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              T R O U B L E D   C O M P A N Y   R E P O R T E R

                 Wednesday, August 23, 2000, Vol. 4, No. 165

                               Headlines

ABRAXAS PETROLEUM: Shares Begin Trading on AmEx under "ABP" Symbol
ACDC, INC.: Chapter 11 Plan Confirmed
ADVANTICA RESTAURANT: FRD Sale Proceeds will Leave No Residual Cash
AMERICAN HEALTHCHOICE: Bankruptcy Court Confirms Reorganization Plan
AMERICAN METROCOMM: Case Summary and 4 Largest Unsecured Creditors

AMERICAN METROCOMM: Case Summary and 3 Largest Unsecured Creditors
AMERICAN METROCOMM: Case Summary and Largest Unsecured Creditor
AMERICAN METROCOMM: Case Summary and 4 Largest Unsecured Creditors
BREED TECHNOLOGIES: Harvard Industries' Commitment Date Extended to Aug. 28
BIG PARTY: Proposes $400,000 Key Employee Retention Bonus Program

BISCAYNE APPAREL: Judge Bernstein to Review Disclosure Statement Sept. 26
CFI MORTGAGE: Announces Filing of June 30 Form 10-Q -- and Net Losses
CHARTER BEHAVIORAL: Psychiatric Firm Pays Government $7MM To Settle Fraud
COMPLETE WELLNESS: Appeals Nasdaq Delisting
CONTIMORTGAGE: Fitch Lowers Ratings Loan Pass-Through Cert. Series 1997-1

DNR USA: Plan Consummated and Ready for Entry of a Final Decree
DYNAMATIC CORPORATION: Obtains Extension of Exclusive Period through Dec. 4
DYNAMATIC CORPORATION: Bankruptcy Court Sets October 2 Bar Date
EINSTEIN/NOAH: Seeks To Delay Action on $1.8MM Claim Against Boston Chicken
FAMILY GOLF: Judge Bernstein Approves Klak's Purchase Of Golf Facilities

GENESIS/MULTICARE: Motion For Authority To Pay Prepetition Regulatory Fees
GEOTELE.COM: Emerges From Bankruptcy; Deploys Cisco Voip Gateways
GLOBAL TISSUE: Responds to Committee's Objection to Use of Cash Collateral
GRAND UNION: Food Retailer Lays Off 170 Workers As Part of Restructuring
GULF STATES STEEL: Taps The Recovery Group as Crisis Manager

HARNISCHFEGER INDUSTRIES: Needs More Time to Review Unexpired Leases
HEILIG-MEYERS: NYSE Suspend Trading & Applies to SEC to Delist Shares
HOGIL PHARMACEUTICAL: Monthly Operating Statement Shows Continued Losses
INTEGRATED HEALTH: Stipulations For Adequate Protection of Finova Mortgage
KITTY HAWK: Committee Files Motion To Assert Debtors' Causes of Action

LOEWEN GROUP: Motion To Reject Employment Agreement With James Terebinski
MANHATTAN INVESTMENT: U.S. Trustee Takes Issue with Zolfo Indemnification
MANOR CARE: Moody's Lowers Debt Ratings From Baa3 To Ba1
MERIT ENERGY: Meota Resources Buys Six Properties for $56.5 Million
MMH HOLDINGS: Asks For Approval to Recapitalize South African Subsidiary

NATIONAL RESTAURANTS: Judge Blackshear Confirms Debtors' 2nd Amended Plan
NUTRAMAX PRODUCTS: Order Extends Time to Assume & Reject Leases to Oct. 3
PHYSICIANS RESOURCE GROUP: 4th Reappointment of Physicians' Committee
PRIME RETAIL: FBR-AIC Defaults $20 Million Subordinated Loan
REGAL CINEMAS: Movie Company Suffers Loss & Forced To Restructure Assets

ROCK-TENN CO.: Moody's Places Debt Ratings Under Review For Downgrade
ROYSTER-CLARK: Moody's Places Rating On Review For Possible Downgrade
SAFETY-KLEEN: Deffenbaugh Wants Relief From Stay To Continue Kansas Suit
SCB COMPUTER: Announces Delisting Of Common Stock By Nasdaq
SENSITIVE CARE: Blames PharMerica for any False Medicare Claims

SOUTHERN MINERAL: Hires Petrie Parkman & FirstEnergy As Financial Advisors
SUN HEALTHCARE: Delaware Court Extends Reorganization Plan Filing To Nov. 9
TEU HOLDINGS: Consent Order Extends Solicitation Period to Sept. 26
URANIUM RESOURCES: Obtains New Sources of Financing to Retain Viability

* Meetings, Conferences and Seminars

                               *********

ABRAXAS PETROLEUM: Shares Begin Trading on AmEx under "ABP" Symbol
------------------------------------------------------------------
Abraxas Petroleum Corporation (AMEX:ABP) is trading on the American Stock
Exchange effective, Aug. 18, 2000, under the symbol "ABP." The Company's
stock had been trading on the over-the-counter bulletin board under the
symbol "AXAS."

Bob Watson, Company CEO commented, "We plan to immediately utilize the AMEX
to attract a much greater following of analysts, institutional and
individual investors. The American Stock Exchange will give Abraxas a
significantly higher profile in the investment community."

The American Stock Exchange is the United States' second largest floor-
based exchange offering securities trading on an advanced centralized
specialist system combining technologically driven speed with market driven
liquidity. The AMEX is part of the Nasdaq-Amex Group, the largest self-
regulatory securities organization in the United States. The market
specialist for Abraxas will be Spear, Leeds, & Kellogg, the largest
specialist firm on the floors of the New York and American Stock Exchange.

Abraxas Petroleum Corporation is a San Antonio-based crude oil and natural
gas exploration and production company that also processes natural gas. It
operates in Texas, Kansas, Wyoming and western Canada.


ACDC, INC.: Chapter 11 Plan Confirmed
-------------------------------------
Notice is given by the US Bankruptcy Court, Southern District of Ohio,
Cincinnati, that a hearing on Confirmation was held on August 9, 2000 and
an Order of Confirmation was filed stamped on August 11, 2000 and entered
on August 14, 2000 in the case of ACDC, Inc.


ADVANTICA RESTAURANT: FRD Sale Proceeds will Leave No Residual Cash
-------------------------------------------------------------------
It's one step forward and two steps back for Advantica Restaurant Group
(fka Flagstar), F&D Reports' Scrambled Eggs publication says. In a recent
conversation with Advantica, F&D Analysts confirmed the Company has made
progress in its plan to divest FRD Acquisition Company, which owns its
ailing Carrows and Coco's chains. Although the Company has received bids
for FRD, proceeds from a sale would only be enough to cover the amount of
related debt, leaving no residual cash. As a reflection of unfavorable
market sentiment, the Company's stock has lost 80% of its value over the
last year, and now trades at less than $1.  Meanwhile, a drop in gross
margin and an increase in interest expense pushed the interest coverage
ratio into dangerous territory during the second quarter. Remaining
unrestricted cash balances are tight, and days payable outstanding during
the second quarter was up 25% from last year.


AMERICAN HEALTHCHOICE: Bankruptcy Court Confirms Reorganization Plan
--------------------------------------------------------------------
American HealthChoice, Inc. (OTCBB:AHIC) announced that the Company's
Amended Plan of Reorganization was confirmed by the United States
Bankruptcy Court on August 8, 2000.

On or before September 30, 2000, as provided in the Plan, the Company will
make initial payments to creditors. These payments will not have a material
impact on cash flow. In addition, the Company will deliver 20,475,000
shares of common stock to an Escrow Agent, who will transfer shares to the
Debenture Holders after receipt of a conversion notice. These shares will
not be included in outstanding shares, nor will they be in the public float
until a conversion notice is received by the Escrow Agent.

An important provision of the Plan is the acquisition of three established
clinics with expected gross annual revenue of $5,000,000 and expected cash
flow of approximately $1,500,000. The purchase price is approximately
$6,000,000 with $900,000 in cash at closing and the remainder in common
stock. If annual cash flow targets are not achieved over a three year
period, a portion of the stock will be returned to the Company. Since the
shares to be issued for the acquisition are restricted, they will not be
included in the public float for at least one year.

Dr. Stucki also stated, "We are pleased with our financial results for the
nine months ended June 30, 2000, which shows profit in each of the three
quarters in the fiscal year ended September 30, 2000. The financial results
of the three clinics being acquired will be reported by American
HealthChoice effective September 1, 2000."

American HealthChoice, Inc. is a provider of healthcare services and
operates primary care clinics located in Texas and Louisiana. Its stock is
quoted on the OTC Bulletin Board under the symbol "AHIC."


AMERICAN METROCOMM: Case Summary and 4 Largest Unsecured Creditors
-------------------------------------------------------------------
Debtor:  American MetroComm/Louisiana, Inc.
           1615 Poydras Street, No. 1050
           New Orleans, Louisiana 70112-1254

Type of Business:  The Company, together with its affiliates, is a   
                     Digitally-based Competitive Local Exchange Carrier
                     (DLEC) headquartered in New Orleans, Louisiana
                     providing corporate-class, fully integrated voice and
                     data services in the southeastern United States. The
                     Company utilizes digital subscriber line (DSL)
                     technology and unbundled network elements on the "last
                     mile connection" and the latest soft-witch technologies
                     to provide local and long-distance services.

Chapter 11 Petition Date: August 16, 2000

Court: District of Delaware

Bankruptcy Case No: 00-03362

Judge:  Peter J. Walsh

Debtor's Counsel: Neil B. Glassman, Esq.
                    Steven M. Yoder, Esq.
                    Elio Battista, Jr., Esq.
                    The Bayard Firm
                    222 Delaware Avenue, Suite 900
                    P.O. Box 25130
                    Wilmington, DE 19899
                    (302) 655-5000
                    J. Douglas Bacon, Esq.
                    Josef s. Athanas, Esq.
                    Timothy A. Barnes, Esq.
                    Peter P. Knight, Esq.
                    Latham & Watkins
                    233 S. Wacker Drive
                    Chicago, IL 60606
                    (312) 876-7700

Total Assets:  $ 1,341,491
Total Debts :  $ 3,232,207

4 Largest Unsecured Creditors

Internal Revenue Service           Excise Tax        $ 48,942

LA Department of Revenue & Tax     Sales Tax         $ 42,847

City of Baton Rouge/
  Department Financial              Sales Tax            $ 564

LA Tax Commission                  Excise Tax           $ 254  


AMERICAN METROCOMM: Case Summary and 3 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor: American MetroComm/Mississippi, Inc.
          1615 Poydras Street, No. 1050
          New Orleans, Louisiana 70112-1254

Type of Business:  The Company, together with its affiliates, is a   
                     Digitally-based Competitive Local Exchange Carrier
                     (DLEC) headquartered in New Orleans, Louisiana
                     providing corporate-class, fully integrated voice and
                     data services in the southeastern United States. The
                     Company utilizes digital subscriber line (DSL)
                     technology and unbundled network elements on the "last
                     mile connection" and the latest soft-witch technologies
                     to provide local and long-distance services.

Chapter 11 Petition Date: August 16, 2000

Court: District of Delaware

Bankruptcy Case No: 00-03363

Judge:  Peter J. Walsh

Debtor's Counsel: Neil B. Glassman, Esq.
                    Steven M. Yoder, Esq.
                    Elio Battista, Jr., Esq.
                    The Bayard Firm
                    222 Delaware Avenue, Suite 900
                    P.O. Box 25130
                    Wilmington, DE 19899
                    (302) 655-5000
                    J. Douglas Bacon, Esq.
                    Josef s. Athanas, Esq.
                    Timothy A. Barnes, Esq.
                    Peter P. Knight, Esq.
                    Latham & Watkins
                    233 S. Wacker Drive
                    Chicago, IL 60606
                    (312) 876-7700

Total Assets:  $ 4,321,087
Total Debts :  $ 5,575,953

3 Largest Unsecured Creditors

Internal Revenue Service        Excise Tax          $ 21,363

State Tax Commission            State Withholding
                                  Payroll              $ 5,108

Mississippi State Tax
  Commission Government          Government            $ 3,879                


AMERICAN METROCOMM: Case Summary and Largest Unsecured Creditor
---------------------------------------------------------------
Debtor:  American MetroComm Mississippi, Networks Corp.
           1615 Poydras Street, No. 1050
           New Orleans, Louisiana 70112-1254

Type of Business:  The Company, together with its affiliates, is a   
                     Digitally-based Competitive Local Exchange Carrier
                     (DLEC) headquartered in New Orleans, Louisiana
                     providing corporate-class, fully integrated voice and
                     data services in the southeastern United States. The
                     Company utilizes digital subscriber line (DSL)
                     technology and unbundled network elements on the "last
                     mile connection" and the latest soft-witch technologies
                     to provide local and long-distance services.

Chapter 11 Petition Date: August 16, 2000

Court: District of Delaware

Bankruptcy Case No: 00-03364

Judge:  Peter J. Walsh

Debtor's Counsel: Neil B. Glassman, Esq.
                    Steven M. Yoder, Esq.
                    Elio Battista, Jr., Esq.
                    The Bayard Firm
                    222 Delaware Avenue, Suite 900
                    P.O. Box 25130
                    Wilmington, DE 19899
                    (302) 655-5000

                    J. Douglas Bacon, Esq.
                    Josef s. Athanas, Esq.
                    Timothy A. Barnes, Esq.
                    Peter P. Knight, Esq.
                    Latham & Watkins
                    233 S. Wacker Drive
                    Chicago, IL 60606
                    (312) 876-7700

Total Assets:  $ 2,429,574
Total Debts :  $ 2,500,820

Largest Unsecured Creditor

City Of New Orleans
  Bureau of Revenue
Rm 1W-09 City Hall
New Orleans, LA 70112-0000           Government        $ 322,944


AMERICAN METROCOMM: Case Summary and 4 Largest Unsecured Creditors
------------------------------------------------------------------
Debtor:  American MetroComm New Orleans, Inc.
           1615 Poydras Street, No. 1050
           New Orleans, Louisiana 70112-1254

Type of Business:  The Company, together with its affiliates, is a   
                     Digitally-based Competitive Local Exchange Carrier
                     (DLEC) headquartered in New Orleans, Louisiana
                     providing corporate-class, fully integrated voice and
                     data services in the southeastern United States. The
                     Company utilizes digital subscriber line (DSL)
                     technology and unbundled network elements on the "last
                     mile connection" and the latest soft-witch technologies
                     to provide local and long-distance services.

Chapter 11 Petition Date: August 16, 2000

Court: District of Delaware

Bankruptcy Case No: 00-03366

Judge:  Peter J. Walsh

Debtor's Counsel: Neil B. Glassman, Esq.
                    Steven M. Yoder, Esq.
                    Elio Battista, Jr., Esq.
                    The Bayard Firm
                    222 Delaware Avenue, Suite 900
                    P.O. Box 25130
                    Wilmington, DE 19899
                    (302) 655-5000

                    J. Douglas Bacon, Esq.
                    Josef S. Athanas, Esq.
                    Timothy A. Barnes, Esq.
                    Peter P. Knight, Esq.
                    Latham & Watkins
                    233 S. Wacker Drive
                    Chicago, IL 60606
                    (312) 876-7700

Total Assets:  $ 11,854,655
Total Debts :  $ 24,146,063

4 Largest Unsecured Creditors

City of New Orleans Bureau
  of Revenue                       Government       $ 109,238

LA Department of Revenue
  And Tax                          Sales Tax         $ 26,755

Internal Revenue Service          Excise Tax        $ 21,130

Alabama Department of Revenue
  And Tax                          Excise Tax         $ 1,220


BREED TECHNOLOGIES: Harvard Industries' Commitment Date Extended to Aug. 28
---------------------------------------------------------------------------
Harvard Industries, Inc. and Breed Technologies, Inc. agreed to an
extension of the commitment date for the acquisition of Breed by Harvard
pursuant to the Consolidated Plan of Reorganization of Breed Technologies,
Inc. and its Substantively Consolidated Subsidiaries filed with the
Delaware Bankruptcy Court. The letter of intent between Harvard and Breed
provided that the commitment date was to be no later than August 21, 2000,
subject to extension. The extension agreed to provide that the commitment
date shall be no later than August 28, 2000 unless further extended by the
parties.

Mr. Fred C. Caruso, Chief Restructuring Officer of Breed, stated: "Harvard
and Breed are working diligently towards completion of the definitive
documentation and we look forward to the successful completion of the
acquisition."


BIG PARTY: Proposes $400,000 Key Employee Retention Bonus Program
-----------------------------------------------------------------
The Big Party Corporation filed a motion seeking court authority to
implement a key employee retention bonus plan. The debtor has identified 14
key employees who will participate in the Retention Program. The key
employees have been instrumental in the success of the Auction and the GOB
Auction, and are key to the consummation of the Auction and GOB Auction
transactions that will maximize the value of the debtor's estate for the
benefit of its creditors.

The Retention Program consists of certain incentives, principally stay-on
bonuses, fashioned to retain the continued services of the Key Employees
through and beyond a successful conclusion of this case. The Stay-On Bonus
is an inducement for key employees to remain employed by the debtor through
a target completion date or substantial consummation of a strategic Asset
disposition transaction, whichever is earlier.

The aggregate amount that the debtor would be required to pay if all such
key employees became entitled to their stay-on bonuses is approximately
$400,000. A hearing on the motion will be held on September 8, 2000 before
Judge Gregory M. Sleet, U.S. District Court, Wilmington.


BISCAYNE APPAREL: Judge Bernstein to Review Disclosure Statement Sept. 26
--------------------------------------------------------------------------
Judge Stuart M. Bernstein, US Bankruptcy Court for the Southern District of
New York has fixed September 26, 2000 as the date a hearing will be held to
consider the entry of an order approving the disclosure statement filed by
Biscayne Apparel, Inc.

The hearing does not relate to the plan of liquidation of M&L
International, Inc. a subsidiary of Biscayne, which was confirmed by order
dated August 31, 1999 and has been consummated.

The debtor is represented by Salomon Green & Ostrow, PC.


CFI MORTGAGE: Announces Filing of June 30 Form 10-Q -- and Net Losses
---------------------------------------------------------------------
CFI Mortgage, Inc. (OTCBB:CFIM), a broad, technology-based consumer finance
company serving the national and international markets, announced that it
has filed its Form 10Q for the three months ending June 30, 2000. The
Company has submitted the filing to the Edgar System for filing with the U.
S. Securities and Exchange Commission and notification to the OTC Bulletin
Board and will be available to the public today, August 21, 2000.

The Company reported a net loss from operations, before taxes, of $855,450
for the quarter ended June 30, 2000 compared to a net loss before taxes of
$150,934 for the quarter ended June 30, 1999. Included in this amount is
accrued compensation of officers of $606,693, which represented the
compensatory element of stock bonuses to be issued pursuant to employment
agreements entered into subsequent to the effective date of the Bankruptcy
Plan of Reorganization. Also included was amortization and depreciation
expense of $58,622 and professional fees of $70,221, which resulted
primarily from the dissolution of its former wholly-owned subsidiary and
the final settlements with pre-petition creditors.

Without the compensatory stock bonuses, amortization and depreciation
expense, and professional fees, loss from operations was $119,914 which is
primarily attributed to the development of Surfside Software Systems
Windows(R) technology-based TranWare(TM) applications and the initial
staffing of First United MortgageBanc.

For the quarter ended June 30, 2000, the Company realized an extraordinary
gain on the forgiveness of debt of $4,301,439 due to the dissolution of the
Company's former subsidiary, Direct Mortgage Partners, and the successful
negotiations with creditors corresponding pre-petition liabilities.
The net income available to common stockholders for the quarter ended June
30, 2000 is $2,935,529 compared to a net loss of $150,934 for the quarter
ended June 30, 1999.

Steve Williams, President and CEO stated, "This quarter marked a
significant turning point in the newly-reorganized CFI's brief history."
Williams continued "if you want to succeed, the first thing to do is
survive. Strategy formulation today is the exercise of building and growing
an ongoing viable business, capable of sustaining itself and living for an
indefinite period. The process begins with recognition of the limitations
created by the corporate history. Imperative to CFI's ongoing success was
the strengthening of its financial position."

The following table highlights key transitions in the strengthening of
CFI's balance sheet over the last year:

Period Ended:     09/30/99       12/31/99       03/31/00       6/30/00
Assets:          $ 210,505      $ 178,718    $ 1,612,752   $ 4,710,259
Liabilities:   $10,708,808    $ 7,862,038    $ 8,211,446   $ 3,685,540
Shareholder
Equity:       -$10,498,303   -$ 7,683,320    -$6,598,694   $ 1,024,719

Williams, in looking to future quarters stated "with the majority of the
balance sheet issues behind us, the Company can now concentrate on revenue
growth and profitability." Williams added that the revenues generated by
the Company in the month of July 2000 alone, surpassed total revenues for
the three-month period ended June 30, 2000.

CFI's goal is to introduce a solution into the financial services
marketplace, offering it as the most efficient and flexible web-enabled
mortgage solution that supports all borrowing channels, consumer direct,
retail and wholesale. To find out more about the company, visit
www.cfiinc.com.


CHARTER BEHAVIORAL: Psychiatric Firm Pays Government $7MM To Settle Fraud
--------------------------------------------------------------------------
According to the Justice Dept., The Commercial Appeal reports, Charter
Behavioral Health Systems, LLC, will pay the government $7 million to
settle Medicare claims.  The Department added that Charter was alleged to
have engaged in fraudulent billing acts and false documentation of patient
psychiatric services.  Charter denied all of the allegations.  The
government will receive $7 million by month-end or when Charter finalizes
the sale of its three facilities, whichever is first.

Alpharetta, Georgia-based Charter Behavioral filed for Chapter 11
protection on February 16, 2000 in the Wilmington, Delaware.


COMPLETE WELLNESS: Appeals Nasdaq Delisting
-------------------------------------------
CWC (Nasdaq: CMWL CMWLW) reported that it filed an appeal of a Nasdaq staff
decision to delist the Company's securities from the Nasdaq Small Cap
Market because CWC does not meet the net tangible asset requirement for
continued listing.  The delisting process has been suspended pending
resolution of the appeal.  If CWC is not successful in its appeal, the
Company's common shares will trade on the Nasdaq Bulletin Board (Over the
Counter) pending the submission, and subsequent review by Nasdaq, of the
Company's listing application.

Complete Wellness Centers, Inc. is a nationwide organization that
endeavors to provide member healthcare practices with administrative,
developmental, financial and practice management consulting assistance, as
well as to provide consumers access to traditional and alternative health
information, products and services.


CONTIMORTGAGE: Fitch Lowers Ratings Loan Pass-Through Cert. Series 1997-1
-------------------------------------------------------------------------
Fitch lowers the ratings of the ContiMortgage home equity loan pass-through
certificates, series 1997-1 class M-2 to `B` from `BB`, series 1997-2 class
B-1F to `CCC` from `B`, class M-2F to `BBB` from `A`, class B-1A to `CCC`
from `BB`, series 1997-3 class B-1F to `CCC` from `B`, class M-2F to `B`
from `BB`, and series 1997-4 class B to `B` from `BB`. All of the above
mentioned certificates will remain on Rating Watch Negative. In addition,
series 1997-5 class B will be placed on Rating Watch Negative.

The 1997-1 class M-2 certificates are collateralized by a pool of fixed-
rate, closed-end home equity mortgage loans. The rating action on the class
M-2 certificates is based on Fitch`s opinion that credit enhancement
provided to the class M-2 certificates by the class B certificates and
excess interest may not be sufficient to absorb greater than expected
credit losses on the home equity loans. The balance of the class B
certificates, which has been declining since Oct. 1999, is currently
$550,969 (0.14% of the original pool balance), down from the initial amount
of $5,000,000 (1.25% of original). Fitch`s opinions are based on an
analysis of ContiMortgage`s historical delinquency, loss and prepayment
performance. Since July 1999, cumulative losses have nearly doubled to
$18,213,235 (4.65% of the original pool balance) from $9,234,608. During
the July 2000 distribution period, the mortgage pool incurred a $921,026
loss. As of the July 2000 distribution date, 30-day and 60-day
delinquencies are 2.89% and 1.17%, respectively. Foreclosures and REOs are
6.44% and 2.88%, respectively. The class B certificates were recently
downgraded by Fitch to `D` from `B`.

The 1997-2 class M-2F and B-1F certificates are collateralized by a pool of
fixed-rate, closed-end home equity mortgage loans. The rating action on the
class M-2F certificates is based on Fitch`s opinion that credit enhancement
provided to the class M-2F certificates by the class B-1F certificates and
excess interest may not be sufficient to absorb greater than expected
credit losses on the home equity loans. The balance of the class B-1F
certificates, which has been declining since June 2000, is currently
$4,606,560 (0.88% of the original pool balance), down from the initial
amount of $6,563,000 (1.25% of original). The rating action on the class B-
1F certificates is based on Fitch`s opinion that greater than expected
credit losses on the home equity loans will continue to write down the
class B-1F certificates. Overcollateralization, which is created by paying
down the senior certificates with excess interest, has been exhausted ($0)
since June 2000, down from the required amount of $5,250,000 (1.00% of
original the original pool balance). Fitch`s opinions are based on an
analysis of ContiMortgage`s historical delinquency, loss and prepayment
performance. Since July 1999, cumulative losses have more than doubled to
$21,766,201 (4.21% of the original pool balance) from $9,949,836. During
the July 2000 distribution period, the mortgage pool incurred a $1,989,232
loss. As of the July 2000 distribution date, 30-day and 60-day
delinquencies are 2.97% and 1.74%, respectively. Foreclosures and REOs are
5.66% and 2.99%, respectively. The class M-2 certificates were recently
placed on Rating Watch Negative. The class B certificates were recently
downgraded by Fitch to `B` from `BB` and are on Rating Watch Negative.

The 1997-2 class B-1A certificates are collateralized by a pool of
adjustable-rate, closed-end home equity mortgage loans. The rating action
on the class B-1A certificates is based on Fitch`s opinion that greater
than expected credit losses on the home equity loans will continue to write
down the class B-1A certificates. Overcollateralization was exhausted ($0)
in July 2000, down from the required amount of $3,100,000 (1.00% of
original the original pool balance). Fitch`s opinions are based on an
analysis of ContiMortgage`s historical delinquency, loss and prepayment
performance. Since July 1999, cumulative losses have doubled to $9,353,584
(3.08% of the original pool balance) from $4,686,281. During the July 2000
distribution period, the mortgage pool incurred a $908,105 loss. As of the
July 2000 distribution date, 30-day and 60-day delinquencies are 4.05% and
2.15%, respectively. Foreclosures and REOs are 6.6% and 5.01%,
respectively. The class B-1A certificates were recently downgraded by Fitch
to `BB` from `BBB` and are on Rating Watch Negative.

The 1997-3 class M-2F and B-1F certificates are collateralized by a pool of
fixed-rate, closed-end home equity mortgage loans. The rating action on the
class M-2F certificates is based on Fitch`s opinion that credit enhancement
provided to the class M-2F certificates by the class B-1F certificates and
excess interest may not be sufficient to absorb greater than expected
credit losses on the home equity loans. The balance of the class B-1F
certificates, which has been declining since July 2000, is currently
$6,984,487 (0.74% of the original pool balance), down from the initial
amount of $9,450,000 (1.00% of original). The rating action on the class B-
1F certificates is based on Fitch`s opinion that greater than expected
credit losses on the home equity loans will continue to write down the
class B-1F certificates. Overcollateralization was exhausted ($0) in July
2000, down from the required amount of $9,450,000 (1.00% of original the
original pool balance). Fitch`s opinions are based on an analysis of
ContiMortgage`s historical delinquency, loss and prepayment performance.
Since July 1999, cumulative losses have more than doubled to $35,876,141
(3.88% of the original pool balance) from $13,490,134. During the July 2000
distribution period, the mortgage pool incurred a $3,768,221 loss. As of
the July 2000 distribution date, 30-day and 60-day delinquencies are 3.01%
and 1.46%, respectively. Foreclosures and REOs are 5.72% and 3.38%,
respectively. The class M-2F certificates were recently downgraded by Fitch
to `BB` from `A` and are on Rating Watch Negative. The class B-1F
certificates were recently downgraded by Fitch to `B` from `BBB` and are on
Rating Watch Negative.

The 1997-4 class B certificates are collateralized by a pool of fixed-rate,
closed-end home equity mortgage loans. The rating action is based on
Fitch`s opinion that credit enhancement provided to the class B
certificates by overcollateralization and excess interest may not be
sufficient to absorb greater than expected credit losses on the home equity
loans. Overcollateralization, has declined to $4,659,468 (0.31% of the
original pool balance), from the required amount of $15,250,000 (1.00% of
original). Fitch, based on its analysis of ContiMortgage`s historical
delinquency, loss and prepayment performance, believes that continued
losses will likely deplete the overcollateralization amount and cause the
class B certificates to be written down. Such an occurrence would make it
less likely that the class B certificate principal amount would be paid in
full. Since July 1999, cumulative losses have more than tripled to
$48,111,161 (3.2% of the original pool balance) from $15,486,021. During
the July 2000 distribution period, the mortgage pool incurred a $4,639,928
loss. As of the July 2000 distribution date, 30-day and 60-day
delinquencies are 2.94% and 1.19%, respectively. Foreclosures and REOs are
4.66% and 3.15%, respectively. The class B certificates were recently
downgraded by Fitch to `BB` from `BBB` and are on Rating Watch Negative.

ContiFinancial Corporation, the parent of ContiMortgage is rated `D` by
Fitch. In July 2000, Fairbanks Capital Corp. (Fairbanks) acquired the
servicing portfolio and operations of ContiMortgage. Fairbanks is currently
rated `RPS2` for primary servicing of residential subprime loans and `RSS1
for special servicing.

  
DNR USA: Plan Consummated and Ready for Entry of a Final Decree
---------------------------------------------------------------
DNR USA, Inc., DNR North America, Inc., and Marker International, request
entry of a final decree from the U.S. Bankruptcy Court for the District of
Delaware to formally close the Reorganized Companies' Chapter 11 cases.  
The Reorganized Debtors advise that their plan was substantially
consummated, and all motions, contested matters and other proceedings which
were before the Court have been resolved.


DYNAMATIC CORPORATION: Obtains Extension of Exclusive Period through Dec. 4
---------------------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware entered an order on
August 3, 2000 providing that Dynamatic Corporation is granted an extension
of time during which it shall have the exclusive right to file a plan of
reorganization through and including December 4, 2000 and Dynamatic
Corporation is granted an extension of time to solicit acceptances of its
plan through February 2, 2001.


DYNAMATIC CORPORATION: Bankruptcy Court Sets October 2 Bar Date
---------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Delaware entered an order on
August 3, 2000 providing that all proofs of claim asserting prepetition
claims against Dynamatic Corporation must be filed with the bankruptcy
clerk a 4:00 p.m., October 2, 2000, Bar Date.  


EINSTEIN/NOAH: Seeks To Delay Action on $1.8MM Claim Against Boston Chicken
---------------------------------------------------------------------------
Einstein/Noah Bagel Corp. (ENBXQ) is asking Judge Case in Phoenix to delay
proceedings on the company's $1.8 million claim filed in the Boston Chicken
Inc. (BOSTQ) bankruptcy case until after Einstein/Noah's reorganization
plan is confirmed, Federal Filings reports.  However, the trustee of Boston
Chicken's reorganization plan trust is fighting the request, saying he
needs a "prompt ruling" on his objections to the claims.  In its emergency
motion asking for the delay, FedFiles relates, Einstein/Noah notes that in
March it filed two proofs of claim in Boston Chicken's bankruptcy case, one
of which asserted a $1.8 million administrative claim against the fast food
chicken chain. Boston Chicken owns 52% of Einstein/Noah's outstanding
stock. (ABI 21-Aug-2000)


FAMILY GOLF: Judge Bernstein Approves Klak's Purchase Of Golf Facilities
------------------------------------------------------------------------
Chief Judge Stuart M. Bernstein, Newsday reports, approved the sale of 34
golf facilities of Family Golf Centers, Inc. amounting to $16.15 million to
Klak Golf, LLC. After a joint effort between other bidders to outbid the
Chicago-based real estate, Klak ruled.  The U.S. Bankruptcy Court in
Manhattan approved the sale that will close in 30 days, according to Harold
Bordwin, adviser to Family Golf.

Family Golf filed for bankruptcy protection under Chapter 11 in May. The
company, which operates 100 golf facilities, ice skating rinks and family
entertainment centers defaulted on a loan, which caused the filing.

Klak is a newly formed venture among Chicago-based Klaff Realty,
Northbrook, Ill.-based Kemper Sports Management and Philadelphia-
based Lubert Adler Real Estate Funds. Klaff is one of the nation's top
bargain hunters of distressed retail real estate.


GENESIS/MULTICARE: Motion For Authority To Pay Prepetition Regulatory Fees
--------------------------------------------------------------------------
Each year, Genesis Health Ventures, Inc., and The MultiCare Companies,
Inc., are required to pay the Regulatory Agencies (i) yearly fees in order
to remain in good standing to operate their facilities and (ii) license
fees.

The aggregate amount of Regulatory Fees the GHV paid in fiscal year was
approximately $1.8 million. The GHV Debtors say they are not certain that
they owe the Regulatory Agencies any prepetition Regualtory Fees. For
Multicare, the aggregate amount paid for 1999 totaled approximately
$884,000. Through April 30, 2000, Multicare paid approximately $289,000 in
Regulatory Fees for calenday year 2000. Multicare believes thay are current
on the Regulatory Fees.

Because it is essential to the Debtors' operations that the government does
not revoke or refuse to renew any of the Debtors' business licenses, and
"out of an abundance of caution", GHV and Multicare sought and obtained
Court authority to pay Regulatory Fees, including any prepetition amounts
that may be due.  (Genesis/Multicare Bankruptcy News, Issue No. 3;
Bankruptcy Creditors' Service, Inc., 609/392-0900)


GEOTELE.COM: Emerges From Bankruptcy; Deploys Cisco Voip Gateways
-----------------------------------------------------------------
Geotele.com, Inc. (OTC:GEOL) announced that it has successfully emerged
from bankruptcy and is actively establishing a Voip network in order to
terminate international voice calls.

Phase One of Geotele.com's business plan initially calls for deploying
Cisco (Nasdaq:CSCO) Voip Gateways in 13 Countries and sell the traffic to
major carriers. The entire network should be fully operational by the end
of September 2000. Initial revenues from this system should begin to flow
in the first week of September 2000. Beginning in October 2000, the company
plans to move to phase two of its business plan, which calls for
accelerated deployment, and the introduction of enhanced services.

Geotele.com, Inc. believes that it has a certain advantage over other Voip
competitors in that it operates and controls the Gateways on both ends.
Many others in the industry rely on partners or other alliances in the
terminating country.

Overhead for Geotele.com, Inc. has been drastically reduced from prior
years with a sharply reduced staff, closeout of office space, and
elimination of debt service. This should afford Geotele.com, Inc. an
opportunity to turn profitable with relatively modest revenues.


GLOBAL TISSUE: Responds to Committee's Objection to Use of Cash Collateral
--------------------------------------------------------------------------
Global Tissue LLC responds to the objection of the Official Unsecured
Creditors' committee to the debtor's motion for an order authorizing
approval of a final order authorizing the use of cash collateral.

In its objection the Committee alleges that the debtors is influenced and
controlled by the Bank Group. While the debtor admits that the Bank Group
has taken an active role, they do hold an alleged secured claim of over $70
million. The debtor states that the Bank Group did not control hiring of
Saul, Ewing, and that the debtor's willingness" to enter into dialogues
with certain parties-in-interest has never compromised the integrity of the
debtor's case nor caused the debtor to ever breach its fiduciary
obligations."

Further, the debtor states that the Committee is not entitled to a piece of
the debtor's professional's carve-out simply because it is not satisfied
with the result of its won negotiation for a carve-out.

The debtor states that it will investigate alleged security interests and
liens of the Bank Group, if appropriate. And that the debtor is completely
independent and will exercise its fiduciary duty with respect to pursuing
claims against he Bank Group if necessary. The debtor asks the final order
approving the Cash Collateral Motion should be approved.


GRAND UNION: Food Retailer Lays Off 170 Workers As Part of Restructuring
------------------------------------------------------------------------
Grocery chain Grand Union Co., The Star-Ledger reports, laid-off 170 more
workers -- mostly in its Wayne, New Jersey, headquarters and Clifton Park,
N.Y.  President and CEO, Gary Philbin says, "For Grand Union to become a
successful food retailer once again, we simply have to get our overhead and
administrative costs down to more realistic levels."  Included in the job
cuts were the manager of customer service, vice presidents for real estate
and benefits and field specialists in meat, produce, deli and bakery.

Bowing to creditor pressure, the grocer hired Merrill Lynch & Co. and
Alvarez & Marsal Inc. to devise a business plan by Sept. 1 for the rest of
fiscal year 2001 (which began April 2) and fiscal year 2002.

Grand Union's been through the chapter 11 process twice and has changed
management three times already in five years.  New management, hired in
February, has been struggling to keep the company on its feet.  


GULF STATES STEEL: Taps The Recovery Group as Crisis Manager
------------------------------------------------------------
Gulf States Steel, Inc. of Alabama seeks to retain and employ The Recovery
Group as its crisis managers for purposes of providing business advice and
consultation regarding the debtor's current financial issues and the
development of strategies appropriate to the stakeholder's interests and
other such services that are necessary for the purposes of maximizing the
current value of the debtor's estate in connection with the debtor's
Chapter 11 case.

AS provided in the affidavit of John S. Sumner, Jr., a director of The
Recovery Group, the nature and extent of services of the firm is as
follows:

a) Overall validation of the wind down plan that was recently prepared by
     the debtor, including alternatives to a straight liquidation that would
     enhance the value of the estate for all stakeholders;

b) Work with all parties of interest to determine if there is any
     opportunity to restructure or sell all or parts of the business on a
     going business basis to enhance the value of the estates;

c) Assist the debtor in creating a liquidation and/or restructuring plan
     and budget;

d) Provide reporting to the stakeholders on a weekly basis;

e) Assist the debtor in overseeing the implementation of the liquidation
     and/or restructuring of the debtor's assets;

f) Assist the debtor in its relationships with existing lenders and
     creditors;

g) Perform the duties of the Liquidation Officer or Restructuring officer
     for the estate;

h) Assist with other such matters as the debtor and debtor's counsel may
     request.

The Recovery Group's professional fees for the above services will be at
the rate of $150-$400 an hour depending on the staff members assigned to
the project. In addition, the debtors will be billed an administrative fee
of 4.5% of professional fees. The Recovery Group will require a $200,000
"carve-out" to be agreed to by senior lenders and the Court.


HARNISCHFEGER INDUSTRIES: Needs More Time to Review Unexpired Leases
--------------------------------------------------------------------
Harnischfeger Industries, Inc., and its debtor-affiliates remind the U.S.
Bankruptcy Court for a fourth time that they are performing a complex and
time-consuming task of evaluating every aspect of their business and the
profitability of each of their operations, in the context of a complex
operating and financing structure.  They tell Judge Walsh that they are
parties to numerous leases and subleases. With their situation, although
they have started to review some of their Unexpired Leases, and have filed
some motions for rejections, they do not believe they will be able to make
reasoned decisions about the assumption or rejection at this time.

Because the Debtors do not want to forfeit their rights to assume any
Unexpired Lease as a result of the "deemed rejected" provision of section
365(d)(4) of the Bankruptcy Code, the Debtors sought and obtained a
further extension of the deadline through the earlier of (i) the effective
date of a plan of reorganization and (ii) December 1, 2000, without
prejudice to the right of any lessor to request that the extension be
shortened as to a particular lease agreement. (Harnischfeger Bankruptcy
News, Issue No. 26; Bankruptcy Creditors' Service, Inc., 609/392-0900)


HEILIG-MEYERS: NYSE Suspend Trading & Applies to SEC to Delist Shares
---------------------------------------------------------------------
The New York Stock Exchange announced that trading in the Common Stock of
Heilig-Meyers Company -- ticker symbol HMY -- is suspended.  Following
suspension, application will be made to the Securities and Exchange
Commission to delist the issue.

The Exchange's action is being taken in view of the fact that on August 16,
2000, the Company announced that it and certain of its subsidiaries have
filed voluntary petitions for reorganization under Chapter 11 of the
Bankruptcy Code.

The NYSE noted that it may, at any time, suspend a security if it believes
that continued dealings in the security on the NYSE are not advisable.


HOGIL PHARMACEUTICAL: Monthly Operating Statement Shows Continued Losses
------------------------------------------------------------------------
Hogil Pharmaceutical Corp. filed a monthly operating statement for the
period July 1, 2000 to July 31, 2000. The debtor reports monthly
disbursements of $243,409 and a monthly loss of $44,885. The debtor reports
total assets of $15,092,472 and total liabilities and stockholders' equity
of $15,092,472.

The debtor is represented by the law firm of Salomon Green & Ostrow, PC,
485 Madison Avenue, New York, NY.


INTEGRATED HEALTH: Stipulations For Adequate Protection of Finova Mortgage
--------------------------------------------------------------------------
Finova Capital Corporation holds a $10 million Promissory Note secured by a
mortgage granted by Integrated Health Services, Inc., on property located
at 6160 South Loop East Houston, Texas 77087.  The Integrated Debtors
believe they have equity in the mortgaged property, and absent any
agreement, Finova might try to charge higher default interest rates under
the Promissory Note.

Therefore, the Debtors agree to give adequate protection to Finova by
paying Finova a lump-sum equal to accrued but unpaid interest due under the
Note since the Filing Date, calculated at the non-default contract rate of
interest, and thereafter, the Debtors will pay monthly payment of interest
at the non-default contract rate. The Debtors also agree to keep in place
insurance on the Property and to pay, when due, all post-petition taxes,
assessments and similar charges.

In return, Finova will waive its claim for interest at the default rate and
interest on overdue installments (interest at non-default contract rate is
not waived).  Finova will also waive costs and expenses including attorney
fees, premiums and penalties.

However, the parties expressly indicate that they will reserve rights with
respect to valuation matters and to final allocation of the adequate
protection payments to ultimately allowed proofs of claims, including the
determination of whether the Mortgagee is an over-secured or under-secured
creditor.

By way of a Stipulation and Order, the parties make it clear that their
agreement with regard to this matter will not prejudice rights in
connection with the confirmation of any plan of reorganization in the
Debtors' chapter 11 cases.

Furthermore, all adequate protection payments will he suspended if the
Mortgagee files any motion or adversary proceeding seeking to compel relief
against the Debtors without the Debtors' prior written consent.

The Stipulation and Order also provides that the agreed terms with regard
to this matter will terminate upon the earliest of (a) a payment default by
the Debtors that is not cured after ten business days' written notice, (b)
conversion of the IHS reorganization case to chapter 7 or the appointment
of a trustee in such reorganization case, (c) substantial consummation of a
plan of reorganization in these cases, or (d) the six month anniversary of
the Court's approval of this Stipulation and Order; provided that such
period will automatically be extended for successive periods of six months
each, unless either party provides a written notice of termination to the
other party at least twenty days prior to the expiration of such period.

Judge Walrath approved the Agreement in all respects. (Integrated Health
Bankruptcy News, Issue No. 7; Bankruptcy Creditors' Service, Inc., 609/392-
0900)


KITTY HAWK: Committee Files Motion To Assert Debtors' Causes of Action
----------------------------------------------------------------------
The Official Unsecured Creditors' Committee files a motion for authority to
bring causes of action on behalf of the debtors, Kitty Hawk, Inc. and its
subsidiaries arising from certain fraudulent transfers.

Jeff Prostok, Esq., of Forshey & Prostok, LLP, in Fort Worth tells Judge
Houser that Kitty Hawk and Haynes & Boone LLP "possess disabling conflicts
preventing them from prosecuting the avoidance of the obligations of the
Subsidiaries under the guarantees."  H&B represents Kitty Hawk in is
chapter 11 cases and issued pre-petition legal opinions that the Committee
now questions.  

On account of the deficiency claims and alleged intercompany guaranties, it
is projected that the holders of the Senior Notes collectively will claim
more than 50 percent of the total unsecured debt in this aggregate case.
The Noteholders' deficiency claim may exceed $200,000,000. The subsidiaries
have allegedly guaranteed this indebtedness.

The determination of the validity of the guarantees and the allocation of
the deficiencies to the various subsidiaries is critical. The Committee
requests leave to bring suit to avoid or set aside obligations incurred by
the guarantees of the Senior Notes all as fraudulent transfers, whether
constructive or actual, and to recover all fraudulently transferred
property for the benefit of the debtors' estate and its creditors. The
Committee also anticipates filing objections to the claims of the
Noteholders, utilizing the same theories of avoidance.

On August 4, 2000 the Committee requested authority from the debtor to
avoid the subsidiary guarantees of the Senior Secured Notes due 2004.  The
debtor refused.  The Committee states that the claims are more than
colorable. Without the avoidance of the Subsidiaries guarantees, authorized
and mandated under the facts and law, other unsecured creditors will
receive a grossly unfair distribution under any plan proposed or confirmed.


LOEWEN GROUP: Motion To Reject Employment Agreement With James Terebinski
-------------------------------------------------------------------------
Loewen Group International, Inc., seeks the Court's authority to reject
employment agreement with James Terebinski on the ground that the burden of
continued performance under the agreement would exceed the benefits to the
Debtors' estates.

Pursuant to the agreement, Mr Terebinski's employment will be through
January 19, 2003 in the capacity of Superintendent at West Memory Gardens
Cemetery Association in Tipp City, Ohio. Under the agreement, Mr.
Terebinski is to receive a salary of $40,000 per year. LGII does not
believe that the services currently being provided by Terebinski, or his
other covenants under the Employment Agreement are commensurate with the
compensation he is receiving. (Loewen Bankruptcy News, Issue No. 25;
Bankruptcy Creditors' Service, Inc., 609/392-0900)


MANHATTAN INVESTMENT: U.S. Trustee Takes Issue with Zolfo Indemnification
-------------------------------------------------------------------------
Brian S. Masumoto, Esq., representing the United States Trustee for Region
II, takes issue with an indemnification provision contained in an
Engagement Letter entered into between Helen Gredd, Esq., the Chapter 11
Trustee appointed in the Manhattan Investment Fund, Ltd., reorganization
cases pending before Judge Lifland, and Zolfo Cooper, LLC, employed as the
Chapter 11 Trustee's Bankruptcy Consultants and Special Financial Advisors.

Specifically, the U.S. Trustee objects to this paragraph contained in the
May 24, 2000, Engagement Letter:

    The Debtors agree to indemnify and hold harmless Zolfo Cooper against
    any and all losses, claims, damages, liabilities, penalties, judgements,
    awards, costs, fees, expenses and disbursements including, without
    limitation, the costs, fees, expenses and disbursements, as and when
    incurred, of investigating, preparing or defending any action, suit,
    proceeding or investigation (whether or not in connection with
    proceedings or litigation in which Zolfo Cooper is a party), directly or
    indirectly, caused by, relating to, based upon, arising out of or in
    connection with the engagement of Zolfo Cooper by the Chapter 11 Trustee
    or any services rendered pursuant to such engagement, unless there is a
    final non-appealable order of a Court of competent jurisdiction, at the
    trial level, finding Zolfo Cooper directly liable for gross negligence
    or willful misconduct. These indemnification provisions extend to the
    principals, employees, representative, agents and counsel to Zolfo
    Cooper.

An absolute grant of indemnification, the U.S. Trustee says, is improper
under 11 U.S.C. Sec. 327 because the Debtors' bankruptcy estates should not
be required to reimburse Zolfo Cooper for Zolfo Cooper's own negligence
and, under certain circumstances, even for Zolfo Cooper's breach of trust,
bad faith, self dealing, breach of fiduciary duties (other than ordinary
negligence), gross negligence or willful or reckless misconduct.

Preapproval of Zolfo Cooper's indemnification in this case, without any
review for reasonableness, contravenes Section 330 of the Bankruptcy Code,
the U.S. Trustee continues, improperly compressed two distinct steps into
one: retention of professionals under Sec. 327 of the Bankruptcy Code and
approval of payments under Sec. 330 of the Bankruptcy Code.  Moreover, the
U.S. Trustee charges, "the indemnification provision constitutes blatant
overreaching by a professional that will be well compensated for its
services to the estates while placing further financial pressure upon the
Debtors and their creditor body."

The Chapter 11 Trustee has not met her burden or demonstrated that the
indemnification provision is a reasonable condition of Zolfo Cooper's
employment and in the best interests of the Debtors' estates, Mr. Masumoto
argues, and the U.S. Trustee urges Judge Lifland to strike the
indemnification provision of the Engagement Letter.


MANOR CARE: Moody's Lowers Debt Ratings From Baa3 To Ba1
--------------------------------------------------------
Moody's Investors Service lowered the long term debt ratings of Manor Care,
Inc. to Ba1 from Baa3.  Moody's notes that this rating action stems from
Manor Care's reduced levels of cash flow relative to expectations, and our
heightened concerns regarding the company's ability to improve earnings
growth over time in a difficult operating environment. Manor Care decided
in May, 2000 to remain independent rather than pursue a management buy-out,
and more recently, the company's share price has improved somewhat.
However, we remain concerned that the company will need to consider other
strategic initiatives, including share repurchases, in order to further
restore shareholder value but which may reduce financial flexibility.

Moody's believes that a combination of internal and external issues has led
to recent deterioration in cash flow to a level significantly below earlier
expectations. Internally, the company has decided to terminate any future
involvement in development of assisted living facilities, and difficulties
experienced by its joint venture partner may increase exposure to
previously shared development risk. More importantly, assisted living,
which, at one time, represented a key growth vehicle for the company, no
longer holds the promise that it once did. In addition, Manor Care's
investment in Genesis (which recently filed for bankruptcy) has not met
earnings or cash flow expectations.

Although Manor Care has been among those better able to adjust to
reimbursement changes set forth under the Balanced Budget Act of 1997
(BBA), like other long term care companies, it is now contending with
unusually high liability and labor expenses. We are particularly concerned
with the current environment for liability, especially in Florida, where
litigation expenses have increased eight-fold since 1998. Moody's notes
that the company has recently attempted to limit its exposure to this issue
by retaining insurance for claims beyond $40 million which occur after June
2000; nonetheless, we remain concerned that this environment may result in
fewer insurance companies continuing to underwrite long term care liability
policies.

On the positive side, Manor Care has seen improvements in its Medicare
census which has offset the ongoing shift of private pay patients to
assisted living facilities, and the company should benefit from both
legislated and proposed give-back legislation. In addition, after adjusting
for one-time items, the company's free cash flow levels, albeit lower than
originally anticipated, are not subject to the same working capital issues
facing acute care providers. As a result, the rating outlook is stable.

Headquartered in Toledo, Ohio, Manor Care, Inc., through its operating
group HCR Manor Care, is a leading owner and operator of long-term care
centers in the United States. The company operates more than 450 long-term
care centers, assisted living facilities, outpatient rehabilitation clinics
and home health care offices, primarily under the ManorCare, Heartland and
Arden Court names.


MERIT ENERGY: Meota Resources Buys Six Properties for $56.5 Million
-------------------------------------------------------------------
Meota Resources, The National Post reports, obtained court approval to
purchase $56.5 million of assets from troubled Merit Energy of Canada.
Alberta's Court of Queen's Bench gave Meota the green light to acquire the
six properties from the firm that underwent receivership and sought legal
protection from creditors. The acquisition includes 80,000 hectares of land
and will be pumping 6,800 BOE a day for the whole year. The purchase will
be financed by bank debt. Meota says that the properties were
"underexploited for the past half year."


MMH HOLDINGS: Asks For Approval to Recapitalize South African Subsidiary
------------------------------------------------------------------------
MMH Holdings, Inc., et al., filed a motion for a court order authorizing
the debtors to approve and direct a recapitalization of a South African
non-debtor subsidiary and related transactions with the U.S. Bankruptcy
Court for the District of Delaware.

The debtors have determined that it is in the best interests of their
estates and creditors to divest their indirectly wholly-owned South African
subsidiary, Morris Mechanical Handling (Pty) Limited. In order to
consummate the sale, the subsidiary must restructure its current debt and
equity structure to comply with South African law and the requirement of
its local financing lending institution and prospective purchasers.

The divestiture will bring up to approximately $430,000 into the estates
through the satisfaction of an inter-company note.

As of May 31, 2000, Morris Mechanical had assets and liabilities of
approximately $3.2 million and $4.5 million, respectively.

The debtors have determined to sell the company because it is an
underperforming non-core asset that represents a distraction to management
and is a drain on resources. It only accounts for 2% of the company's
assets and has been operating at a loss for the last 18 months.


NATIONAL RESTAURANTS: Judge Blackshear Confirms Debtors' 2nd Amended Plan
-------------------------------------------------------------------------
By order entered on July 26, 2000, the Honorable Cornelius Blackshear, U.S.
Bankruptcy Court, Southern District of New York entered an order confirming
the second amended joint Chapter 11 plan of reorganization proposed by
National Restaurants Management, Inc., et al.  

The plan provides that the holders of Class 2 ALGM Secured Claim and the
Class 4 General Unsecured Claims are impaired.  In accordance with the
ALGM Settlement Agreement, the holder of the claim shall receive a
distribution of $1 on the First Distribution Date.  The balance of the ALGM
claim is classified and treated as Class 4 General Unsecured Claim. ALGM
holds a valid and enforceable prepetition claim of approximately $120
million.

Holders of allowed general unsecured claims shall receive a distribution of
1% of their allowed claim on the First Distribution Date or as soon as
practicable thereafter.  In accordance with the terms and conditions of the
ALGM Settlement Agreement, the distribution to be made on account of the
general unsecured claim of ALGM shall not exceed $1 million.  The debtors
estimate that the total amount of Allowed Class 4 Claims shall be
approximately $130,000,000.



NUTRAMAX PRODUCTS: Order Extends Time to Assume & Reject Leases to Oct. 3
-------------------------------------------------------------------------
By order of the U.S. Bankruptcy Court for the District of Delaware on
August 8, 2000, and pursuant to Section 365(d)(4) of the Bankruptcy Code,
the time period within which Nutramax Products, Inc., must elect to assume
or reject its leases is extended through October 3, 2000.


PHYSICIANS RESOURCE GROUP: 4th Reappointment of Physicians' Committee
---------------------------------------------------------------------
The United states Trustee appoints the following persons to the Official
Physicians' Committee in the above-referenced case until September 14, 2000
unless further extended by order of the court or reappointment by the US
Trustee.

1. Dr. Robert Burlingame, Chair
     1303 N. Travis
     Sherman, Texas 75092

2. Dr. Fred McMillan, Vice Chair
     1421 North State, #503
     Jackson, MS 39209

3. Dr. Steve Elieff
     4325 N. Josey #305
     Carrollton, TX 75010

4. Joseph C. Noreika
     3583 Reserve Commons Drive
     Medina, OH 44256

5. Kris Richards
     1345 West Bay Drive, Suite 101
     Largo, Florida 33770

6. Dr. Lawrence Shafron
     2210 San Jacinto Blvd.
     Denton, TX 76201

7. Elizabeth Boudreau
     5540 Saratoga, Suite 200
     Corpus Christi, TX 78413

8. Pacia Roberts
     4205 McAuley Blvd., Suite 401
     PO Box 1184
     Oklahoma City, OK 73101

9. Henry Tucker
     900 Medical Circle
     Myrtle Beach, SC 29572-4114


PRIME RETAIL: FBR-AIC Defaults $20 Million Subordinated Loan
------------------------------------------------------------
Prime Retail, Inc. (NYSE: PRT, PRT.PRA, PRT.PRB) announced that it is in
default of the $20 million subordinated loan made by FBR Asset Investment
Corporation ("FBR-AIC") that matured on August 14, 2000.  The $20 million
loan is secured by the pledge of equity interests owned by Prime Retail in
subsidiaries that own various Prime Outlets projects. Among the interests
pledged is a 100% equity interest in the affiliate of the Company which
owns the recently opened Prime Outlets of Puerto Rico. As previously
announced, the Company has been in discussions with FBR-AIC to extend the
maturity of the loan.

FBR-AIC has advised Prime Retail that it will not extend the loan and
provided a notice of default. In the notice FBR-AIC notified Prime Retail
that the loan is due and payable and interest on the loan will accrue at
the default rate until the loan is repaid. Prime Retail remains in
discussions with FBR-AIC concerning the loan.

As previously announced, Prime Retail plans to pay off the FBR-AIC loan
with funds received in the first phase of the $110 million financing it
expects to complete with Lehman Brothers. The first phase of the Lehman
Brothers financing, a $20 million first mortgage loan on Prime Outlets of
Puerto Rico, is expected to close on or about September 1, 2000. There can
be no assurance as to whether or when the proposed Lehman Brothers
financing will be completed.

The default under the FBR-AIC loan triggered cross-default provisions with
respect to other Company debt facilities. The Company is in discussions
with the affected lenders regarding either paying off these loans in their
entirety using proceeds from the Lehman Brothers loans or modifying the
terms so that the Company will be in compliance at the time the Lehman
Brothers loans close. There can be no assurance that one or all of the
affected lenders will not attempt to accelerate the maturity of its loans
or pursue other remedies under their loan documents in a court of law.
Prime Retail is a self-administered, self-managed real estate investment
trust engaged in the ownership, development, construction, acquisition,
leasing, marketing and management of outlet centers throughout the United
States and Puerto Rico. As of August 1, 2000, Prime Retail's outlet center
portfolio consisted of 52 operating outlet centers in 26 states and Puerto
Rico totaling approximately 15.1 million square feet of GLA. The Company
also owns three community shopping centers totaling 424,000 square feet of
GLA and 154,000 square feet of office space. As of July 31, 2000, Prime
Retail's outlet center portfolio was 91% occupied. Prime Retail has been an
owner, operator and a developer of outlet centers since 1988. For
additional information, visit Prime Retail's web site at
www.primeretail.com.


REGAL CINEMAS: Movie Company Suffers Loss & Forced To Restructure Assets
------------------------------------------------------------------------
Company officials of Knoxville-based Regal Cinemas, the Associated Press
reports, announced that the movie company is forced to restructure its
assets. Aside from an expansion that left Regal in debt of $1.8 billion,
the company also announced a net loss of $29.4 million for its second-
quarter result. CEO Mike Campbell said in March, that the company will shut
down 15 percent of its screens and has slowed building.

Regal Cinemas is the world's largest company with nearly 4,500 screens in
32 states, including Virginia.  Regal gathers revenues from admissions,
concession sales and from electronic video games on location and on-screen
advertisements.


ROCK-TENN CO.: Moody's Places Debt Ratings Under Review For Downgrade
---------------------------------------------------------------------
Moody's Investors Service placed the long term debt ratings of Rock-Tenn
Co. under review for possible downgrade. This rating actions are prompted
by Moody's concerns that on-going weakness in Rock-Tenn's core paperboard
business will continue to pressure earnings, leaving debt protection
measurements weaker and debt levels higher than anticipated, and that
significant management turnover may impede implementation of the company's
business improvement plans.

Ratings under review for possible downgrade:

    i)  Rock-Tenn Co. - senior notes - currently Baa2,
  
    ii) senior unsecured shelf - currently (P)Baa2

Moody's notes that the Baa2 rating for Rock-Tenn Co senior debt
incorporated our expectation that Rock-Tenn would steadily reduce its
outstanding debt with growing cash from operations. This review is prompted
by our concerns that weakened fundamentals in the company's core recycled
paperboard operations, as well as disappointing results from the 1997
Waldorf Corporation acquisition will continue to impair the company's
generation of cash from operations, impeding its ability to reduce its
leverage, currently at almost 60% debt to capital.. Our review will focus
on the company's plans for improving operations in the face of the
difficult operating environment, including any changes that Rock-Tenn's new
management team may intend to implement. We will also consider the extent
to which Rock-Tenn's position in the folding carton markets and its
continued focus on cost-cutting can improve its results.

Rock-Tenn Co., headquartered in Norcross, Georgia, is a producer and
converter of paperboard and folding cartons.


ROYSTER-CLARK: Moody's Places Rating On Review For Possible Downgrade
----------------------------------------------------------------------
Moody's Investors Service placed the ratings of Royster-Clark, Inc. on
review for possible downgrade. The ratings include the B2 rating of its
$200 million first mortgage notes, due 2009, the Ba3 rating of its $275
million secured revolving credit facility, maturing 2004, the B1 senior
implied rating, and the B2 senior unsecured issuer rating.

The rating action reflects Moody's concerns about the operating earnings
outlook for 2000, as compared with earnings that were anticipated at the
time of the initial rating in April 1999. The review will focus on
evaluating the financial results of the second quarter, which is the key
earnings quarter in the cyclical fertilizer industry, and on the sales,
earnings, and cash flow outlook as related to creditor protection measures.
Moody's understands that an amendment to the credit facility agreement has
been finalized.

Royster-Clark, Inc., headquartered in New York, New York, is an independent
supplier and distributor of fertilizers, crop protection products, seed,
and services to farmers in the South, Midwest and East regions of the
United States, and a manufacturer and wholesaler of nitrogen products for
agricultural and industrial uses.


SAFETY-KLEEN: Deffenbaugh Wants Relief From Stay To Continue Kansas Suit
------------------------------------------------------------------------
Deffenbaugh Industries, Inc., and Industrial Service Corporation move the
Court for relief from the automatic stay to continue prosecution of their
September 1999 lawsuit against Safety-Kleen Systems, Inc., to final
judgment. Deffenbaugh and ISC offer to agree that any order awarding a
monetary judgment against the Debtors (other than a judgment regarding
money already deposited into an Escrow Account) will remain subject to the
automatic stay pending further order of the Bankruptcy Court.
Deffenbaugh and ISC explain that they filed a Complaint in the United
States District Court for the District of Kansas, Case No. 99-2390,
seeking:

    (A) a judicial declaration that they have no obligation to defend or
         indemnify Safety-Kleen Systems, Inc., in connection with a civil
         action filed against Safety-Kleen in the case of Signature Combs,
         Inc., et al. v. United States of America, Department of Defense,
         Civil Action No. 98-2968 TU-A, filed in the United States District
         Court for the Western District of Tennessee; and

    (B) a judicial declaration that all funds in excess of $1,500,000 that
         are currently being held in an Escrow Account be released to
         Deffenbaugh and ISC.

In September, Safety-Kleen filed its Answer and asserted a Counterclaim.
Discovery was completed on June 1, 2000. Dispositive motions would have
been filed on July 1, 2000, but for the filing of these chapter 11 cases.
The Kansas Court is prepared to schedule to case for trial the week of
November 7, 2000, if the Bankruptcy Court will lift the automatic stay.

Francis A. Monaco, Esq., and Kevin J. Mangan, Esq., of Walsh Monzack and
Monaco, P.A., in Wilmington, represents Deffenbaugh and ISC before the
Bankruptcy Court. Paul M. Hoffmann, Esq., at Morrison & Hecker, L.L.P.,
in Kansas City, Missouri, represents Deffenbaugh and ISC in the Kansas
Litigation. (Safety-Kleen Bankruptcy News, Issue No. 6; Bankruptcy
Creditors' Service, Inc., 609/392-0900)


SCB COMPUTER: Announces Delisting Of Common Stock By Nasdaq
-----------------------------------------------------------
SCB Computer Technology, Inc. announced that the Nasdaq Stock Market has
delisted its common stock. Nasdaq previously suspended trading in SCB's
common stock on April 14, 2000, and notified SCB of its initial
determination to delist the common stock on May 26, 2000. SCB appealed the
Nasdaq delisting determination to a Nasdaq Listing Qualifications Panel,
which stayed the delisting pending the issuance of a decision by the panel.

The panel issued its decision to affirm the delisting effective
immediately. As a result of the delisting, SCB is seeking to have its
common stock traded in the over-the-counter market and to have transactions
in its common stock quoted on the OTC Bulletin Board or another quotation
service. SCB will update investors on developments in this regard once they
occur.

As previously reported in the TCR last June 15, Nasdaq already announced
the notion of delisting the stock of SCB Computer, (Nasdaq: SCBI) due to
the shareholder class action lawsuit it was facing. The lawsuit charges SCB
Computer Technology and certain of its directors and officers with issuing
a series of false and misleading financial statements and press releases
concerning the Company's publicly reported revenues and earnings.


SENSITIVE CARE: Blames PharMerica for any False Medicare Claims
---------------------------------------------------------------
Prior to Bergen Brunswig Corporation's acquisition of PharMerica, Inc., the
United States Department of Health and Human Services, during the course of
a Medicare Audit of various nursing homes, requested PharMerica to produce
records related to intravenous pharmaceuticals provided to particular
nursing homes in 1997 and 1998. PharMerica cooperated with the audit and
complied with the request. PharMerica has learned that HHS auditors allege
that during the 1997-98 time frame, certain nursing homes, primarily
operating in Texas, improperly billed Medicare for intravenous
pharmaceuticals and related services. The government has been made aware
that PharMerica did not bill the Medicare program for the goods and
services it sold to nursing homes.

On or about June 1, 2000, the government filed a lawsuit against Fort
Worth, Texas-based Sensitive Care alleging that the chain of 13 nursing
homes filed false claims for Medicare reimbursement. The government has not
quantified the extent of any damages it allegedly suffered. Sensitive Care
has filed for bankruptcy in the Northern District of Texas, and its chapter
7 cases pend before Judge Felsenthal in Dallas. Thus, the government's
complaint against Sensitive Care has also been filed there, as a creditor's
claim.

In its Answer to the government's lawsuit, Sensitive Care has denied
liability, but has further alleges that PharMerica is liable for any false
claim liabilities that may be imposed against Sensitive Care under an
indemnification clause contained in the pharmacy services contract(s)
between PharMerica and the nursing homes Sensitive Care formerly operated.
In August of 2000, PharMerica expects to be served with a copy of Sensitive
Care's third-party complaint seeking indemnification. Bergen Brunswig, in
its latest Form 10-Q filed with the SEC, states that PharMerica intends to
defend vigorously against the imposition of any liability against it for
fraudulent billings that an independent third-party organization, like
Sensitive Care, may have submitted to the government.


SOUTHERN MINERAL: Hires Petrie Parkman & FirstEnergy As Financial Advisors
--------------------------------------------------------------------------
Southern Mineral Corporation (OTC Bulletin Board: SMOP) announced that,
in connection with its Board of Directors' desire to maximize shareholder
value, it engaged financial advisers Petrie Parkman & Co. and FirstEnergy
Capital Corp. These firms, which already are familiar with the Company's
management, business and assets, will advise the Company in connection with
its plan to develop and implement a strategy to immediately enhance
shareholder value.

Among other things, the Company is considering the possibility of pursuing
a strategic alliance, joint venture or merger.

The Company also reported that its oil and gas reserve estimates as of June
30, 2000 include proved oil and gas reserves of approximately 81.9 billion
cubic feet of gas equivalent (BCFE). Proved reserves are approximately 61%
natural gas on an energy equivalent basis, and 39% of the Company's proved
reserves are in Canada. Based upon commodity prices on June 30, 2000, the
Company's pre-tax SEC reserves discounted at 10% are estimated to be
approximately $155.5 million.

"We are pleased that the Company successfully emerged from bankruptcy
reorganization on August 1, 2000," stated Paul Coughlin, Southern Mineral's
new Chairman of the Board. "The reorganization converted in excess of $45
million in subordinated debt and accrued interest into 78% of the Company's
common stock. This de-leveraging coupled with strong commodity prices has
positioned the Company to further enhance shareholder value."

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 "SMOP.OB".


SUN HEALTHCARE: Delaware Court Extends Reorganization Plan Filing To Nov. 9
---------------------------------------------------------------------------
A Delaware bankruptcy court has approved another extension for Albuquerque,
N.M.-based Sun Healthcare Group as it reorganizes under a deal that
included the resignation of Chairman/CEO Andrew Turner, according to a
newswire report. It was the third extension granted for Sun's
reorganization plan. Mark Wimer, formerly Sun's chief operating officer,
replaced Turner as chief executive while board member James Tolbert became
chairman. Sun's Aug. 11 deadline for filing a reorganization plan was
extended by the Delaware-based federal court to Nov. 9 without objection
from creditors. Sun's annual report says the company believes it is owed
$74.5 million in Medicare payments by the federal government, but says "it
is unlikely that the company will recover any of these receivables because
it is likely the HHS (federal Health and Human Services Department) will
claim more than such amount." Sun told the court it faces 325 lawsuits; two
class-action lawsuits alone seek more than $1 billion. Sun's original
filing for protection from creditors under chapter 11of federal bankruptcy
laws showed assets of $1.8 billion and liabilities of $2.1 billion. The
company lost $1.09 billion last year. The new schedule gives Sun until Jan.
8, 2001, to persuade creditors to accept the plan. (ABI 21-Aug-00)


TEU HOLDINGS: Consent Order Extends Solicitation Period to Sept. 26
-------------------------------------------------------------------
By order entered on August 10, 2000 by Judge Peter J. Walsh, US Bankruptcy
Court, District of Delaware, the period under section 1121(c)(3) of the
Bankruptcy Code during which only TEU Holdings and its debtor-affiliates
may solicit acceptances of the liquidating plan of reorganization, is
extended to and including September 26, 2000.


URANIUM RESOURCES: Obtains New Sources of Financing to Retain Viability
-----------------------------------------------------------------------
Uranium Resources, Inc. (OTCBB:URIX) announced that it has raised $730,000
of equity by the issuance of 7.3 million shares of Common Stock at $0.10
per share to a group of private investors.

The investors were also issued five-year warrants to purchase an aggregate
of 5,475,000 shares of Common Stock at an exercise price of $0.20 per
share. The Company also announced that it has signed a letter of intent
with Texas regulatory authorities and the Company's bonding company that,
when finalized, would provide the Company access to up to $2.3 million of
Company funds pledged to secure the Company's restoration bonds.
Approximately $250,000 has been released to the Company to date under the
letter of intent. The funds are being used by the Company to perform
restoration at the Company's Kingsville Dome and Rosita mine sites in South
Texas. When finalized, the term of the agreement is expected to run through
the end of 2001. Discussions to finalize this agreement are ongoing and are
expected to be completed in August 2000.

The Company also stated that certain key employees will convert $186,756 of
previously deferred compensation into shares of Common Stock at $0.20 per
share. These persons will also continue to defer a portion of their
compensation and will be entitled to convert that deferred compensation
into shares of Common Stock at $0.20 per share. The Company will also issue
certain key employees stock options to acquire a total of 2.25 million
shares of Common Stock at $0.20 per share, subject to stockholder approval.
In addition, the Company will allow holders of current outstanding options
covering 903,632 shares of Common Stock at prices ranging from $0.25 per
share to $17.00 per share to surrender these options for new options with
an option price of $0.20 per share.

The Company also announced that it reached a compromise with its regulatory
counsel settling an outstanding indebtedness of approximately $560,000 for
a payment of $100,000 in cash, the assignment of certain claims, the
issuance of 720,000 shares of Common Stock and an agreement to issue an
additional 200,000 shares upon the occurrence of certain events.

Finally, the Company also announced that it has finalized its previously
announced settlement with the Liquidating Trustee in connection with the
bankruptcy of Oren L. Benton and certain of his affiliated companies. Under
the settlement, the Trustee released the Company from approximately $1.6
million in claims in exchange for the Company releasing certain claims,
assigning certain claims to the Trustee and the issuance of the Company's
$135,000 promissory note that requires no payments until maturity on July
17, 2005 and is convertible by the Trustee into shares of Common Stock at
$0.75 per share. The note is secured by a deed of trust covering the
Company's Kingsville Dome and Rosita properties.

Paul K. Willmott, Chairman and CEO stated, "I am pleased that our efforts
over the last year to maintain the financial viability of URI are having
some success. The Company's near-term ability to survive the downturn in
the uranium market was dependent upon the completion of the equity offering
and the implementation of the agreement with the Texas agencies and our
bonding company. The agreements we have announced should permit the Company
to remain operating for another five months. It will be necessary, however,
to obtain additional funds to permit us to survive thereafter, and our
efforts will be ongoing. Unless other funds become available from future
sources and the restoration agreement is finalized in a timely fashion, the
Company would more likely than not have to seek bankruptcy protection
before the end of January 2001."

Uranium Resources, Inc. is a Dallas based uranium-mining company, whose
shares trade on the OTC Bulletin Board under the symbol URIX. The Company
specializes in in-situ solution mining and holds substantial uranium
resources in South Texas and New Mexico.


Meetings, Conferences and Seminars
----------------------------------
September 7-8, 2000
    ALI-ABA and The American Law Institute
       Conference on Revised Article 9 of the
          Uniform Commercial Code
             Hilton New York Hotel, New York, New York
                Contact: 1-800-CLE-NEWS

September 12-17, 2000
    NATIONAL ASSOCIATION OF BANKRUPTCY TRUSTEES
       Convention
          Doubletree Resort, Montery, California
             Contact: 1-803-252-5646 or info@nabt.com

September 15-16, 2000
    AMERICAN BANKRUPTCY INSTITUTE
       Views From the Bench 2000
          Georgetown University Law Center, Washington, D.C.
             Contact: 1-703-739-0800

September 20-22, 2000
    RENAISSANCE AMERICAN MANAGEMENT & BEARD GROUP, INC.
       3rd Annual Conference on Corporate Reorganizations
          The Regal Knickerbocker Hotel, Chicago, Illinois
             Contact: 1-903-592-5169 or ram@ballistic.com

September 21-23, 2000
    AMERICAN BANKRUPTCY INSTITUTE
       Litigation Skills Symposium
          Emory University School of Law, Atlanta, Georgia
             Contact: 1-703-739-0800

September 21-24, 2000
    AMERICAN BANKRUPTCY INSTITUTE
       8th Annual Southwest Bankruptcy Conference
          The Four Seasons, Las Vegas, Nevada
             Contact: 1-703-739-0800

November 2-6, 2000
    TURNAROUND MANAGEMENT ASSOCIATION
       Annual Conference
          Hyatt Regency, Baltimore, Maryland
             Contact: 312-822-9700 or info@turnaround.org

November 27-28, 2000
    RENAISSANCE AMERICAN MANAGEMENT & BEARD GROUP, INC.
       Third Annual Conference on Distressed Investing
          The Plaza Hotel, New York, New York
             Contact: 1-903-592-5169 or ram@ballistic.com

November 30-December 2, 2000
    AMERICAN BANKRUPTCY INSTITUTE
       Winter Leadership Conference
          Camelback Inn, Scottsdale, Arizona
             Contact: 1-703-739-0800

February 22-24, 2001
    ALI-ABA
       Real Estate Defaults, Workouts, and Reorganizations
          Wyndham Palace Resort, Orlando (Walt Disney World), Florida
             Contact: 1-800-CLE-NEWS

March 28-30, 2001
    RENAISSANCE AMERICAN MANAGEMENT & BEARD GROUP, INC.
       Healthcare Restructurings 2001
          The Regal Knickerbocker Hotel, Chicago, Illinois
             Contact: 1-903-592-5169 or ram@ballistic.com

July 26-28, 2001
    ALI-ABA
       Chapter 11 Business Reorganizations
          Hotel Loretto, Santa Fe, New Mexico
             Contact: 1-800-CLE-NEWS

The Meetings, Conferences and Seminars column appears in the TCR each
Wednesday. Submissions via e-mail to conferences@bankrupt.com are
encouraged.

                                *********

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

A list of Meetings, Conferences and Seminars appears in each Wednesday's
edition of the TCR. Submissions about insolvency-related conferences are
encouraged. Send announcements to conferences@bankrupt.com.

Each Friday's edition of the TCR includes a review about a book of interest
to troubled company professionals.  All titles available from Amazon.com --
go to http://www.amazon.com/exec/obidos/ASIN/189312214X/internetbankrupt--  
or through your local bookstore.

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 Bankruptcy
Creditors' Service, Inc., Trenton, NJ, and Beard Group, Inc., Washington,
DC. Debra Brennan, Yvonne L. Metzler, Ronald Ladia, Zenar Andal, and Grace
Samson, Editors.

Copyright 2000. 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 * * *