TCR_Public/000918.MBX              T R O U B L E D   C O M P A N Y   R E P O R T E R

                Monday, September 18, 2000, Vol. 4, No. 182


AMERISERVE FOOD: Tricon Expresses Delight With Ameriserve Filing a Plan
BELL FURNITURE: Furniture Manufacturer Selling Facility in Chapter 11
BROWNSVILLE GENERAL: Fayette County Hospital Facing Insolvency
BURLINGTON INDUSTRIES: Board Approves Five-Point Improvement Plan
CAMBIOR INC: Concludes Copper Project Sale with Empresa Minera Del Peru

CEDAR BRAKES: Moody's Assigns Baa2 Long-Term, Senior Secured Rating
CONSECO: Finalizes Lending Agreements With Lehman Brothers
DECORA INDUSTRIES: Unveils Strategic Restructuring Program
DOTCOMFAILURES.COM: Company Closures & Layoffs Website Will End Business
EINSTEIN/NOAH BAGEL: Committee Supports Company's Plan of Reorganization

GC COMPANIES: May Seek Bankruptcy Protection Unless Creditors Are Content
GENESIS/MULTICARE: MultiCare Committee Retains Kasowitz Benson as Counsel
GRAHAM FIELD: Hires Mr. Michael Crouch As New Executive Vice President
HARNISCHEFEGER INDUSTRIES: Equity Committee Retains Klehr As Local Counsel
INDIAN HILLS: Case Summary and 20 Largest Unsecured Creditors

INTEGRATED HEALTH: Long-Term Business Plan Should Hit Table on October 18
LOEWEN GROUP: Knauff's Moves for Relief to Foreclose Mortgaged Premises
MALIBU ENTERTAINMENT: Lender Adds 15-Day Forbearance of Debt Obligations
MC SALES: Case Summary and 12 Largest Unsecured Creditors
MEDPARTNERS: Los Angeles Court Confirms Provider's Plan of Reorganization

OMNOVA SOLUTIONS: Fitch Downgrades Senior Unsecured Debt Rating to BBB-
REGAL CINEMAS: Doing its Best to Avert a Bankruptcy Filing
SAFETY-KLEEN: Puts Employment Agreement With L. Singleton Before Court
SANDS HOTEL: Carl Icahn's Bid Approved, Topping Park Place's Offer
SCAFFOLD CONNECTION: Alberta Court to Consider Plan at December 8 Hearing

SHONEY'S, INC.: Operating Losses Continue into Third Fiscal Quarter
SUN HEALTHCARE: Omega Says Sun Isn't Meeting its Obligations
THEBIGSTORE.COM: Retailer Faces Lawsuits & Involuntary Chapter 7
TRANSTEXAS GAS: Reports Encouraging Operating Results For Second Quarter
VLASIC FOODS: Reports Break Even 4th Quarter Results; Lazard Still at Work

WEDDING PERFECTIONS: To Liquidate Bridal Business
WESTSIDE HOUSES: Housing Firm Files for Chapter 11 Protection in New York
WORTHINGTON INDUSTRIES: Moody's Downgrades Senior Debt Ratings To Baa2

* Bond pricing for the week of September 18, 2000


AMERISERVE FOOD: Tricon Expresses Delight With Ameriserve Filing a Plan
Tricon Global Restaurants, Inc. (NYSE:YUM) announced that it views the
filing of a proposed plan of reorganization by AmeriServe Food
Distribution, Inc. in U.S. Bankruptcy Court as a significant step in the
ultimate transition of AmeriServe's U.S. distribution business to McLane
Company, Inc. As previously announced, AmeriServe has reached a definitive
agreement, subject to certain conditions, to sell its U.S. distribution
business to McLane. AmeriServe is currently the principal distributor of
supplies to KFC, Pizza Hut and Taco Bell corporate and franchised
restaurants in the United States.

"This is a very important milestone in the resolution of the AmeriServe
bankruptcy and the transition process to McLane," said David Novak, Chief
Executive Officer of Tricon Global Restaurants. "We have worked closely
with our franchise community and purchasing cooperative to find a positive
solution to the AmeriServe bankruptcy. We are pleased the sale to McLane
will lead to better service from a well-capitalized partner and, going
forward, will not have a significant, long-term economic impact on Tricon.
A positive resolution to the AmeriServe bankruptcy is now close at hand,"
Novak added.

As part of the proposed plan of reorganization, Tricon will fund certain
amounts to AmeriServe to facilitate a global settlement with holders of
allowed secured and administrative priority claims in the bankruptcy. In
exchange, Tricon will receive the proceeds from AmeriServe's remaining
inventory, accounts receivable and certain other assets, which will be
primarily realized over the next twelve months. The plan of reorganization
also provides for the dismissal of the legal action previously filed by
AmeriServe against Tricon seeking payment of approximately $101 million in
distribution fees for services rendered by AmeriServe prior to the
bankruptcy filing. Tricon has previously accrued for, but withheld payment
of these fees.

Through the end of the second quarter of this year, Tricon had incurred an
unusual charge of $67 million relating to funding provided to AmeriServe
under a debtor-in-possession revolving credit facility and certain
collateral guarantee obligations to the secured lenders of AmeriServe.
These items are described in Tricon's Form 10-Q filed for the quarter ended
June 10, 2000. Tricon expects to take additional one-time charges in the
third and fourth quarter of this year as the final plan of reorganization
is implemented. Based on currently available information, Tricon expects
that its total future net exposure in connection with the AmeriServe
bankruptcy will be in the range of $80 million to $100 million. This amount
includes the positive financial impact from recovery on the assets received
from AmeriServe and the $101 million in distribution fees retained by
Tricon, as described above. It is expected that these additional expenses
will be reflected as unusual charges.

It is Tricon's current expectation that the sale of AmeriServe's U.S.
distribution business to McLane will be completed during the fourth quarter
of this year. The plan of reorganization is subject to confirmation by the
creditors of AmeriServe, and approval by the U.S. Bankruptcy Court.

Tricon is the world's largest restaurant company in terms of system units,
with more than 30,000 restaurants in over 100 countries and territories.
Tricon's three brands, KFC, Pizza Hut and Taco Bell, are the global leaders
of the chicken, pizza and Mexican restaurant categories, respectively.
Total worldwide system sales were nearly $22 billion in 1999.

BELL FURNITURE: Furniture Manufacturer Selling Facility in Chapter 11
Bell Furniture Industries Inc., a Loveland, Ohio, nationwide distributor of
furniture which recently filed Chapter 11, has laid off about 11% of its
workforce and put one of its facilities on the selling block. Bell, which
saw its sales decline 25% last year--to around $71 million, is being
pressured by competition in the industry but nonetheless intends on
reorganizing and remaining in business. (New Generation Research, Inc., 14-

BROWNSVILLE GENERAL: Fayette County Hospital Facing Insolvency
The 84-year-old, Brownsville General Hospital might end operations unless
employees allow a pay cut to help keep the facility on its toes, The
Associated Press reports.  Even though the hospital has little debt, it
will be insolvent, if the current inflow of patient doesn't multiply, CFO
Emile Malboeuf said. "It would be a long, slow death because of the
hospital's overall financial health."  The Fayette County hospital lost
$1.65 million last year, but is projecting a loss of up to $1.2 million
this year.

BURLINGTON INDUSTRIES: Board Approves Five-Point Improvement Plan
Burlington Industries, Inc. (NYSE: BUR) announced that its Board of
Directors has approved a five- point plan designed to strengthen the
company's future profitability and financial flexibility. This plan will
result in a 4th quarter charge for restructuring, asset write downs and
impairment of approximately $65-75 million, including approximately $15
million of cash costs, primarily for severance and lease cancellation fees.
The company will also incur approximately $13 million of runout charges
related to this restructuring, primarily in the first two quarters of
fiscal 2001. In addition, as a result of a change in accounting, the
company will write off all historic enterprise goodwill with a 4th quarter
non-cash charge of approximately $464 million.

George W. Henderson, III, Chairman and CEO, said, "We have outstanding
capabilities within Burlington, but our performance this year is
disappointing. Our results are due both to our own performance shortfalls
as well as difficult market dynamics in some of the markets we serve. We
are capable of doing better and we are committed to improving results."
Henderson noted that current challenges include the casual dressing trend,
a drop in exports to Europe because of the weakness of the Euro, price
competition in denim, and retailers' efforts to reduce their inventories of
interior furnishings products.

Douglas J. McGregor, President and Chief Operating Officer, said, "The
steps outlined in our five-point plan will give us the needed framework to
improve our profitability and increase shareholder value. These actions are
painful but essential for our long-term success."

The five points in the plan are:

(1) Realign operating capacity. The company will reduce capacity to better
     align its operations with current market demand and to assure the most  
     efficient use of assets. This includes:

      * Closing a plant in Johnson City, TN and moving a portion of its  
        production to other underutilized facilities.

      * Reducing operations at the Clarksville, VA facilities of the   
        PerformanceWear segment.

      * Reducing the size of the company's trucking fleet and closing the
        Gaston trucking terminal located in Belmont, NC.

(2) Eliminate unprofitable businesses. The PerformanceWear segment will
     exit its garment-making business, to include offering its facility in
     Cuernavaca, Mexico for sale. In addition, PerformanceWear will prune
     unprofitable product lines that do not meet expectations. Similar
     evaluations of other product lines and businesses that do not offer
     adequate profit potential will continue within all divisions.

(3) Reduce overhead. The company has analyzed administrative and staff
     positions throughout the company, and identified a number of
     opportunities to consolidate and reduce cost. This will result in job
     reductions in division and corporate staff areas.

(4) Pay down debt. Company-wide initiatives to sell non-performing assets,
     reduce working capital, and decrease capital expenditures will free up
     cash which will be used to reduce debt and improve financial
     flexibility. The company expects to initiate refinancing of its bank
     credit facilities in the near future.

(5) Eliminate excess historic enterprise goodwill. In the fourth quarter of
     fiscal 2000, the company is changing its method for measuring
     impairment of its enterprise level goodwill from the undiscounted cash
     flow method to the market value method. At recent stock prices, this
     change in accounting will result in a one-time non-cash charge of
     approximately $464 million, or $8.83 per share in the fourth quarter of
     fiscal 2000. The company's bank credit agreements have been amended to
     allow for this change in accounting for goodwill, and the company is in
     compliance with its covenants.

The closings and overhead reductions outlined above will result in the
elimination of approximately 950 jobs in the United States and 650 jobs in

Commenting on the plan McGregor said, "Our operating results, particularly
in the PerformanceWear segment, continue to fall short of expectations. We
believe we have made a realistic assessment of our business, and we are
taking a series of actions that will capitalize on our strengths and
correct our weaknesses. For example, we are continuing to grow our top-
performing Lees carpet business, which is enjoying its best year in
history. The effective execution of our five-point plan is critical to
achieving better cash flow and debt reduction which will allow us needed
flexibility to grow.

"We deeply regret the job losses that are a necessary part of this plan,"
McGregor said. "We will do everything we can to help the affected employees
make the transition to other employment."
Burlington Industries, Inc. is one of the world's largest and most
diversified manufacturers of softgoods for apparel and interior

CAMBIOR INC: Concludes Copper Project Sale with Empresa Minera Del Peru
Cambior Inc. announces that it concluded an arrangement with Empresa Minera
Del Peru S.A. regarding the sale to a third party of Cambior's indirect
100% interest in the La Granja copper project in Peru.

Under the agreed arrangement, Minero Peru, a state-owned Peruvian entity,
has issued a public call for bids on an option to purchase Minero Peru's
royalty interest in the La Granja Project. The winning bidder will be the
party offering the highest option exercise price after agreeing to purchase
the La Granja property from Cambior. The agreed arrangement also provides
that the winning bidder and purchaser of the La Granja property will be
conducting development work and committing to bring a mine into commercial
production on the La Granja property within a specified time period.
Cambior also announces that it is in final discussions with a third party
which will commit (i) to submit a bid that meets at least Minero Peru's
minimum bid requirements and (ii) to conclude an agreement with Cambior
(the ``Cambior Agreement'') for the sale of Cambior's 100% interest in the
La Granja property. Under the terms of the Cambior Agreement, the sale is
expected to result in the payment of net proceeds to Cambior in excess of
$34 million and is subject to the aforementioned third party being the
winning bidder in addition to the usual conditions for transactions of this

To qualify for the bidding process regarding the acquisition of Cambior's
100% interest in the La Granja property and Minero Peru's royalty interest
therein, all parties interested to bid shall have entered into a sale
agreement with Cambior on substantially the same terms and conditions as
those set forth in the Cambior Agreement and for an equivalent or higher
purchase price.

Minero Peru will make the bidding terms available for inspection by the
interested parties as from September 18th, 2000; such parties will be
     (i)  to submit applications until November 10th, 2000 and

     (ii) to access the information and conduct site visits to the La Granja
          Project until November 16th, 2000.

The receiving of envelopes and granting of the Award by Minero Peru should
then occur on November 17th, 2000 and the closing of the transaction
between all parties involved soon thereafter. This timetable is subject to
amendments by the Peruvian authorities. In anticipation of this process,
Cambior has established a data room for the benefit of all bidders at the
Project site.

Louis P. Gignac, President and Chief Executive Officer of Cambior, is
pleased to state ``the closing of this transaction, scheduled for the
fourth quarter 2000, will reduce the aggregate indebtedness to
approximately $128 million, thereby considerably helping Cambior to
refinance the remaining debt and stabilize its long-term financial
situation''. Thus, after having met its $75 million repayment obligation on
June 30, 2000 and thereby completed Phase I of its financial restructuring,
this transaction will largely allow Cambior to complete Phase II which
consists of reducing the debt level to approximately $115 million.
Completion of Phase II should enable the Company to comply with its
obligation to repay or refinance the balance of its loan by December 31,
2000. While there can be no assurance in that respect, management is highly
confident that the Company will meet its financial obligation.

Assuming the success of its financial restructuring, Cambior will focus on
gold mining in the future, having retained all of its core gold assets, and
will be better able to develop its gold properties to the benefit of its

Cambior Inc. is an international gold producer with operations, development
projects and exploration activities throughout the Americas. Cambior's
shares trade on the Toronto and American (AMEX-NASDAQ) stock exchanges
under the symbol ``CBJ''.

CEDAR BRAKES: Moody's Assigns Baa2 Long-Term, Senior Secured Rating
Moody's Investors Service assigned a Baa2 long-term, senior secured rating
to Cedar Brakes I, L.L.C.  Cedar Brakes is a special-purpose corporation
formed to monetize the power-purchase contract between Newark Bay
Cogeneration Partnership LP and Public Service Electric and Gas (PSE&G,
Long Term Issuer Rating of Baa1).  Cedar Brakes is indirectly owned by El
Paso Energy Corporation (EPEC, Long-Term Senior Unsecured Debt Rating of
Baa2) and Limestone Electron Trust.

Under the terms of the transaction, El Paso Energy Corporation has inserted
itself in the middle of the relationship between PSE&G and Newark Bay
Cogeneration through contractual relationships among the parties.

To meet its obligations to PSE&G, Cedar Brakes has signed an agreement with
El Paso Merchant Energy (A subsidiary of El Paso Energy Corp.) that becomes
effective on the date the Amended and Restated Power Purchase Agreement
takes effect. This agreement, called the Powr Services Agreement. requires
El Paso Merchant Energy to provide capacity and energy in the quantities
and at the delivery points required under the amended PPA. The difference
between the price Cedar Brakes pays to EPM, and the price it charges PSE&G,
represents the margin that is being securitized.

The proceeds of this offering will be used by Cedar Brakes I to purchase
the original PPA and replace it with an amended and restated PPA that
expires on August 31, 2013, as well as to fund a liquidity reserve and pay
transaction costs.

PSE&G benefits from the transaction by lowering its potential stranded
costs, thereby enabling it to charge lower electrical rates to customers.
On a net present value basis PSE&G is saving roughly $40 million.

The transaction benefits El Paso Merchant Power by allowing it to decouple
the provision of capacity and energy under the contract from the physical
asset. Under the new contract the capacity and energy furnished to PSE&G is
not required to be produced from the Newark Bay facility. This
significantly reduces the investors' exposure to operational risks and
allows much lower coverage ratios to receive a higher rating. Energy and
capacity can be furnished from other El Paso plants within the
Pennsylvania-Maryland-New Jersey interconnection market.

The rating is supported by a payment stream that has a general credit
quality of Baa1; however, there are several performance requirements that
are guaranteed by Baa2 rated El Paso.

The rating is further supported by internal liquidity resources available
to Cedar Brakes that accrue through: (1) the $12.8 million liquidity
reserve; (2) a total of $1.3 million due to coverage in excess of 1.0 times
in the lowest year of 2012; and (3) the ability to deliver higher
quantities each day as make-up deliveries provides some flexibility.

The operating profit for Cedar Brakes is the difference between the money
it receives from PSE&G and what it pays to EPM for capacity and energy.

A complete Pre-Sale Report for Cedar Brakes I, L.L.C. is available at our
website at PSE&G is based in Newark, N.J. El
Paso Energy Corporation is based Houston, Texas.

CONSECO: Finalizes Lending Agreements With Lehman Brothers
Conseco (NYSE:CNC) announced that it has reached agreement with Lehman
Brothers to amend the existing lending agreements of its Conseco Finance
subsidiary. These amendments provide for the upstreaming of cash associated
with the previously announced asset disposition programs of Conseco

Additionally, they provide for the upstreaming of operating cash flow over
the longer term, which will facilitate the restructuring of the company's
bank debt agreements.

Conseco has been under new management since Gary C. Wendt joined the
company as Chairman and CEO on June 29. The restructuring plan has been
under construction since then. "We took immediate steps in July to bring
the company to solid footing," said Wendt, "and those prompt actions have
been very helpful to gaining the support of the financial community."

Wendt called the agreement "the last remaining step toward finalizing the
restructuring of the company's multi-bank lending facility." The actual
execution of the amendments to the agreement is expected to occur at the
closing of the bank debt restructuring.

DECORA INDUSTRIES: Unveils Strategic Restructuring Program
Decora Industries Inc. (OTC BB: DECOC) unveiled a strategic plan to improve
the long-term potential of the Company. The main components of the plan
involve engaging an advisor to explore strategies for restructuring the
Company's indebtedness, concluding the arbitration hearing regarding its
lawsuits against Newell Rubbermaid, gaining financial control of its German
subsidiary and taking steps to optimize its value.

First, Decora announced that Jefferies & Company, Inc., an investment
banking firm, has been engaged to advise the Company on the implementation
of a comprehensive restructuring of its bond indebtedness.

Second, the hearing before the American Arbitration Association regarding
the multi-million-dollar lawsuits filed by the Company against Newell
Rubbermaid concluded on September 6, 2000. A judgment is anticipated no
later than October 30, 2000.

Finally, to gain financial control of its German subsidiary, Konrad
Hornschuch, the Company revealed that an agreement has been reached with
Dresdner Bank to waive its current loan default and fund a tender offer for
the remaining minority shares of Hornschuch that it does not own. This
action clears the way for transforming Hornschuch from an AG, a German
designation for a public company, to a KG (a limited partnership), which
will provide greater flexibility in managing corporate liquidity. In
addition, Lazard & Co. GmbH has been engaged to advise the Company on how
best to optimize value in the German subsidiary.

Nathan Hevrony, Decora's Chairman, stated, "Hornschuch is an excellent
consumer and industrial products manufacturing and marketing company, has
performed well since the acquisition and is poised for significant progress
in the future. However, senior management and the Board of Directors have
determined that, at this time, we should investigate all options to
optimize shareholder value both financially and strategically."

Regarding the Newell Rubbermaid case, Ronald A. Artzer, President and Chief
Executive Officer, said, "With the conclusion of the arbitration hearing,
we look forward to the panel's decision on or before October 30, 2000. Our
team presented a compelling argument in support of our claims and we are
anticipating a favorable outcome."

Artzer added, "The capital structure of Decora Industries needs to be
addressed. We will work closely with our advisors in both Germany and the
U.S. to develop a strategy to de-leverage the company and build shareholder
value. We believe this strategic plan provides the framework for
accomplishing that mission."

Decora Industries, Inc. is a leading manufacturer and marketer of self-
adhesive consumer surface-covering products including the prominent brands,
Con-Tact(R) and d-c-fix(R). The Company also manufactures specialty
industrial products utilizing its proprietary pressure-sensitive, self-
adhesive release and protective coating technologies, which include
Decora's proprietary Wearlon(R) release coating system.

DOTCOMFAILURES.COM: Company Closures & Layoffs Website Will End Business
------------------------------------------------------------------------ the site that existed to sound the death knell of dot-
com companies, went out of business, according to a newswire report. "Three
months and $2.6 million later, is closed," read a
message on the site, whose logo is "Kick 'em while they're down."  The site
was one of several that popped up after the April stock market downturn to
act as a forum for rumors and news of closures and layoffs at dot-com

The Internet zeitgeist that created a stream of 20-something millionaires
slowed suddenly after Wall Street grew tired of Net companies with huge
valuations that continued to lose huge amounts of money. With funding
harder to find, layoffs and closures soon followed-along with a massive
public relations backlash that fueled the popularity of sites like  (ABI 14-Sep-00)

EINSTEIN/NOAH BAGEL: Committee Supports Company's Plan of Reorganization
Einstein/Noah Bagel Corp. (OTC Bulletin Board: ENBXQ) and the Official
Committee of Unsecured Creditors appointed in the Company's Chapter 11 case
(the "Committee") announced that they have reached agreement with respect
to all outstanding issues regarding the Company's plan of reorganization
(the "Plan"). The Committee, which was appointed by the United States
Trustee to represent the interests of unsecured creditors of the Company
and its subsidiary, Einstein/Noah Bagel Partners, L.P., consists of
unsecured creditors holding in excess of $65 million of the Company's
7-1/4% Convertible Subordinated Debentures. The Committee supports the Plan
proposed by the Company, although it reserves the right to challenge the
distribution under the Plan to Bagel Store Development Funding, LLC. The
Committee joins with the Company in urging unsecured creditors to vote to
accept the Plan.

The deadline for voting on the Plan is 4:30 p.m. (Eastern Daylight Time) on
September 18, 2000.

GC COMPANIES: May Seek Bankruptcy Protection Unless Creditors Are Content
General Cinema Theatres operator, Reuters reports, GC Companies (GCX) may
file for bankruptcy protection if it can't get creditors concessions. To
avoid exploring other alternatives like selling assets or filing for
bankruptcy, GC Companies should formulate a plan that the creditors would
agree upon.

GC Companies based in Chestnut Hill, Mass., operates more than 1,000 U.S.
movie screens. The company reported loosing $10.1 million for the third
quarter against revenues of $108.6 million.

GENESIS/MULTICARE: MultiCare Committee Retains Kasowitz Benson as Counsel
The Unsecured Creditors Committee of The Multicare Companies, Inc., asks
the Court to approve the employment and retention of Kasowitz, Benson,
Torres & Friedman as attorneys for the Committee, pursuant to sections 328
and 1103(a) of the Bankruptcy Code and rule 2014 of the Bankruptcy Rules.

The Committee contemplates that KBT&F will be rendering services to the
Committee in:

    (1) assisting, advising and representing the Committee with respect to
         the administration of the Multicare chapter 11 cases, overseeing
         matters for the Committee and providing all necessary legal advice
         with respect to the Committee's powers and duties and overseeing;

    (2) assisting the Committee in maximizing the value of the Debtors'
         assets for the benefit of all creditors;

    (3) pursuing confirmation of a plan of reorganization and approval of an
         associated disclosure statement;

    (4) conducting an investigation, as the Committee deems appropriate,
         concerning, among other things, the assets, liabilities, financial
         condition and operating issues of the Debtors;

    (5) commencing and prosecuting appropriate actions and/or proceedings on
         behalf of the Committee;

    (6) preparing on behalf of the Committee necessary applications,
         motions, answers, orders, reports and other legal papers;

    (7) communicating with the Committee's constituents and others;

    (8) performing all other legal services for the Committee as appropriate
         and necessary;

Subject to the Court's approval, KBT&F will be compensated on an hourly
basis, plus reimbursement of actual, necessary expenses incurred.

The attorneys currently designated to represent the Committee and their
current hourly rates, subject to periodic adjustments usually in January
of each year, are:

                 David S. Rosner         $ 425
                 Athena F. Foley         $ 250

(Genesis/Multicare Bankruptcy News, Issue No. 4; Bankruptcy Creditors'
Service, Inc., 609/392-0900)

GRAHAM FIELD: Hires Mr. Michael Crouch As New Executive Vice President
Graham Field Health Products, Inc. (OTC:GFIHQ) a manufacturer and supplier
of healthcare products, announced that Mr. Michael Crouch has joined the
company as an Executive Vice President.

Mr. Crouch comes with extensive experience in the marketing and sale of
Medical Devices and joins the company after serving as President/General
Manager of Stepic, a division of Horizon Medical Products, Inc. According
to Graham Field's CEO, David Hilton, " ...we are confident that Michael
Crouch, with his record of success, will help channel the momentum we have
been building over the past several months. Initially, Michael will oversee
our Sales and Marketing efforts to allow other members of our senior
management team to focus more attention on the company's restructuring
efforts as we navigate our way through the Chapter 11 process."

Michael Crouch will direct the company's on site Marketing group and its
Field Sales organizations with the goal of rebuilding the Graham Field
franchise. "The opportunity we have with our stable of well known and
established product brands, such as Everest and Jennings Wheelchairs, Lumex
Ambulatory and Bath Safety Products, John Bunn Respiratory Products, and
Smith & Davis Beds, is unmatched in the industry. By focusing in on these
self manufactured products, and complementing them with well chosen
distributed products, I am confident that we can re-establish the company's
market share and revenue base."

Graham Field Health Products, Inc. is headquartered in Bay Shore, New York
and manufactures, markets, and distributes durable medical equipment,
medical/surgical supplies and furnishings from operations situated in the
United States, Canada, and Mexico.

HARNISCHEFEGER INDUSTRIES: Equity Committee Retains Klehr As Local Counsel
Judge Walsh authorized the Official Committee of Equity Security Holders of
Harnischfeger Industries, Inc., to employ Klehr, Harrison, Harvey,
Branzburg & Ellers LLP as local counsel to the Committee in connection with
the commencement and prosecution of the Harnischfeger chapter 11 cases,
nunc pro tunc to October 25, 1999.

The Equity Committee tells the Judge that Klehr Harrison is well-qualified
for the role. The Equity Committee believes that in certain circumstances
Klehr Harrison may assist the Committee by appearing in Court without the
Committee's counsel Berlack Israels, thus saving significant costs to the

Klehr Harrison will receive compensation for services in the range of:

                 Partners         $ 225 - $ 360
                 Associates       $ 125 - $ 225
                 Paralegals        $ 85 - $ 100

(Harnischfeger Bankruptcy News, Issue No. 27; Bankruptcy Creditors'
Service, Inc., 609/392-0900)

INDIAN HILLS: Case Summary and 20 Largest Unsecured Creditors
Debtor:  Indian Hills Station Limited Partnership, a Nevada L.P.
          915 Mica Drive
          Carson City, NV 89705

Type of Business:  Real estate and food mart, gas station, car wash

Chapter 11 Petition Date:  September 14, 2000

Court:  District of Nevada

Bankruptcy Case No.:  00-32665

Judge:  Gregg W. Zive

Debtor's Counsel:  Geoffrey L. Giles, Esq.
                    PO Box 93
                    Reno, NV 89504
                    (702) 329-4999

Total Assets:  $ 2,900,000
Total Debts :  $ 1,821,228

20 Largest Unsecured Creditors:

A & A Construction Corp                           $ 68,016

Sundance Service                                  $ 27,226

Jonh Goode & Associates                           $ 23,403

Dan Ward Electric                                 $ 16,232

Lane Supply Inc                                   $ 12,761

Systems Installation                               $ 6,700

Carson Valley Landscapin                           $ 6,113

Sight & Sound Tech                                 $ 2,511

Heller Financial                                   $ 2,430

Orix Credit                                        $ 2,200

NRC Roofing                                        $ 1,809

Western Sign Service                               $ 1,662

Woodworking Spec. Inc.                             $ 1,657

Citidel Broadcasting                               $ 1,637

Record Courier
c/o Collection Services Of NV                      $ 1,425

Sight and Sound                                      $ 429

INTEGRATED HEALTH: Long-Term Business Plan Should Hit Table on October 18
Stating that it's committed to develop a long-term business plan by Oct.
18, Integrated Health Services Inc., is seeking a 123-day extension of the
exclusive periods during which only the company would be permitted to file
a Chapter 11 plan. The proposed extension, which would be the company's
second, would extend through Jan. 31, 2001, the exclusive period during
which other parties would be prohibited from filing a plan from Sept. 29.
If the company files a plan by Jan. 31, other parties would be further
prohibited from filing a plan through April 2, 2001. (ABI 14-Sep-00)

LOEWEN GROUP: Knauff's Moves for Relief to Foreclose Mortgaged Premises
Juanita Knauff, through her attorneys, Duane, Morris & Heckscher LLP,
tells the Court that Knauff Funeral Home, Inc. has defaulted on mortgage
payment secured by property at 512 East Noble Avenue, Williston, Florida
32696 but has retained use of the mortgaged premises. Furthermore, Ms.
Knauff suspects that the Funeral Home may be misusing the premises, thus
causing it to decline in value.

According to Ms. Knauff, the Funeral Home is past the due date of February
13, 2000 for one annual installment in the amount of $40,000, plus
interest in the amount of $36 per day. The original principal amount of
the Promissory Note, drawn in February 1998 in favor of Juanita Knauff,
was $400,000. The total amount due and owing as of July 13, 2000 was
$363,666 plus costs and expenses.

Ms. Knauff therefore seeks relief from the automatic stay in order to
proceed with an action in the Levy County Court of Florida to foreclose
the mortgage and to pursue any other state remedies to which she is
entitled. (Loewen Bankruptcy News, Issue No. 26; Bankruptcy Creditors'
Service, Inc., 609/392-0900)

MALIBU ENTERTAINMENT: Lender Adds 15-Day Forbearance of Debt Obligations
Malibu Entertainment Worldwide, Inc. (OTC Bulletin Board: MBEW) announced
that its primary lender agreed to an additional 15-day forbearance of debt
obligations that became due on June 30, 2000.

The holder of $20.6 million of secured debt has agreed to refrain from
exercising any of its remedies under the loan until September 30, 2000. The
Company and its primary lender are discussing the possibility of amending
and restating the Company's credit agreement to modify the Company's
obligations. There can be no assurance that the Company and this lender
will be able to reach an agreement or, if so, as to the timing, terms or
effect thereof.

As previously announced, to comply with its obligations under the loan
agreement with its primary lender and as part of the Company's strategic
plan, the Company is attempting to divest certain assets in an effort to
generate cash to fund its working capital, debt service and capital
expenditure requirements and to repay indebtedness. There can be no
assurance that the Company will be able to complete such divestitures, or,
if so, as to the timing, terms or effects thereof.

As previously announced, if the Company is unsuccessful in selling these
assets, in obtaining other financing or in modifying the terms of its
existing indebtedness or if the proceeds of such sales are significantly
less than their recorded value, the Company may be required to liquidate
assets, significantly alter its operations or take other extraordinary
steps to preserve cash and satisfy its obligations. If the Company is
unable to take such actions or they are not sufficient to permit the
Company to continue to operate, the Company may seek or be forced to seek
to restructure or reorganize its liabilities, including through proceedings
under the federal bankruptcy laws.

Headquartered in Dallas, Texas, Malibu Entertainment Worldwide, Inc. is a
leader in the location-based entertainment industry, operating 20 parks in
7 states under the SpeedZone, Malibu Grand Prix and Mountasia brands,
primarily clustered in Texas, California, Georgia and Florida.

The Company's plans, estimates and beliefs concerning the future contained
in this press release are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Actual results may
differ materially from those reflected herein due to a variety of factors
that could effect the Company's operating results, liquidity and financial
condition, such as risks associated with the Company's need to generate
cash, general economic conditions, the ongoing need for capital
improvements, changes in demographics, competitive considerations and other

MC SALES: Case Summary and 12 Largest Unsecured Creditors
Debtor:  MC Sales, LLC
          1916 Palomar Oaks Way, #150
          Carlsbad, CA 92008

Type of Business:  Wholesale distribution of sportscards, non-sports and
                    gaming cards, supplies, memorabilia and related items.

Chapter 11 Petition Date:  September 11, 2000

Court:  Southern District of California

Bankruptcy Case No.:  00-08942

Judge:  Peter W. Bowie

Debtor's Counsel:  James W. Beshears, Esq.
                    Attorney at Law 401 West A St, #1950
                    San Diego, CA 92101
                    (619) 233-7079

Total Assets:  $ 4,245,000
Total Debts :  $ 3,099,128

12 Largest Unsecured Creditors:

Upper Deck Company
Attn: Trip Hooker
5909 Sea Otter Place
Carlsbad, CA 92008
(972) 448-9044                   Trade Debt      Disputed      $ 1,065,298

Wizards of the Coast
Dept. #5019
P.O. Box 34936
Seattle, WA 98124  
(425) 204-5390                   Trade Debt                      $ 728,256

Pacific Trading Cards
18424 Highway 99
Lynnwood, WA 98037
1 (800) 551-2002                 Trade Debt                      $ 254,006

Dart Trading Cards               Trade Debt                       $ 59,337

Playoff                          Trade Debt                       $ 38,400

Rembrandt                        Trade Debt                       $ 29,449

Treasure Island                  Trade Debt                       $ 20,660

Beckett                          Trade Debt                       $ 14,194

DHL Shipping                     Trade Debt                       $ 10,679

Westex, Inc.                     Trade Debt                        $ 1,986

UPS Shipping                     Trade Debt                        $ 1,317

Standard Truck Line              Trade Debt                          $ 700

MEDPARTNERS: Los Angeles Court Confirms Provider's Plan of Reorganization
Caremark Rx, Inc. (NYSE: CMX) announced that the plan of reorganization for
its wholly owned subsidiary MedPartners Provider Network, Inc. (MPN) was
confirmed by the U.S. Bankruptcy Court in Los Angeles. Caremark said that
MPN's creditors (hospitals, health plans, and other health care providers)
voted overwhelmingly to approve the Plan, with approval votes totaling over
99% in amount of all claims voted. The Company said that MPN anticipates
commencing payments to creditors under the Plan in approximately one month.
The payments under the Plan have been accounted for in discontinued

Mac Crawford, Chairman of the Board and Chief Executive Officer of Caremark
Rx, Inc. said, "The confirmation of MPN's reorganization plan marks the
final major step in exiting the physician practice management business. We
are pleased to have finally resolved this matter."

Caremark is a leading prescription benefit manager (PBM), providing
comprehensive drug benefit services to over 1,200 health plan sponsors and
holding contracts to serve over 20 million participants throughout the U.S.
Caremark's clients include managed care organizations, insurance companies,
corporate health plans, unions, government agencies and other funded
benefit plans. The company operates a national retail pharmacy network with
over 50,000 participating pharmacies, three state-of-the-art mail service
pharmacies, the industry's only FDA regulated repackaging plant, and
seventeen JCAHO-accredited specialized therapeutic pharmacies for delivery
of advanced medications to patients with chronic or genetic diseases and

OMNOVA SOLUTIONS: Fitch Downgrades Senior Unsecured Debt Rating to BBB-
Fitch has downgraded Omnova Solutions' senior unsecured debt rating to
'BBB-' from 'BBB'. The Rating Outlook is Stable.

Credit protection measures have weakened mainly as a result of rising
petroleum-based raw material prices, particularly Styrene and Butadiene.
The impact of raw material pricing has hurt the Performance Chemicals
business as Styrene-Butadiene Latex (SB Latex) price increases to the paper
and carpet industry have not kept pace with Styrene and Butadiene price
increases. Significant difficulties have been encountered in putting price
increases through to the paper industry, which is consolidating.

Styrene and Butadiene prices have risen with oil prices, but have also
risen because of tight supply. Styrene operating rates and margins are
expected to remain high for at least the duration of the year. Competitors
who are integrated upstream into Styrene production will continue to have a
cost advantage in marketing SB Latex while Styrene margins remain high.

The Decorative and Building Products business has also seen raw material
pricing increases through PVC. However, the impact has been much smaller
than that seen in the Performance Chemicals business. Operating income
margins in the first half of 2000 have decreased to approximately 10
percent in the Decorative and Building Products business, demonstrating
that this segment can still generate income despite raw material pricing
pressures. The decorative segment has also been negatively impacted by a
downturn in the manufactured housing sector and a distribution realignment,
which has slowed PVC wallcovering sales.

The company's debt consists of $150 million, which has been drawn on a $300
million revolving credit facility expiring September 2004. Debt was
incurred as a result of a $200 million dividend payment to GenCorp at the
time of the spin-off. Recently the company initiated a $75 million
receivables program, the proceeds of which were used to reduce debt to
current levels and to repurchase shares of common stock. Including the
receivables program balance, debt/EBITDA has increased to greater than 3.25
times, while EBITDA/interest coverage has decreased to the middle to low-
middle single-digit range.

Omnova Solutions was created when GenCorp Inc. spun off its Performance
Chemicals and Decorative and Building Products business units in 1999. A
leading producer of SB Latex polymers and specialty chemicals used in the
paper, carpet and other industries, Omnova also produces PVC-based
decorative components and finished surfaces, used in a variety of
commercial and residential applications.

REGAL CINEMAS: Doing its Best to Avert a Bankruptcy Filing
Faced with industry-wide overbuilding and mounting debts, Regal Cinemas is
cutting back as it tries to avoid filing for bankruptcy protection,
according to the Miami Herald.  Regal, the nation's largest theater
operator, is negotiating with local landlords to cancel the leases for two
new megaplexes under construction and to close a number of existing
theaters, including some only a few years old.  Regal says it will at least
delay plans for two Miami-Dade projects once scheduled to open next year: a
28-screen theater at Dolphin Mall and a 16-screen theater planned for Jeff
Berkowitz's Kendall Village Center.  Industry sources say it's likely that
those theaters will never open under the Regal name. (ABI, 14-Sep-00)

SAFETY-KLEEN: Puts Employment Agreement With L. Singleton Before Court
By this Motion, the Debtors seek authority to retain and enter into an
employment agreement with Mr. Larry Singleton as Chief Financial Officer
of Safety-Kleen Corp.

Mr. Singleton has thirty years of management, business restructuring and
income tax experience. Since 1999, Mr. Singleton has served as the
Executive Vice President of Gulf States Steel, Inc. of Alabama and
assisted with its reorganization under Chapter 11. In addition, Mr.
Singleton has directed both a privately-held agribusiness company and New
Energy Corporation of Indiana through complex financial restructuring
transactions. Notably, Mr. Singleton also served as the Executive vice
President and Chief Financial officer of Alert Centre, Inc. for over three
years and assisted that organization in its transition out of Chapter 11

Upon execution of the Singleton Agreement, Mr. Singleton will serve as the
Chief Financial Officer. The salient terms of the Singleton Agreement

Term and Duties:

    The term of the Singleton Agreement is for 2 years.

Salary and Bonus:

    Mr. Singleton shall receive an annual base salary of $50,000 per month.
if Mr. Singleton is employed by the Company on the date that either a plan
of reorganization is consummated or on the date of the sale of
substantially all of the assets of the Company then, within fifteen (15)
days of such consummation or sale, the Company shall pay to Mr. Singleton
a bonus of $500,000 in recognition of his efforts in facilitating such
reorganization or sale,


    If the Company terminates Mr. Singleton's employment for any reason
other than (i) Cause, (ii) death or (iii) Disability, or if Mr. Singleton
terminates his employment for Good Reason, then, the Company shall pay to
Mr. Singleton, not later than 30 days following the Date of Termination,
(x) any unpaid amounts of his Annual Base Salary earned through the Date
of Termination, plus (y) a severance payment equal to 4 months of his
Annual Base Salary if Mr. Singleton's family has not relocated to Columbia,
South Carolina or 1 year of his Annual Base salary it Mr. Singleton's
family has relocated to Columbia, South Carolina (which determination shall
be made by the Board of Directors of the Company). (Safety-Kleen Bankruptcy
News, Issue No. 6; Bankruptcy Creditors' Service, Inc., 609/392-0900)

SANDS HOTEL: Carl Icahn's Bid Approved, Topping Park Place's Offer
Billionaire financier Carl Icahn moved a step closer to owning the Sands
Hotel & Casino on Wednesday after New Jersey regulators endorsed his plan
to pull it out of bankruptcy, according to a newswire report. Icahn, who
owns two Las Vegas casinos, won out over Park Place Entertainment Corp.
(PPE) in his bid to take over the Atlantic City, N.J.-based Sands, in part
because the casino's unsecured creditors voted in favor of Icahn. The
takeover, which had already been approved by U.S. Bankruptcy Court Judge
Judith Wizmur, will take effect Sept. 29.

The state Casino Control Commission approved Icahn's plan to invest $65
million in cash and issue $110 million in new bonds to prop up the casino,
which continued to operate while reorganizing in bankruptcy. The commission
also granted the Sands a new four-year license, ruling that Icahn's
takeover made it financially stable. Icahn will begin paying off the
vendors and other creditors who were owed $6.7 million when the Sands filed
for chapter 11 in January 1998. It reported losses of more than $35 million
annually for the three years prior to the bankruptcy filing.  (ABI 14-Sep-

SCAFFOLD CONNECTION: Alberta Court to Consider Plan at December 8 Hearing
As previously disclosed, Scaffold Connection Corporation's formal Plan of
Arrangement and Compromise received the approval of its shareholders,
secured creditors and unsecured creditors.

The Corporation is now in the process of obtaining the necessary regulatory
approvals in respect of the issuance of securities and approval of the
Court of Queen's Bench of Alberta.  The Court has set hearing dates of
November 13 and November 27 to adjudicate the claims of certain creditors,
and a date of December 8, 2000 for the hearing relating to the final
approval of the Plan.

The Company also continues to seek the lifting of the various cease trade
orders, but to date no decision has been made by the applicable securities

SHONEY'S, INC.: Operating Losses Continue into Third Fiscal Quarter
Shoney's, Inc. (OTC Bulletin Board: SHOY) announced results for its third
quarter and forty-week period ended August 6, 2000.

For the third quarter of fiscal 2000, a twelve-week period, the Company
reported a net loss of $14.8 million, or $0.29 per share, compared with a
net loss of $17.5 million, or $0.35 per share, for the third quarter of
1999. Net loss from continuing operations was $14.5 million or $0.29 per
share compared to a net loss from continuing operations of $18.3 million or
$0.37 per share in the prior year. Third quarter 2000 revenues were $200.8
million compared with $222.3 million for the same period last year.

Revenues for the third quarter of fiscal 2000 reflect an overall comparable
store sales decrease of 0.1%, the closure of 78 under-performing
restaurants and the sale of 21 Shoney's restaurants to franchisees since
the beginning of the third quarter of 1999. During the third quarter of
2000, franchisees closed 34 Shoney's Restaurants and one Captain D's

Third quarter 2000 results from continuing operations include:

     * pre-tax gains related to the sale of property, plant and equipment --
       $1.7 million

     * pre-tax non-cash asset impairment charges -- $12.8 million

In the comparable period of 1999, the Company recorded:

     * pre-tax gains related to the sale of property, plant and equipment --
       $1.2 million

     * pre-tax non-cash asset impairment charges -- $18.4 million.

Commenting on third quarter results, Raymond D. Schoenbaum, chairman of the
board of Shoney's, Inc., said, "Our Captain D's concept continues to show
improved sales and profitability. Same store sales were a positive 3.0%
increase over the prior year. Although the results from Shoney's
restaurants remain below what we had hoped to achieve, our new management
team has begun implementing programs and procedures aimed at increasing
sales and reducing prime costs to acceptable levels."

"We believe Shoney's new management team has identified the key elements
necessary to move this concept in the right direction. We expect that
future results will favorably reflect the results of these strategies,"
added J. Michael Bodnar, president and CEO, Shoney's, Inc.

The most significant development of the third quarter, Schoenbaum added,
was the successful completion of the financial restructuring plan which
reduced the company's total debt by $69 million and generated an after-tax
gain of approximately $80 million or $1.59 per share.

"The restructuring enabled us to create immediate value for our
shareholders," Schoenbaum said.

For the forty-week period ended August 6, 2000, the Company reported a net
loss of $13.3 million, or $0.26 per share, compared with a net loss of
$28.4 million, or $0.58 per share, for the comparable period a year ago.
Loss from continuing operations for the forty-weeks ended August 6, 2000
was $14.1 million, or $0.28 per share, compared to a loss from continuing
operations of $29.9 million, or $0.61 per share, in 1999.

For the forty-week period, the Company reported total revenues of $653.3
million compared with $744.7 million for the same period last year.
Revenues for the forty-week period were impacted by an overall comparable
store sales decrease of 0.2%, the closure of 127 under-performing
restaurants and the sale of 19 Shoney's Restaurants to franchisees during
1999. During the forty-week period of 2000, the Company closed one Shoney's
Restaurant, sold 12 Shoney's Restaurants to franchisees, opened one Captain
D's and closed one Captain D's. Franchisees opened twelve Shoney's
Restaurants (all of which were sold from the Company to franchisees),
closed forty-one Shoney's Restaurants and closed two Captain D's.

Income from continuing operations for the forty-week period includes:

     * pre-tax gains related to the sale of property, plant and equipment
       $6.6 million

     * pre-tax non-cash asset impairment charges -- $12.8 million

Income from continuing operations in the forty-week period of 1999

     * pre-tax gains related to the sale of property, plant and equipment --
       $16.1 million

     * pre-tax charge related to certain litigation -- $14.5 million

     * pre-tax non-cash asset impairment charges -- $18.4 million

     * pre-tax expenses related to certain litigation -- $3.6 million.

Headquartered in Nashville, Tennessee, Shoney's, Inc. owns, operates and
franchises 1,048 restaurants in 28 states, including 616 Company-owned and
432 franchised restaurants, under the names Shoney's Restaurants and
Captain D's Seafood Restaurants. Shoney's, Inc. is traded on the Over the
Counter Bulletin Board under the symbol "SHOY."

SUN HEALTHCARE: Omega Says Sun Isn't Meeting its Obligations
Omega Healthcare Investors, Inc., and OHI of Texas, Inc. complain that
SunBridge Healthcare Corporation is not meeting obligations pursuant to
the assumption of an executory contract, a forbearance contract and
operational transfer agreements. Accordingly, Omega and OHI of Texas move
the Court, pursuant to 11 U.S.C. sections 105, 365 and 503, to compel
SunBridge to perform the Court's Assumption and Rejection Order authorizing
assumption of a Forbearance Agreement and certain Lease Agreements and
related Agreements, rejection Of certain Lease Agreements, transfer of
assets and other relief. Omega further asserts that the obligations should
be elevated to administrative expense priority against the estate, given
that the contract has been assumed.

Specifically, Omega and OHI of Texas accuse SunBridge of not meeting
obligations with respect to: (1) payment of accrued pre-petition employee
benefits; (2) payment of pre-petition taxes; (3) reconciliation of
accountings of patient trust funds and the transfer of such patient trust
funds to the Transferees and seek the Court's authority to compel
SunBridge to perform such obligations.

The Debtors object and the matter is continued to September 22, 2000.

                              The Arguments

    (1) Accrued Employee Benefits

Omega and OHI Texas assert that under Section 4.1 of the SunBridge
Transfer Agreements, SunBridge must pay Accrued Employee Benefits to
eligible employees of the Transferred Facilities if required by applicable
law or by employment or union contracts. Omega quotes:

    "Subject to the approval of the Bankruptcy Court, Prior Operator
[Lessee] shall pay each of the employees of the Facility for services
provided prior to the Effective Date as and when due in accordance with
applicable law and any applicable employment or union contracts, including
but not limited to vacation pay, sick time and any other accrued paid time
off [Accrued Employee Benefits] to which the employees are entitled by law
or under the terms of such employment or union contracts. Prior Operator
shall remain solely liable for demands, claims, or actions (including all
costs and expenses related to the settlement thereof) made by the
employees of the Facility for such payments, and for any and all other
demands, claims or actions of such employees arising out of their
employment by Prior Operator."

Omega contends that under section 1.014(a) of the Texas Payday Act, an
employer must pay the employee his wages in full within six days after
discharge and wages as defined in the Act refer to wages under a written
agreement or under a written policy of the employer. Omega then draws the
Court's attention to SunBridge's most recent addendum to the Employee
Handbook, which provides that SunBridge's employees are entitled to
accumulate their Accrued Employee Benefits and, upon termination of
employment, receive the cash surrender value of any unused benefits: "When
an employee terminates and is determined to be eligible for the payment of
unused PTO [Employee Benefits] ..., payment will be based on the "earned"
portion of the balance and paid out at -fifty percent (50%) of full

Omega alleges that SunBridge, in its February 29, 2000 response to the
request of OHI Texas for payment, SunBridge told OHI Texas that it is not
liable under both Section 4.1 of the OHI Texas Transfer Agreement and
Texas law to reimburse OHI Texas for Accrued Employee Benefits.

SunBridge, however, explains in its response to the Omega motion that the
Debtors and their counsel have not had an opportunity to finalize a
response with respect to the disputed employee benefits because they did
not receive the Exhibits to Omega's motion until two days before the
deadline for objection, but they promise to report to the Court on their
final determinations at or before the hearing.

    (2) Operational Expenses

Omega contends that SunBridge is therefore liable for all operational
expenses (including real and personal property taxes) attributable to the
period prior to the Effective Date, citing Section 6.1 of SunBridge
Transfer Agreements:
    "Utility charges for the billing period in which the Effective Date
occurs, real and personal property taxes, prepaid expenses and other items
of revenue or expense attributable to the Facilities shall be prorated
between Prior Operator SunBridge and New Operator as of the Effective
Date. In general, such prorations shall be made so as to reimburse Prior
Operator for prepaid expense items and to charge Prior Operator for
prepaid revenue items or expenses to the extent that the same are
attributable to the period on and after the Effective Date."

The Debtors argue that the disputed prepetition tax claims would be, in
the ordinary course, "rent" obligations of the Debtors to Omega under the
relevant leases. As such, those claims were released, under the
Forbearance Agreement which provides for, with limited and heavily
negotiated exceptions, a very broad release by Omega of claims against the
Debtors. Accordingly, the Debtors believe that they are not obligated to
pay the prepetition tax amounts referred to by Omega and that they are in
compliance with the Forbearance Agreement and the Assumption and Rejection
Order. In support of their argument, the Debtors cite Section XI.B of the
Forbearance Agreement:

    "[e]xcept for the Lessees' Monetary Obligations, Lessors acknowledge
and agree that the Lessees have paid Lessors all Base Rent, Minimum Rent
and other monetary amounts owing to Lessors under the Leases through the
date hereof. Upon the Effective Date, other than with respect to amounts
owing under the Rejected Leases which shall be handled as set forth in
Section IV hereof and amounts owing for the period between the date of
this Agreement and the Effective Date under the Leases that pursuant to
Section V hereof are to be assumed, each Lessor ... shall forever release
and discharge each Lessee ... from any and all actions, claims, debts,
demands, duties, expenses, judgments, liabilities and obligations
whatever, whether known or unknown, whether from contract or tort, from
the beginning of time to the Effective Date, arising out of or connected
with, directly or indirectly, any of the Leases."

    (3) Patient Trust Funds

Omega asserts that Section 2.l of the SunBridge Transfer Agreements
requires SunBridge to provide to the designated Transferee a complete and
properly reconciled accounting of patient trust funds held by the
SunBridge on the Effective Date for the Transferee's review and approval:

    "On the Effective Date, Prior Operator shall prepare a true, correct
and complete accounting (properly reconciled)... of any patient trust
flmds... held by Prior Operator on the Effective Date for patients at the
[Transferred] Facilities.., and shall submit the same to New Operator
[Transferee] for its review and approval...

In addition, after SunBridge and the designated Transferee agree upon the
accounting, SunBridge is obligated to transfer such patient trust funds to
the Transferee:

    "Within ten (10) days after Prior Operator and New Operator [Transferee]
agree upon the accounting provided for in Section 2.1, Prior Operator
hereby agrees to transfer such Patient Trust Funds to New Operator..."

The Debtors tell the Court that, in response to Omega's correspondence to
them, they have reviewed their records and provided to the new operators
of the Transferred Facilities reconciliations of the relevant patient
trust find accounts, but have not received any indication from those new
operators that they have any objection to or questions with respect to
such reconciliations. In addition, the Debtors report that they have
transferred all of the relevant patient trust funds to such new operators,
and none of the new operators have raised any objection with respect to
such transfer. The Debtors tell Judge Walrath that they believe, and will
continue to believe that they have complied with the Operations Transfer
Agreements in these respects unless Omega can provide them with specific
instances otherwise. (Sun Healthcare Bankruptcy News, Issue No. 14;
Bankruptcy Creditors' Service, Inc., 609/392-0900)

THEBIGSTORE.COM: Retailer Faces Lawsuits & Involuntary Chapter 7
------------------------------------------------------------------------ is in hot water, threatened with lawsuits and an
involuntary bankruptcy petition.  The Santa Ana, Ca. online retailer faces
lawsuits by its creditors as well as accusations by former employees that
its chief financial officer had engaged in fraud.  In addition, claiming
that TheBigStore owes it nearly $3.3 million, Ingram Micro Inc., a Santa
Ana electronics-distribution company, is trying to force the company into a
Chapter 7 liquidation. For a free copy of an article about TheBigStore,
which laid off most of its workers but insists it is still in business,
call 800-407-9044. (New Generation Research, Inc., 14-Aug-00)

TRANSTEXAS GAS: Reports Encouraging Operating Results For Second Quarter
TransTexas Gas Corporation (OTCBB:TTXG) reported that operating results for
its second fiscal quarter ended July 31, 2000 included net income of $3.9
million, or $3.13 per common share on revenues of $43.4 million. This
compares with a net loss of $7.0 million, or $0.12 per common share on
revenues of $28.6 million in the prior year quarter. Year-ago figures
reflect the company's ceasing the accrual of interest on certain pre-
petition obligations subject to compromise, after April 30, 1999 as a
result of the company's Chapter 11 filing.

Earnings before interest, income taxes, litigation accruals, depreciation,
depletion and amortization (EBITDA) for the quarter was $31.7 million, as
compared to $15.6 million in the prior year quarter. Cash flow from
operations was $30.2 million for the quarter versus $2.2 million in the
previous year quarter. Total capital expenditures were $25.3 million,
versus $5.9 million in the prior year.

Sales of gas, condensate and natural gas liquids for the quarter were $42.8
million, up 52% from the previous year's $28.1 million. Total production
volume for the quarter was 11.7 billion cubic feet of natural gas
equivalent (Bcfe) compared to 11.6 Bcfe in the prior year quarter. Average
natural gas pricing was $4.11 per thousand cubic feet (Mcf) during the
three-month period vs. $2.26 per Mcf a year earlier. Average crude oil and
condensate pricing was $29.50 per barrel (Bbl), up 65% from the previous
year's $17.90 per Bbl in the year-earlier quarter.

Depreciation, depletion and amortization decreased by $1.2 million due to a
decrease in natural gas and condensate production, partially offset by a
$0.25 per Mcfe increase in the depletion rate because of higher acquisition
cost of properties, increased drilling and development costs and
unsuccessful drilling results in prior periods.

Lifting costs averaged $0.53 per thousand cubic feet equivalent (Mcfe),
versus $0.39 per Mcfe in the prior year quarter. The increase was
attributable primarily to increases in workover expenses. General and
administrative expenses for the quarter were reduced to $4.6 million as
compared to $5.9 million in the prior year quarter. The decrease was
attributable primarily to a decline in professional fees.

                              Six Month Results

For the six months ended July 31, 2000, TransTexas reported net income of
$1.7 million, or $1.35 per common share, on revenues of $81.9 million. This
compares to a net loss of $42.8 million, or $0.74 per common share, on
revenues of $47.6 million in the first six months of fiscal 2000.

Gas, condensate and NGL revenues for the six months increased by $34.2
million from the prior period primarily due to increased oil and gas
prices. Total production volumes for the six months were 23.2 Bcfe, versus
22.7 Bcfe in the prior year. Average natural gas pricing during the six-
month period was $3.43 per Mcf versus $2.07 in the prior period. Crude oil
and condensate prices increased to $28.89 per Bbl versus $15.82 in the
prior year period. Operating expenses for the six months decreased 29% to
$8.2 million from $11.5 million due primarily to decreases in salt water
disposal and maintenance costs.

TransTexas is engaged in the exploration, production and transmission of
natural gas and oil, primarily in South Texas, including the Eagle Bay
field in Galveston Bay. Copies of the company's filings with the Securities
and Exchange Commission may be found on the Internet at

VLASIC FOODS: Reports Break Even 4th Quarter Results; Lazard Still at Work
Vlasic Foods International (NYSE: VL) announced its fiscal 2000 fourth
quarter and year-end results for the period ending July 30, 2000. The
Company said that its strategic review process, which it is implementing
together with Lazard Freres, is progressing and continues to be on
schedule. The Company also said that its introduction of new and improved
products in its "Swanson" frozen foods, "Vlasic" condiments and "Open Pit"
barbecue sauce businesses were on-track for success in fiscal year 2001.
Vlasic Foods reported fourth quarter sales of $206 million, compared to
$275 million a year ago. Excluding sales from divested businesses, sales a
year ago were $235 million. For the year, sales were $902 million, versus
$967 million a year ago, excluding the impact of divested businesses.
Reported sales in the prior year were $1.188 billion.

As expected, earnings before interest and taxes (operating earnings) for
the fourth quarter were break even. Net earnings from continuing operations
for the quarter showed a loss of $11 million, or $0.24 per share versus
earnings of $1.5 million, or $0.03 per share a year ago as the Company
focussed on cash generation. Net loss for the year was $30.1 million or a
loss of $0.66 per share. In the prior year the net loss was $126.3 million
or $2.78 per share. The prior year included special charges, principally
related to the divestiture of Swift-Armour, totaling $140.5 million or
$3.09 per share.

During the fourth quarter, the Company and its senior credit facility bank
syndicate reached an agreement to extend its existing waiver of certain
covenants of that facility through February 28, 2001.

The Company made significant progress during the quarter on several new and
improved product introductions, including: two additional varieties in its
successful line of "Swanson" Potato Topped Pot Pies; a new six-item line of
"Vlasic" peppers; and a new premium line of "Open Pit Grill Classics"
barbecue sauces. Customer acceptance for each of these initiatives has
already reached more than 80 percent of their targeted goals for the year.

WEDDING PERFECTIONS: To Liquidate Bridal Business
---------------------------------------------------------------- has been commissioned to auction the remaining assets of
Wedding Perfections, Inc.  This Stoneham, Massachusetts-based company
recently filed for Chapter 7 liquidation in the U.S. bankruptcy court,
District of Massachusetts. The assets available for auction include an
inventory of approximately 500 bridal dresses, shoes, computer and office
equipment and other miscellaneous items.

Wedding Perfections, Inc. was a retail establishment in Stoneham,
Massachusetts. The owners filed for bankruptcy in May 2000. Pending court
approval, the assets are available for inspection before the auction closes
at 3 p.m. EST on Sept. 29, 2000. Interested buyers can schedule a time to
inspect the inventory and equipment through by sending an
email to or calling toll free (877) 427-7387. CEO, Tom Kohn, said, "Bankruptcy professionals often spend
large amounts of time and resources trying to liquidate hard-to-sell
assets. was created to bring the efficiencies of the
Internet to this market in order to close sales faster and at higher
returns. We have enjoyed success in selling a wide range of assets from
bankruptcy estates, including the type of inventory and equipment being
sold in this case. Our buyers network and our marketing model are enabling
bankruptcy professionals to maximize returns to creditors.", which has listed more than $1 billion of assets for auction
in the last six months, is the leading Internet auction marketplace for
high-value, distressed assets in four categories: financial instruments,
real estate, intangible property and personal property. The company's
secure, online trading solution creates a single, full-service marketplace
giving sellers of distressed assets immediate access to a global pool of
qualified buyers. Similarly, buyers of distressed assets simplify the
acquisition process by gaining access to a centralized marketplace and by
conducting transactions online, saving hours and money formerly spent at
public outcry auctions. According to multiple sources, distressed assets in
the categories offered by exceeded $250 billion in 1999.

WESTSIDE HOUSES: Housing Firm Files for Chapter 11 Protection in New York
Westside Houses, Inc. filed for Chapter 11 protection with the U.S.
Bankruptcy Court in the Southern District of New York, listing total assets
and liabilities of $10 to $50 million each.. The case number is 00-14255,
and Judge Burton R. Lifland is presiding. The Company is represented by
Arthur Steinberg of Kaye Scholer Fierman Hays & Handler, LLP. (New
Generation Research, Inc. 14-Aug-00)

WORTHINGTON INDUSTRIES: Moody's Downgrades Senior Debt Ratings To Baa2
Moody's Investors Service downgraded the senior debt ratings of Worthingon
Industries, Inc. to Baa2 from Baa1.  The downgrade concludes a review
initiated on August 15, 2000 following Worthington's announcement of an
agreement to acquire the assets of Metal Tech, Nex Tech and Galv Tech (The
Techs) in an all-cash transaction valued at approximately $300 million,
with a contingent additional payment of up to $40 million. The downgrade is
based on significantly higher financial leverage and reduced debt
protection measurements arising from this debt-financed acquisition, as
well as an expectation that, despite projected debt reduction, the company
will maintain a more leveraged capital structure in the future. The rating
also considers Worthington's position as a leading domestic steel
processor, its relatively stable margins, and the benefits arising from its
diversified steel fabrication operations. The outlook is stable.

Ratings downgraded are:

    * Worthington Industries, Inc. -- senior unsecured notes and senior
                                      unsecured credit facility rated Baa1

The Techs are independent galvanizing operations with a combined annual
capacity of approximately one million tons per year. In acquiring The
Techs, Worthington adds a significant increment to its galvanizing
capabilities, while broadening its customer base. Combined with
acquisitions, divestitures and processing capacity added in a recently-
completed capital investment program, Worthington has increased its focus
on steel processing and fabrication while expanding the breadth of its
capabilities and the diversity of markets served. This corporate
repositioning, while conferring strategic benefits, has been achieved at
the expense of higher debt levels. Combined with a more aggressive approach
to shareholder returns, Worthington's credit profile has been altered
materially. Debt added in the current transaction will further weaken debt
protection measurements, but it is expected that Worthington will use cash
flow to reduce debt until an appropriate capital structure is achieved. The
outlook is stable, based upon expectations that major acquisition and share
repurchase activity will be curtailed until significant debt reduction is

Worthington Industries, headquartered in Columbus, Ohio, is a leading
national producer of processed steel products. Sales totaled approximately
$2 billion in fiscal year (May) 2000.

* Bond pricing for the week of September 18, 2000
Data is supplied by DLS Capital Partners, Inc.

Following are indicated prices for selected issues:

AMC Ent 9 1/2 '11                          44 - 46
Amresco 9 7/8 '05                          34 - 36
Advantica 11 1/4 '08                       52 - 58
Asia Pulp & Paper 11 3/4 '05               58 - 60
Carmike Cinema 9 3/8 '09                   28 - 30 (f)
Conseco 9 '06                              63 - 65
Fruit of the Loom 6 1/2 '03                54 - 56 (f)
Genesis Health 9 3/4 '05                    6 - 8 (f)
Globalstar 11 1/4 '04                      29 - 31
Loewen 7.20 '03                            34 - 36 (f)
Oakwood Home 7 7/8 '04                     34 - 36
Owens Corning 7 1/2 '05                    51 - 53
Paging Network 10 1/8 '07                  36 - 38 (f)
Pillowtex 10 '06                           18 - 20
Revlon 8 5/8 '08                           52 - 54
Service Merchandise 9 '04                   7 - 9 (f)
Trump Atlantic 11 1/4 '06                  69 - 71
TWA 11 3/8 '06                             42 - 44


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

Each Friday's edition of the TCR includes a review about a book of interest
to troubled company professionals. All titles available from --
go to  
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
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                     * * * End of Transmission * * *