save even more billions. In the end, NiMo believes the restructuring will benefit not only the company, but also the manufacturing, business, and residential economy of the region. Copyright Central New York Business Journal Jan 29, 1999(Copyright UMI Company 1999) NU-KOTE HOLDING: Net Loss of $9.8 Million For Quarter ----------------------------------------------------- The Tennessean reports on February 19, 1999 that Franklin- based Nu-kote Holding announced a net loss of $9.8 million for its fiscal quarter ended Dec. 25, an improvement from a $15 million loss for the year-earlier period. The imaging supplies maker attributed the smaller loss to improved gross margins, lower selling, general and administrative spending and reduced restructuring costs. Net sales for the recent quarter were $59 million, a 16% decline from sales for the same period in 1997. Shares of Nu-kote, which filed for bankruptcy last November, rose yesterday 3 cents to 23 cents. RINCON ISLAND: Order Extends Time To Assume/Reject Leases --------------------------------------------------------- The Honorable Donald D. Sullivan entered an order on February 10, 1999 providing that the debtor, Rincon Island Limited Partnership has up and through and including the date Windsor confirms a plan of reorganization to assume, assume and assign, or reject any unexpired leases of non- residential real property. SALANT CORPORATION: Bar Date Set -------------------------------- Creditors and other parties who wish to assert a claim against the debtor, Salant Corporation, that arose prior to December 29, 1998, the date the Chapter 11 case was filed, must file a written proof of claim on or before 4:30 PM, March 12, 1999. STORMEDIA INC: Seeks To Sell Certain Malaysian Assets ----------------------------------------------------- The debtors, Stormedia Incorporated and its debtor affiliates seek to sell certain assets located at the Kulim facility in Malaysia. The agreement is between debtor Strates Sdn. Bhd., seller and Kobe Steel Ltd. and Nippon Sheet Glass Co., Ltd., buyers. The total purchase price is $8,386,000. There are certain conditions to closing, and if the seller terminates the agreement prior to closing, liquidated damages of $850,000 are payable to the buyer. THE J. PETERMAN: Interim Order Authorizes DIP Financing ------------------------------------------------------- On February 16, 1999 the court entered an order stating that the final hearing on the motion is continued until February 23, 1999. The authorization granted to the DIP in the agreed interim orders to use the cash collateral of the Agent is extended to February 22, 1999. The Lender has agreed to loan to the DIP up to a gross amount of $2,795,000 during the Interim Financing Period. As reported previously, if the DIP does not obtain an order from the court before February 23 authorizing the DIP to sell all or substantially all of its assets for an amount sufficient to satisfy the indebtedness, the DIP shall immediately commence a liquidation of its assets. WHEELED ELECTRIC POWER: Seeks Conversion To Chapter 7 ----------------------------------------------------- The debtor, Wheeled Electric Power Company seeks a court order converting its Chapter 11 reorganization case to a liquidation case under Chapter 7 of the Bankruptcy Code. Following denial of the Sale Motion to Energy Advisors, LLC, the debtor determined that it lacked sufficient available cash to make payments necessary to continue the day-to-day operation of its business. The debtor defaulted on a number of its payment obligations to energy suppliers, and such services were terminated. The debtor is currently out of the retail energy business, other than for purposes of collection of billed and unbilled receivables. There remains no prospect for a reorganization or realistic sale of its assets. WINDSOR ENERGY US: Time Extension To Assume/Reject Leases --------------------------------------------------------- The Honorable Donald D. Sullivan entered an order on February 10, 1999 providing that the debtor, Windsor Energy US Corporation has up and through and including the date Windsor confirms a plan of reorganization to assume, assume and assign, or reject any unexpired leases of non- residential real property. WORLDWIDE DIRECT: Committee Objects To Sale ------------------------------------------- The Official Committee of Unsecured Creditors of Worldwide Direct, Inc., et al. objects to the debtors' motion for orders authorizing sale of substantially all the assets of the estates. Pursuant to an asset purchase agreement, the debtors are seeking approval of the sale to AT&T for a purchase price of $192,500,000. The agreement also provides for a break up fee of $6 million and $2 million in attorneys' fees and costs. The Committee states that the sale procedures will not facilitate a fair auction process, and that it is unrealistic to require bidders to compete with AT&T on such an accelerated schedule. The Committee complains that the debtor did not file its schedules and statement of financial affairs on time, and according to the AT&T sale motion, SmarTalk's trade payables and related indebtedness are estimated to be in excess of $40 million. The Committee states that this is clearly a complex asset sale with unusually restrictive and burdensome provisions which hamper the Committee's ability to understand and evaluate the sale and any prospective purchaser from participating in what should be a fair auction process. In addition to the objection to the asset purchase agreement, the Committee also objects to the granting of interim approval of a DIP financing facility with AT&T. The debtors seek approval to enter into the AT&T Credit Facility providing for $10 million in DIP financing. Among other things, the Committee objects to the default provisions and the carve-out provisions as being unreasonable. The Indenture Trustee, Wilmington Trust Company, representing the holders of certain Notes with an outstanding principal amount of l$150 million plus accrued interest, supports the Committee's objection to the motion for the sale of assets, and states that the debtors have not adequately demonstrated the need to proceed on the extraordinarily short timetable, which together with the requirements of the auction rules have the effect of chilling the bidding. The Indenture Trustee also objects to the motion for an order granting interim approval of DIP financing facility with AT&T, stating that it supports the objections of the Committee, and adds that its provisions are unreasonable, particularly that if AT&T is outbid at the auction, the debtors will have only 5 days to obtain alternative financing. WORLDWIDE DIRECT: Committee Objects To Special Counsel ------------------------------------------------------ The Official Committee of Unsecured Creditors of Worldwide Direct, Inc., et al., objects to the debtors' application for authority to hire Dewey Ballantine, LLP. The debtor seeks to hire the firm to assist the debtors' bankruptcy counsel in various corporate and tax matters in connection with these cases. The Committee asserts that there is a close relationship between the Dewey Ballantine and the debtors which is a conflict of interest with respect to matters for which the debtors seek the firm's employment. The debtor s may sell their assets to AT&T or a higher bidder, and Dewey Ballantine could provide advice regarding the sale, however, as a creditor and shareholder of the debtors, the firm and Robert Smith, a member of the firm, have a pecuniary interest in the transaction. The Committee states that in addition to conflict issues it is concerned about duplicative and unnecessary expenses to the estate. Meetings, Conferences and Seminars ---------------------------------- Febraury 28-March 3, 1999 NORTON INSTITUTES ON BANKRUPTCY LAW Norton Bankruptcy Institute I Olympic Park Hotel, Park City, Utah Contact: 1-770-535-7722 March 18-21, 1999 NORTON INSTITUTES ON BANKRUPTCY LAW Norton Bankruptcy Litigation Institute II Flamingo Hilton Hotel, Las Vegas, Nevada Contact: 1-771-535-7722 March 19, 1999 AMERICAN BANRKUTPCY INSTITUTE Bankruptcy Battleground West Century Plaza Hotel, Los Angeles, California Contact: 1-703-739-0800 March 25-26, 1999 The American Law Institute -- American Bar Association Committee on Continuing Professional Education Commercial Securitization for Real Estate Lawyers Doubletree La Posada Resort, Scottsdale, Arizona Contact: 1-800-CLE-NEWS March 25-27, 1999 Southeastern Bankruptcy Law Institute, Inc. 25th Annual Southeastern Bankruptcy Law Institute Marriott Marquis Hotel, Atlanta, Georgia Contact: 1-770-451-4448 April 5-6, 1999 PRACTISING LAW INSTITUTE 21st Annual Current Developments in Bankruptcy and Reorganization Conference PLI Conference Center, New York, New York Contact: 1-800-260-4PLI or info@pli.edu April 15-18, 1999 AMERICAN BANRKUTPCY INSTITUTE Annual Spring Meeting J.W. Marriott, Washington, DC Contact: 1-703-739-0800 April 19-20, 1999 PRACTISING LAW INSTITUTE 21st Annual Current Developments in Bankruptcy and Reorganization Conference Grand Hyatt, San Francisco, California Contact: 1-800-260-4PLI or info@pli.edu April 22-23, 1999 AMERICAN LAW INSTITUTE -- AMERICAN BAR ASSOCIATION COMMITTEE ON CONTINUTING PROFESSIONAL EDUCATION Conference on Revised Article 9 of the Uniform Commercial Code Sheraton New York Hotel, New York, New York Contact: 1-800-CLE-NEWS April 22-25, 1999 COMMERCIAL LAW LEAGUE OF AMERICA 69th Annual Chicago Conference Westin Hotel, Chicago, Illinois Contact: 1-312-781-2000 or clla@clla.org April 26-27, 1999 RENAISSANCE AMERICAN CONFERENCES & BEARD GROUP, INC. Bankruptcy Sales, Mergers & Acquisitions The Mark Hopkins, San Francisco, California Contact: 1-903-592-5169 or ram@ballistic.com April 28-30, 1999 INTERNATIONAL FEDERATION OF INSOLVENCY PROFESSIONALS INSOL Bermuda '99 Conference of the Americas Castle Harbour Marriott Resort Contact: INSOL@weil.com April 30-May 4, 1999 INTER-PACIFIC BAR ASSOCIATION Annual Meeting and conference, including a one-day program on cross-border insolvencies Shangi-La Hotel, Bangkok, Thailand Contact: 011-66-2-233-0055 May 28-31, 1999 COMMERCIAL LAW LEAGUE OF AMERICA 51st Annual New England District Meeting Equinox Resort, Manchester Village, Vermont Contact: 1-413-734-6411 June 3-6, 1999 AMERICAN BANRKUTPCY INSTITUTE Central States Bankruptcy Workshop Grand Traverse Resort, Traverse City, Michigan Contact: 1-703-739-0800 July 1-4, 1999 NORTON INSTITUTES ON BANKRUPTCY LAW Western Mountains Bankruptcy Law Institute Jackson Lake Lodge, Jackson Hole, Wyoming Contact: 1-770-535-7722 July 10-15, 1999 COMMERCIAL LAW LEAGUE OF AMERICA 105th Annual Convention Chateau Mont Tremblant, Mont Tremblant, Quebec Contact: 1-312-781-2000 or clla@clla.org July 15-18, 1999 AMERICAN BANRKUTPCY INSTITUTE Northeast Bankruptcy Conference Mount Washington Hotel & Resort Bretton Woods, New Hampshire Contact: 1-703-739-0800 August 4-7, 1999 AMERICAN BANRKUTPCY INSTITUTE Southeast Bankruptcy Workshop The Ritz-Carlton, Amelia Island, Florida Contact: 1-703-739-0800 August 29-September 1, 1999 NATIONAL ASSOCIATION OF BANKRUPTCY TRUSTEES 1999 Convention Grove Park Inn, Asheville, North Carolina Contact: 1-803-252-5646 or info@nabt.com September 16-18, 1999 AMERICAN BANRKUTPCY INSTITUTE Southwest Bankruptcy Conference The Hotel Loretto, Santa Fe, New Mexico Contact: 1-703-739-0800 December 2-4, 1999 AMERICAN BANRKUTPCY INSTITUTE Winter Leadership Conference La Quinta Resort & Club, La Quinta, California Contact: 1-703-739-0800 The Meetings, Conferences and Seminars column appears in the TCR each Tuesday. Submissions via e-mail to conferences@bankrupt.com are encouraged. ********* The Meetings, Conferences and Seminars column appears in the TCR each Tuesday. Submissions via e-mail to conferences@bankrupt.com are encouraged. Bond pricing, appearing in each Friday edition of the TCR, is provided by DLS Capital Partners, Dallas, Texas. 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 Bankruptcy Creditors' Service, Inc., Princeton, NJ, and Beard Group, Inc., Washington, DC. Debra Brennan and Lexy Mueller, Editors. Copyright 1999. All rights reserved. ISSN 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The TCR subscription rate is $575 for six months delivered via e-mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each. For subscription information, contact Christopher Beard at 301/951-6400. * * * End of Transmission * * *