TCR_Public/000727.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, July 27, 2000, Vol. 4, No. 146


APPLIED THERMAL: Files Chapter 11
ASPLUND COFFEE:  Case Summary and 20 Largest Unsecured Creditors
BREED TECHNOLOGIES: Seeks Extension of Time To Remove Actions
DRKOOP.COM: Milberg Weiss Announces Class Action Suit
ELECTRO-PLATING:  Case Summary and 20 Largest Unsecured Creditors

GRACE COMMUNITY: Purchased by E.C.C.
HARNISCHFEGER: Equity Applies To Employ Goldin As Advisor
HARNISCHFEGER: Protests Against Chase Manhattan in Australia
KEATHLEY AVIATION: May File For Chapter 7 Liquidation
LE'SLAM SPORTS BAR: To File For Bankruptcy; Closed Since Friday

MEDPARTNERS PROVIDER: Order Approves Stipulation
LEASING SOLUTIONS: Court Authorizes Sale to MLSC
LEVITZ FURNITURE: Net Loss of $66.9 Million For Fiscal Year
MARINER: Motion To Assume JCE and Fichera Agreements/Amendments
MCA FINANCIAL: Order Approving Disclosure Statement

MMH HOLDINGS: Seeks To Implement Employee Retention Program
MOSSIMO INC: Announces Dismissal of Involuntary Petition
PAGENET: Receives Approval of Motions from Bankruptcy Court
PLANET HOLLYWOOD: Launches New Web Page
RANDALL'S ISLAND: Sale of Certain Non-Residential Real Property

RECOM SYSTEMS: Drops Chapter 7 for Chapter 11
SHARPSVILLE QUALITY: Filed for Chapter 11 Bankruptcy
SILVER CINEMA: Theatres To Remain Open
SOUTHERN MINERAL:  Confirmation of Plan of Reorganization
TEXAS HEALTH ENTERPRISES: Objections to Disclosure Statements
US DIAGNOSTICS: Shareholders To Sell 70 Facilities


APPLIED THERMAL: Files Chapter 11
A Tulsa firm that designs heat transfer equipment has
laid off all but five of its 22 employees after filing for
Chapter 11 bankruptcy.   Applied Thermal Systems Inc. "needs some
breathing room," said Neal Tomlins, attorney for the firm.  It is
engaged in "highly specialized" work for power plants.

In its filing with the Bankruptcy Court for the Northern
District of Oklahoma in Tulsa, the firm claimed assets of $ 5.8
million and debts of $ 7.25 million.

Among the 20 largest creditors owed $ 4.62 million are five
Tulsa-area firms, two firms from the Oklahoma City area and three
Canadian companies.

The court filing listed the Oklahoma City area firms as ESCOA,
owed $ 409,829, and Petrofab Inc. of Moore, owed $ 88,384.
The largest creditor listed was Express Metal Fabricators of
Locust Grove, which is owed $ 1.66 million.

Tomlins said Charles A. Martin, president, owns all the stock in
Applied Thermal Systems.
ASPLUND COFFEE:  Case Summary and 20 Largest Unsecured Creditors
Debtor:  Asplund Coffee Company, Incorporated
          14295 James Road, Suite 200
          Rogers, MN 55274

Type of Business:  Roasts and distributes coffee

Chapter 11 Petition Date:  July 19, 2000

Bankruptcy Case No.:  00-33056

Judge:  Gregory F. Kishel

Debtor's Counsel:  William I. Kampf 53387
                    Kampf & Associates, P.A.
                    901 Foshay Tower
                    821 Marquette Avenue
                    Minneapolis MN 55402
                    Tel.:(612) 339-0522

Total Assets:  $ 1,412,877
Total Debts:   $ 1,898,493

20 Largest Unsecured Creditors

Ronnoco Coffe Co.                 $ 135,392

Cafe Imports                      $ 102,508

St. Paul Properties                $ 78,000

Liberty Carton                     $ 73,477

Probat                             $ 31,216

Impact Vending                     $ 27,598

McGarvey's/Superior                $ 25,971

Royal Cup Dine-Mor                 $ 23,194

Froehling Anderson                 $ 20,415

Pac One                             $ 9,597

Fetco                               $ 8,102

Winthrop & Weinstine                $ 7,800

Jobelle Coffee                      $ 7,713

Bryn Mawr Tire                      $ 5,849

Pitneyworks                         $ 5,530

Bloomfield                          $ 4,841

General Packaging                   $ 4,655

Sovran                              $ 4,417

Cecilware Corp                      $ 4,243

Overwrapps                          $ 4,099

BREED TECHNOLOGIES: Seeks Extension of Time To Remove Actions
The debtors, Breed Technologies, Inc., et al. seek entry of an
order extending the period within which the debtors may remove
actions pursuant to 28 USC section 1452 and Rule 9027 of the
Federal Rules of Bankruptcy Procedure.

The debtors seek entry of an order further extending the time by
which they may file notices of removal through and including
November 20, 2000 with respect to civil actions pending as of the
Petition Date.

The debtors claim that the extension sought will afford them an
additional opportunity to make fully informed decisions with
respect to removal of the pre-petition actions and will ensure
that the debtors do not forfeit valuable rights under Section
1452.  The debtors are a party to numerous actions in various
state and federal courts, but they have not had an opportunity to
fully develop a strategy for the pre-petition actions.

To date, the debtors have negotiated comprehensive settlements
with certain of its major customers and suppliers, including
General Motor Corporation and Atlantic Research Corporation.  The
debtors have filed their schedules and statements of financial
affairs as well as monthly operating reports.  The debtors
anticipate filing a plan of reorganization and accompanying
disclosure statement in the next few weeks.

DRKOOP.COM: Milberg Weiss Announces Class Action Suit
The law firm of Milberg Weiss Bershad Hynes & Lerach LLP
announces that a class action lawsuit was filed on July 20, 2000,
on behalf of purchasers of the securities of Inc.
("" or the "Company") (NASDAQ: KOOP) between June 8,
1999, and March 30, 2000, including all persons who purchased the
common stock of pursuant to or traceable to the
Company's initial public offering (the "IPO") on June 8, 1999, or
subsequently in the open market.

A copy of the complaint filed in this action is available from
the Court, or can be viewed on Milberg Weiss' website at:

The action, numbered 100CA439-JN, is pending in the United States
District Court for the Western District of Texas, Austin
Division, located at 655 E. Durango Blvd., San Antonio, TX,
78206, against defendants, Susan Georgen-Saad (Chief
Financial Officer), Donald Hackett (Chief Executive Officer and
President), John F. Zaccaro (Vice Chairman of the Board), and
Nancy Snyderman (Director). The Honorable James Nowlin is the
Judge presiding over the case.  

The complaint charges that defendants violated Sections 11,
12(a)(2) and 15 of the Securities Act of 1933, and Sections 10(b)
and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5
promulgated thereunder. The complaint alleges that the prospectus
(the "Prospectus") issued in connection with the IPO was
materially false and misleading for several reasons. For example,
the complaint alleges that the Prospectus highlighted the
purported benefits the Company would derive from its relationship
with HealthMagic Inc., a provider of Internet technology to
health related businesses and that HealthMagic would continue to
develop the Company's Personal Medical Records ("PMR") product,
among other technologies. This statement was materially false and
misleading, as alleged in the complaint, because it failed to
disclose that the PMR product was in early stages of development
and required extensive reworking before it could be commercially
deployed. On March 30, 2000, the Company filed its Form 10-K for
fiscal 1999 which revealed that the Company's relationship with
HealthMagic was unsatisfactory and would be terminated, and that
the Company's independent auditors raised substantial doubt about's ability to continue as a going concern. In response
to these revelations, the price of common stock
plunged by 41%, falling from $6 1/4 per share to 3 11/16 per

If you bought the securities of between June 8, 1999,
and March 30, 2000, you may, no later than September 12, 2000,
request that the Court appoint you as lead plaintiff.

CONTACT: Milberg Weiss Bershad Hynes & Lerach, LLP, New York
Steven G. Schulman or Samuel H. Rudman, 800/320-5081

ELECTRO-PLATING:  Case Summary and 20 Largest Unsecured Creditors
Debtor:  Electro -Plating Engineering Co., Inc.
         45 W. Ivy Avenue
         St. Paul MN 55117

Type of Business:  Plating of nickel and zinc onto finished parts
provided by customers, and manufacturing of coil which is plated
and sold to those in the vending business.

Chapter 11 Petition Date:  July 10, 2000

Court: District of Minnesota

Judge: Nancy C. Dreher

Debtor's Counsel:  William I. Kampf
                   Kampf & Associates, P.A.
                   901 Foshay Tower
                   821 Marquette Avenue
                   Minneapolis MN 55402
                   Tel.: 612-339-0522

Total Assets:  $ 2,889,000
Total Debts:   $ 1,823,000

20 Largest Unsecured Creditors

State Fund Mutual                                $ 52,000

Murphy Ins                                       $ 30,000

Atlas Temporaries                                $ 25,537

NSP                                              $ 17,000

Kraft Chemical                                   $ 16,761

U.S. Filter                                      $ 11,571

Felhaber Larson Fenlon & Vogt                    $ 11,500

Hoffland Environmental                            $ 8,391

Safety Kleen                                      $ 7,500

DPC Industries                                    $ 5,688

N American Wire                                   $ 5,600

Toyota Motor Credit                               $ 5,000

Fremont Ind. Inc.                                 $ 4,832

JRM Machine Co                                    $ 3,494

WRCA Wire                                         $ 2,289

Savenich Butler Gerlach                           $ 2,270

St. Paul Steel Co.                                $ 1,886

Safeguard Business Systems                        $ 1,743

Weber Electric                                    $ 1,599

Industrial Polishing                              $ 1,030

GRACE COMMUNITY: Purchased by E.C.C.
Evangelical Congregational Church Retirement Village (ECC) bought
the bankrupt Grace Community Inc., according to the Harrisburg
Patriot. The E.C.C. fiduciaries said that the contracts of Grace
Community with its residents would be honored despite the sale.

Grace Community, which is also known as Stone Ridge Village, has
150 apartments, 31 cottages, 60 skilled nursing beds, and 30
assisted living units. It filed for Chapter 11 bankruptcy
protection in 1999 in the U.S. Bankruptcy Court of Harrisburg.
(The Harrisburg Patriot 7/20)

HARNISCHFEGER: Equity Applies To Employ Goldin As Advisor
The Official Committee of Equity Security Holders asks the Court
to approve the employment of Goldin Associates, L.L.C. as
financial advisors for the Committee at a monthly fee of $45,000
for a minimum of three months, plus a success fee of $55,000 per
month for the term of Goldin's engagement in the event that a
plan of reorganization is confirmed and results in distribution
to equity holders of Harnischfeger Industries, Inc. The
Committee's proposal also provides for reimbursement of
reasonable out-of-pocket expenses.

The Committee tells the Court they intend to work closely with
Goldin and other professional advisors to ensure that there is no
duplication of services. Specifically, the Committee desires that
Goldin will:

(i) Review and comment on the feasibility of business plans
prepared by the Debtors and, if necessary, propose modifications
or alternatives;

(ii)   Advise the Committee on the value of the Debtors'
domestic and international operations as going concerns and the
value of major estate assets, including real estate and

(iii) Support counsel to the Committee with the proffer of expert
valuation testimony;

(iv) Monitor any undertaking by the Company and its advisors to
effect a sale of the entire company or any of its significant
operating units;

(v) Review any proposals for the sale of estate assets and
represent equity holders in related discussions;
(vi) Review and make recommendations regarding the capital
structure of a reorganized Harrnischfeger;

(vii)  Monitor the analysis, negotiation, and resolution by the
Company of claims made against the Company;

(viii) Perform other related services as the Committee or its
counsel may reasonably request.

The Committee notes that Goldin is well qualified, and has the
experience and knowledge for the job. The Committee also believes
that Goldin does not hold or represent any other equity having an
interest adverse to the Debtors or the Committee's constituents
in connection with HII's chapter 11 cases.

The Debtors object to the proposal.

First, the Debtors contend that the services are not necessary
because they see that the equity would be a deficit of $1,025,151
after a restructuring charge of approximately $1 billion, and it
appears unlikely that any value will be distributed to HII's
shareholders. These are reported in the Debtors' Form 10K for the
period ended October 31, 1999 and Form 10Q filed with the SEC on
June 14, 2000.

Second, the Debtors contend that the proposed fees are unfair
because if approved, they will be paid by the Debtors for no
benefit to the Debtors' estates.

The Debtors further point out that the application does not
include any proposed retention agreement for Goldin, and includes
no justification for the proposed fees.

The Debtors remark that to the extent that the Equity Committee
wishes to conduct an investigation utilizing Goldin's services,
the Committee can do so without seeking authorization from the
court and if Goldin makes a substantial contrubution to the
Debtors' estates, it can apply for reimbursement of reasonable
fees and expenses under section 503(b) of the Bankruptcy Code.
(Harnischfeger Bankruptcy News Issue 25; Bankruptcy Creditor's
Service Inc.)

HARNISCHFEGER: Protests Against Chase Manhattan in Australia
According to the AAP NEWSFEED on July 26, 2000, thousands of
unionists will take part in a nation-wide protest on July 27
outside the Chase Manhattan offices.  The bank gave a loan to a
mine machinery company that has locked out workers for 15 weeks.

South Coast Labor Council secretary Arthur Rorris said unionists
would take part in the noon protests at Chase Manhattan offices
in Canberra, Hobart, Sydney, Perth, Brisbane and Melbourne.

The protests are in support of 73 Joy Mining Machinery workers
who have been locked out of their Moss Vale factory, in the New
South Wales southern highlands, after management attempted to
shut unions out of pay talks.

Two weeks ago Joy management issued a new lock out notice after
workers refused to accept an offer to return to work for a
four-week trial period.
AMWU state secretary Paul Bastian said the workers rejected the
offer, because management had threatened them with a further
lockout if they failed to behave in an appropriate manner or
negotiate in good faith. As well as locking out workers, Joy has
sought court injunctions against union officials, who were handed
subpoenas from the company claiming personal damages of up to

Joy Mining has refused to comment to media throughout the
dispute. But Chase Manhattan Bank has now been targeted by unions
after they discovered the bank gave Joy Mining parent company
Harnischfeger Industries a $750 million loan for a company
restructure. Harnischfeger Industries has filed for Chapter 11
bankruptcy in the United States.

Earlier this month union representatives were thrown out of
Chase Manhattan's Sydney offices during a protest. But Mr Rorris
said the July 27 action would be part of a co-ordinated effort
around the country.

KEATHLEY AVIATION: May File For Chapter 7 Liquidation
President Thomas Keathley of Keathley Aviation asked that the
Chapter 11 case be dismissed, and awaits Bankruptcy Judge
Margaret Mahoney's decision.   Keathley added, "We want to file a
lawsuit against some people who have essentially put us out of
business," [and] "We've looked for seven months, but we can't
find a lawyer that will take the case while it's in bankruptcy.  
If we get the bankruptcy dismissed, we can get a lawyer on a
contingency basis, and then we can follow up on a lawsuit."  The
Pensacola based firm has about $5.2 million, and is likely to
file for Chapter 7 liquidation.

LE'SLAM SPORTS BAR: To Filoe For Bankruptcy; Closed Since Friday
The Columbian (Vancouver, WA.) reports on July 25, 2000,
That Le'Slam Sports Cafe, the Orchards sports bar owned by former
Portland Trail Blazers stars Kermit Washington and Kevin
Duckworth, will file for bankruptcy.

The establishment has been closed since Friday, but Washington
said he hopes to reopen it this week, at least temporarily.

Le'Slam has struggled since it opened in 1996, Washington said
Monday afternoon. He said he has already lost $ 400,000 his
entire retirement savings on the bar and restaurant at 11808 NE
Fourth Plain Road. Duckworth invested somewhat less and has not
been as closely involved with the business.

Except for brief periods during the football and basketball
seasons, Washington said, Le'Slam never made a profit and has
accumulated $ 300,000 in debt. He said it would have been smart
to close a long time ago, but he refused to give up.

"I didn't want people to say 'Kermit couldn't do it. He's just a
basketball player. He's in over his head,'" Washington said. "I
still think we have some class, and until the end I hope we have
some dignity."

The breaking point came Friday, he said, when the state ordered
Le'Slam closed because of $ 24,000 in unpaid taxes. By
reorganizing under Chapter 11 bankruptcy protection, which he
plans to file by Wednesday, Washington said he believes he will
be able to reopen the restaurant later this week.

Football season is just over a month away, and Washington said he
hopes things will turn around by then. If they don't, though, he
said the restaurant might not even last a month.

"I'm playing a game of poker," Washington said. "I should have
thrown in the cards two years ago when I still had money left,
and I still had things of value."

Why hasn't the restaurant worked? Washington said it certainly
isn't for lack of effort. For most of the past four years, he
said, he has put in 12-hour days seven days a week. Washington
greets nearly all the customers, and he said he does everything
from scrubbing the toilet to mopping the floor himself.

MEDPARTNERS PROVIDER: Order Approves Stipulation
MedPartners Provider Network, Inc., debtor, seek entry of a court
order approving the stipulation entered into between MPN and
PacifiCare of California. The stipulation establishes the agreed
amount of Pacificare's prepetition claim against MPN for purposes
of voting on MPN's chapter 11 plan and for purposes of
establishing PacifiCare's eligibility of receiving
distributions pursuant to the MedPartners Funding Commitment
under the MPN Chapter 11 plan and the agreed amount of
PacifiCare's remaining unpaid post-petition claim.  Specifically,
pursuant to the stipulation, MPN and PacifiCare have agreed that,
for the purposes of the MPN Chapter 11 plan, Pacificare shall
hold a prepetition Allowed MPN Claim of a Consenting Plan in
the amount of $7.07 million plus Reimbursement Claims and a post
petition claim of $0.

LEASING SOLUTIONS: Court Authorizes Sale to MLSC
By order entered on July 13, 2000, the US Bankruptcy Court for
the Northern District of California authorized the sale to
Manufacturers' Leasing Services Corp. of specified leases and the
equipment underlying such leases.

LEVITZ FURNITURE: Net Loss of $66.9 Million For Fiscal Year
According to an article in The Palm Beach Post on July 22, 2000,
Levitz Furniture said it had a net loss of $66.9 million, or
$2.22 a share, for the fiscal year ended March 31.

The furniture retailer reported a loss of $ 94.4 million, or
$3.15 a share, a year earlier.

The company said net sales dropped to $ 525.1 million this year
from $653.1 million a year earlier.

Same-store sales, however, rose 2.8 percent this year after
falling 0.1 percent in fiscal 1999.

Boca Raton-based Levitz (OTC-BB: LVFIQ, 9 cents) closed 15 stores
in June 1998 and 27 stores in January 1999 as it left
underperforming markets, including Florida.  It now operates 64
stores in 13 states.

In its 10-K filing with the Securities and Exchange Commission,
the company said it is developing a reorganization plan to help
the company emerge from Chapter 11 bankruptcy protection.

Last month, a Delaware court blocked a management services
agreement between Levitz and Seaman Furniture of Woodbury, N.Y.,
that was to be the basis of the company's reorganization plan.

MARINER: Motion To Assume JCE and Fichera Agreements/Amendments
Mariner Post-Acute Network, Inc. and its wholly owned subsidiary,
American Pharmaceutical Service, Inc. move the Court for an order
authorizing them to assume the JCE Consulting Agreement and the
Fichera Employment Agreement, in their respective amended forms.

Since November 1999, the Debtors have retained JCE as an
independent contractor of APS and employed Russ Fichera as Chief
Financial Officer of APS.

JCE provides services for APS "in the nature of those typically
provided by the Chief Executive Officer." Mr. Thomas Dixon, the
President of JCE, has been primarily responsible for performing
JCE's obligations under the JCE Consulting Agreement. The JCE
Consulting Agreement currently provides for compensation of
$25,000 per month. Additionally, in the event of all or
substantially all of APS's assets before a certain specified
date, JCE will be entitled to $700,000 in additional
compensation. If no such sale occurs, XE shall receive $350,000.

The Fichera Employment Agreement provides that Fichera will
receive a base salary of $250,000 per annum ($20,833.33 per
month). Additionally, Fichera will receive $500,000 upon either
(1) a sale, merger, or dissolution of APS's assets, or (2)
following a Change of Control, if Fichera is terminated without
Cause or if he terminates his employment with Good Reason.

The Debtors believe that JCE and Fichera have been instrumental
in implementing measures to improve APS's performance that have
enhanced value to the estates. The Debtors desire to continue to
have the services of JCE and Fichera, both well qualified and
familiar with APS's business operations and assets.

However, in light of the Debtors' current business plans and the
filing of their chapter 11 cases, the Debtors believe that the
existing JCE Consulting Agreement and Fichera Employment
Agreement need to be amended

The terms of the Existing Agreements need to be amended to (1)
comport with the Debtors' reorganization strategy, and (2)
compensate JCE and Fichera based in part upon the amount of value
they would be able to generate for the Debtors through their
efforts at APS. Moreover, in light of the Debtors' chapter 11
filings and their current restructuring strategy, certain
provisions in the existing JCE Consulting Agreement and the
Fichera Employment Agreement could expose the Debtors to
substantial liabilities if not modified as provided
in the Amendments.

The Debtors tell Judge Walrath that as a result of good faith,
arms' length negotiations, they have entered into the respective
Agreement Amendments with JCE and Fichera.

In summary, the Amendments provide for:

JCE and Fichera will continue to provide services in the nature
of those typically provided by the Chief Executive Officer and
Chief Financial Officer of APS, respectively, as provided in the
Existing Agreements. In addition, JCE and Fichera also will,
among other things, (1) participate in the development and
implementation of APS's restructuring strategy, including any
divestitures, and (2) negotiate the terms of any contemplated
divestiture. In the case of JCE, Thomas Dixon shall remain the
individual principally responsible for performing the services of

The term of the JCE's and Fichera's employment shall continue
until a confidential date which the Debtors believe is a
reasonable amount of time to implement their APS reorganization

The Amendments will substantially alter the manner of
compensation for JCE and Fichera. The Debtors believe that these
changes are highly beneficial to their estates, because they will
serve as incentives to maximize the amount of net value generated
to the estates, while reducing the total compensation payable to
JCE and Fichera if they are unable to achieve that value.

The Debtors have sought and obtained the Court's authorization to
file the Amendments as well as the Existing Agreements under seal
because the Amendments contain confidential information regarding
the Debtors' reorganization strategy because the Confidential
Agreements contain sensitive information pertaining to
the Debtors' efforts to restructure APS, including information
regarding timing and valuations, disclosure of which would likely
cause serious, irreparable harm to the Debtors' reorganization

Pursuant to this, the Confidential Agreements will remain
confidential and will be made available only to: the US Trustee,
the Creditors' Committee (other than those members that are
competitors or might be an acquirer), Chase, the DIP Lenders, the
members of the bank steering group of which Chase is a member,
and their advisors.

The Chase Manhattan Bank, for itself and as agent for the
Prepetition Lenders, asks the Court for authority to file the
Statment of the Chase Manhattan Bank, as Agent, in support of the
Debtors' motion to assume Dixon and Fichera Employment Agreements
under seal, because the statement refers to confidential
and sensitive information relating to the Debtors' business
The Official Committee of Unsecured Creditors of MPAN has filed a
limited objection under seal to the Debtors' Motion. (Mariner
Bankruptcy News - Issue 7; Bankruptcy Creditor's Service Inc.)

MCA FINANCIAL: Order Approving Disclosure Statement
By order entered on July 20, 2000, the US Bankruptcy Court,
Eastern District of Michigan, Southern Division, entered an order
approving the Second Amended Disclosure Statement as containing
adequate information.  

Objections to the Second Amended Plan must be in writing and
filed and served no later than August 14, 2000.  The hearing on
confirmation of the Second Amended Plan shall be on Monday August
21, 2000 at 3:00 PM in the Courtroom of the Honorable Steven W.
Rhodes, 211 W. Fort Street, Courtroom 1825, Detroit, Michigan.  
The claims bar date is extended to October 31, 2000.

The plan is a liquidating plan.  An agent will be appointed to
liquidate the remaining assets of the debtors and distribute them
in accordance with priorities established under the Bankruptcy

MMH HOLDINGS: Seeks To Implement Employee Retention Program
The debtors, MMH Holdings, Inc., et al. seek to implement an
Employee Retention Program with the US Bankruptcy Court, District
of Delaware.

A hearing on the motion has been scheduled for 2:00 PM on August
8, 2000 before the Honorable Sue L. Robinson, US District Court,
844 King Street, Wilmington, DE.

The proposed modification would shorten the length of time from
May 31, 2000 to January 1, 2001 that the employees designated to
participate in the Retention program would have to stay with the
debtors to be eligible to receive the retention bonus in the
event that the debtors pursue confirmation of a plan of
reorganization.  In addition, although the debtors do not
believe that they will exceed the $1.65 million that the court
authorized them to pay in retention bonuses to certain designated
employees, the debtors request authority to increase the amount
available to pay retention bonuses to $1.665 million.

MOSSIMO INC: Announces Dismissal of Involuntary Petition
Mossimo, Inc. (OTCBB:MGXO.OB) today announced that on July 25,
2000, the United States Bankruptcy Court dismissed the
involuntary bankruptcy petition filed against the Company on May
16, 2000.

Founder and President Mossimo Giannulli commented, "We are
pleased to have this issue resolved and we can now fully
concentrate our energies on growing our business with the Target
Corporation (NYSE:TGT). We want to thank them for their support
during this process and look forward to capitalizing on the
opportunities that lie ahead."

Founded in 1987, Mossimo, Inc. is a designer of men's and women's

PAGENET: Receives Approval of Motions from Bankruptcy Court
Court Affirms Employee Compensation, Payment of All Vendors in
the Ordinary Course, and Continuation of All Customers
ServicesPaging Network, Inc. (Nasdaq:PAGE) said the U.S.
Bankruptcy Court for the District of Delaware approved various
first-day motions in connection with its voluntary reorganization
under Chapter 11, filed with the court.

Among other motions, the court approved PageNet's requests to
continue all employee compensation and benefits plans; customer
sales, support and service activities; and payment of all funds
due to suppliers in the ordinary course. A motion permitting
PageNet's bank group to provide Debtor-In-Possession (DIP)
financing also was approved by the court.

Representatives of bondholders owning a substantial majority of
PageNet's bonds appeared before the court to voice support for
the PageNet reorganization and merger with Arch Communications
Group, Inc. In addition, representatives of all of PageNet's
banks appeared to voice their support. (Business Wire 7/25)

PLANET HOLLYWOOD: Launches New Web Page
Planet Hollywood is continuing its fight back from bankruptcy
with the launch  of a new Web site for Hollywood movie fans
around the world, at

"This is not a restaurant Web site," said chairman and CEO Robert
Earl. "We've taken elements of what makes Planet Hollywood
restaurants  appealing and created a daily destination on the
Web," he added.

The company filed for US Chapter 11 bankruptcy protection last
year, but has since received a cash infusion, closed a number of
its money-losing restaurants worldwide, and improved service.

The new Web site offers live celebrity chats, footage of
celebrity events, merchandise, games, contests and movie,
television and celebrity news. In an arrangement with Web
auctioneer eBay, site visitors will also be able to bid on
authenticated movie memorabilia, including the signpost from the
TV show M*A*S*H, a vest worn by John Wayne, and a Star Trek

RANDALL'S ISLAND: Sale of Certain Non-Residential Real Property
On July 31, 2000 at 10:00 AM, a hearing will be held to consider
the motion of the debtors, Randall's Island Family Golf Centers
Inc., et al. for orders authorizing and approving the sale of 36
fee-owned properties and leasehold interests and related personal
property to the highest and best bidder(s), free and clear of all
liens, claims, encumbrances, and interests and exempt
from any stamp, transfer, recording or similar tax.

This motion is intended to supersede the Global Bidding
Procedures Motion, as there were not firm-enough offers for the
properties to effectively utilize the global bidding procedures
proposed in the Global Bidding Procedures Motion.  The debtor
will abandon or reject those properties that remain unsold.  The
debtors believe that the sale of the properties, individual
driving ranges and ice skating properties, by public auction will
enable the debtors to realize the highest and best offer, if any,
for such properties, and thereby maximize the value for and
benefit to the debtors' estates.

RECOM SYSTEMS: Drops Chapter 7 for Chapter 11
The Sacramento Business Journal reported on July 14, 2000 that
Recom Managed Systems Inc. of Roseville, which said in May it
would file for Chapter 7 bankruptcy and dissolve, has decided to
reorganize its debt instead.

So on June 26 it filed under Chapter 11 of the U.S. Bankruptcy
Code. Creditors will meet this month to consider any debt payback
plan proposed for the company.

Recom (OTC:RMSIQ) sold flat-rate computer and Internet services.
It laid off its 18 employees late last year after the funding it
expected never came. Recom expects at least one investor to
propose a debt repayment plan, to maintain the company as a
publicly traded shell.

That investor, who apparently will file a debt payment plan to
get control of the company, has asked to remain anonymous, said
Recom CEO Jack Epperson. Recom never filed for Chapter 7,
Epperson said. "We found an investor interested in the public
shell. And a (Chapter 11 debt) reorganization allows
shareholders and creditors to get some value."

Shell companies are sometimes bought by private companies that
want to go public without going through an initial public
offering. They get the shell and merge their existing company
into it.

Recom has declared debt claims of $ 1 million to $ 2 million. Its
assets are encumbered by a lien favoring a secured creditor,
Comerica Bank.

The company has won a motion to let outsiders submit
reorganization plans to the Bankruptcy Court immediately.

Recom became publicly traded in November 1998, when it was formed
in a reverse merger. It filled the shell of the inactive Mt
Olympus Enterprises of Salt Lake City, which sold water and
traded over the counter.  When Recom shut down, Epperson said the
company's idea and management were working, but its lack of
operating capital kept it from moving forward. The company is 12
percent owned by Recoin Technologies, a Roseville vendor of
government information systems.

Recom Managed Systems never ran a profit its stock traded at 6
cents per share this week, off from a 52-week high of $ 4.

SHARPSVILLE QUALITY: Filed for Chapter 11 Bankruptcy
Sharpsville Quality Products Co. filed for Chapter 11 bankruptcy
protection. The president and chief executive, Harry Kokkins,
said that the company started having trouble when its two major
customers, American Alloy and Clark Material Handling, filed for
bankruptcy. The foundry has assets of $3.8 million and debts of
$4.9 million.

Sharpsville, f/k/a Shenango Inc., is a maker of ingot molds that
is used for manufacturing steel. Shenango was closed in the early
1990s, and its employees bought it for $1.3 million. (Associated
Press 7/21)

SILVER CINEMA: Theatres To Remain Open
According to an article in The Detroit News on July 25, 2000, the
Main Art Theatre and the Maple Art Theatre will remain open
despite the bankruptcy of their parent company, Silver Cinemas
International -- the parent company of Landmark Theatres,
which owns both the Main Art and Maple Art.

Landmark, the nation's largest chain of art cinemas, owns 52
theaters in 11 states. Silver Cinemas owns more than 80 discount
and art-house theaters.

"We are selectively closing some theaters," said Tom Andrus,
chief financial officer for Silver Cinemas. "But (the Main Art
and Maple Art) are theaters that are performing well."

Silver Cinemas filed for Chapter 11 bankruptcy protection after
it was forced to close 17 discount theaters that could not
compete in a strong economy, when people can afford to pay full
ticket prices at a plush multiplex.

SOUTHERN MINERAL:  Confirmation of Plan of Reorganization
Southern Mineral Corporation (OTC Bulletin Board: SMINQ.OB) and
certain of its subsidiaries announced that on July 21, 2000 the
United States Bankruptcy Court for the Southern District of
Texas, Victoria Division entered the order confirming their
Second Amended Plan of Reorganization filed May 2, 2000, as
Amended, ("Plan").  The Plan is expected to become effective on
August 1, 2000.

Southern Mineral Corporation is an oil and gas acquisition,
exploration and production company that owns interests in oil and
gas properties located along the Texas Gulf Coast, Canada and
Ecuador.  The Company's principal assets include interests in the
Big Escambia Creek field in Alabama and the Pine Creek field in
Alberta, Canada.  The Company's common stock is quoted on the OTC
Bulletin Board under the trading symbol "SMINQ.OB".

TEXAS HEALTH ENTERPRISES: Objections to Disclosure Statements
Walter R. Geisler, individually and as legal representative of
the estate of Ruth Simmons, having filed a proof of claim in the
sum of $7.9mm pursuant to a final judgment, and is a secured
creditor of the estates of Texas Health Enterprises, Inc. and HEA
Management Group, Inc.  The judgment is secured by two
supersedeas bonds and a promissory note secured by a certain deed
of trust, mortgage assignment, security agreement and financing
statement on a piece of real property located in Wichita Falls,

Geisler objects to the Disclosure Statement filed by the debtors
and the Committee.

Among Geisler's many objections, he states that the plan does not
provide for the Geisler secured claim, and to the extent that the
plan purports to class the Geisler claim with other claims
arising from personal injury or wrongful death litigation, the
plan violates Section 1122.  Geisler's claim is not substantially
similar to these other claims since it is fixed and liquidated,
and secured by two bonds and a deed of trust.  Essentially,
Geisler claims that that the plan must provide for the treatment
of Geisler's claim on the assumption that Geisler's claim is
found to be wholly valid and enforceable.

Geisler also states that the plan violates Section 510 since it
provides the categorical subordination of the punitive damage
portion of claims.  Geisler states that the plan classifies
separately claims containing punitive damages from other general
unsecured claims. In addition, the plan purports to release the
debtors' principals, officers and directors, and essentially
disallows "Subordinated Claims" without any basis in law or fact.  
The plan also purports to pay nothing to "Subordinated Claims"
and provides "any liens securing payment of such Claims shall be
held for the benefit of Class 5 and 6 Creditors."  Geisler
asserts that this provision imposes a constructive trust or
avoids any lien securing a punitive damage claim without the
necessity of filing an adversary proceeding, and thereby violates
the Bankruptcy Code and a lien creditor's due process rights.

Geisler also complains of the inadequacy of the Disclosure

That the Disclosure Statement fails to identify the debtor's
principal assets, a $30 million malpractice claim against the
attorneys and other parties who defended the debtors in Geisler's
suit in state district court;

What the effect will be on other creditors if the debtors fail to
eliminate or subordinate the punitive portion of the Geisler
claim or avoid the lien and bond securing that portion of the
Geisler claim;

The Disclosure Statement fails to provide any relevant or
meaningful information to evaluate whether or not the claims
against Woody Kern or other insiders should be released.

Fails to provide or explain the basis for any claims of insiders,
including Woody Kern's claims.

Fails to identify the process by which the subordination of
claims will be determined.  

The plan gives a cursory overview of indictments arising in 1992.

The Disclosure Statement fails to disclose that the suit filed
against Geisler and Simmons is subject to a Motion to Dismiss for
the Plaintiff's failure to properly serves the suit.

The Disclosure Statement fails to provide any insight into a
business plan, does not explain occupancy level rates, or how
they will increase, fails to describe avoidance actions, does not
evaluate alter-ego claims.

The Disclosure Statement fails to identify administrative claims,
and gives no explanation as to losses over the past twelve
months, fails to identify personal injury claimants, fails to
describe state of Texas issues, and gives no explanation why
payment of unsecured claims will be subordinated to the payment
of on-going expenses and claims of the debtor.  

No explanation is provided as to why the debtors should not seek
to refinance its corporate headquarters for 80-90% of its
appraised value.  The Disclosure statement indicates that the
debtors are attempting to obtain a $6 million secured line of
credit with an asset-based lender, fails to identify Geisler's
secured claim on the Wichita Falls property, fails to identify
PCK's partners and fails to describe any of the circumstances
surrounding Horizon CMS transactions, and in particular,
transfer of f $16.25 million from the debtors to Kern in 1996.

Geisler asks that the court withhold approval of the Disclosure

US DIAGNOSTICS: Shareholders To Sell 70 Facilities
According to South Florida's, ballots were filled
by shareholders of US Diagnostics (Nasdaq: USDL) to sell all of
its 70 facilities.  Diagnostics' board members will liquidate the
company's assets, unless the imaging firm seeks a new way of
earning money.  President and CEO, Joseph A. Paul says "We are
pleased that the stockholders have confirmed our plan to
restructure the company," [and] "we intend to move quickly to
implement the plan and we are determined to maximize shareholder
value through the sale process or the reinvestment of the sale
proceeds."  US Diagnostics Inc., which is based in West Palm
Beach does magnetic resonance imaging, mammography, ultrasound
and X-ray technologies.  After going public in 1994, reports from
SEC states that, what pushed it deeper into debt was after it
acquired other facilities.


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