TCR_Public/980130.MBX   T R O U B L E D   C O M P A N Y   R E P O R T E R
      
     Friday, January 30, 1998, Vol. 2, No. 21                      
                    
                     Headlines
                      
ALLIANCE ENTERTAINMENT: Bar Date Set - February 27
AMETECH, INC.: Extends Interim Agreement with Lender
BARRY'S JEWELERS INC.: Hires SBC Warburg to Help with Plan
CAMPO ELECTRONICS: Seeks Extension of Exclusivity
CINCINNATI MICROWAVE: Asks How to Pay Key Employee Bonuses

EVANSVILLE BREWERY: Closing Means Less Revenue for City
GUY F. ATKINSON: Cash Collateral Extended
HOME HOLDINGS INC.: Files Petition for Bankruptcy
HOME THEATER PRODUCTS: Chapter 11 Plan
PARAGON TRADE: Applies to Employ Special Counsel

PARAGON TRADE: Needs Ongoing Utility Services
SOURCECOM: Court Approves Settlement with Creditors
STREAMLOGIC: Files Disclosure Statement and Plan
TAL WIRELESS: Creditor Objects to Sale and Offers More
THE WIZ: Cablevision Electronics Poised for Purchase

WEINER'S STORES INC.: Unveils Post-Bankruptcy Capital Plan
WESTMORELAND COAL: Court Deems Proof of Claim Filed on Time
WESTMORELAND COAL: Court Approves Attorney for Retirees

DLS CAPITAL: Bond pricing for week of January 26

                      *******


ALLIANCE ENTERTAINMENT: Bar Date Set - February 27
--------------------------------------------------
Pursuant to an order of court dated January 15, 1998, all
creditors of the debtors are require to file a proof of
claim on or before February 27, 1998.


AMETECH, INC.: Extends Interim Agreement with Lender
----------------------------------------------------      
Ametech, Inc. (OTC Bulletin Board: AMET) announced January
28, 1998, that it has reached agreement to extend the
forbearance agreement with its lender through February 1,
1998.

Under the previous forbearance agreement that terminated on
January 5, 1998, the lender had agreed that for a five-week
period it would forbear from taking certain actions against
Ametech as a result of defaults under the loan
agreement and would continue to provide a revolving credit
facility, allow the use of certain reserves and make a
limited over-advance accommodation.  That agreement allowed
Ametech to continue limited operations at its Environmental
Transportation Services, Inc. subsidiary (ETS) during the
month of December.

Under the new forbearance agreement the lender has agreed
to provide only limited over-advance accommodations. The
current agreement will allow Ametech to continue only
limited rental operations of its Environmental
Transportation Services, Inc., subsidiary through the end
of January 1998. It also provides that the lender would
forbear from taking certain actions against Ametech as a
result of defaults under the loan agreement until February
1, 1998. All other transportation and related operations
have been discontinued.

While Ametech will continue to explore its strategic
alternatives it is likely that the company will need to
file for protection from its creditors under Chapter 11 of
the U.S. Bankruptcy Code at the end of the current
forbearance period.


BARRY'S JEWELERS: Hires SBC Warburg to Help With Plan
-----------------------------------------------------
Federal Filings reports on January 28, 1998, that after
ringing up holiday sales that beat projections, Barry's
Jewelers may now focus on developing a reorganization plan
and has received court approval to hire SBC Warburg
Dillon Read Inc. to assist with financial aspects of the
process.  Swiss Bank Corp.'s investment banking unit will
be evaluating "any and all alternatives" for the retailer,
including potential merger or sale transactions, said
Barry's Chief Financial Officer E. Peter Healey.


CAMPO ELECTRONICS: Seeks Extension of Exclusivity
-------------------------------------------------
Federal Filings reports on January 28, 1998 that Campo
Electronics Inc. said it is negotiating with its major
creditors to develop a consensual reorganization plan and
asked the court to extend the company's exclusive period
for filing a plan through Feb. 14.  The retailer said the
30-day extension also is needed to properly "evaluate the
company's future performance in light of the recent
Christmas season."


CINCINNATI MICROWAVE: Asks How to Pay Key Employee Bonuses
----------------------------------------------------------
Cincinnati Microwave, Inc., reorganized debtor, asks the
court for an order providing the debtor with instruction
with respect to the payment of key employee retention
bonuses.  The debtor is asking the court for a
determination as to the period covered by the "asset sales"
and how to calculate the proceeds from "asset sales" for
the purposes of the bonus calculations.

Dependent on the method of calculation (and the debtor
offers three interpretations) the aggregate bonuses range
from a high of $155,400 to a low of $21,300. With one
interpretation, more bonuses could be due in the future.

This motion has been set for hearing on February 11, 1998.


EVANSVILLE BREWERY: Closing Means Less Revenue for City
--------------------------------------------------------
The Evansville Courier reported on  01/24/98 that the       
closing of Evansville Brewing Co. operations could mean a
major loss in monthly water and sewer revenue for the
Evansville Utility Department this year unless other
customers pick up the slack.

Utility officials, however, believe there will be other
industrial, commercial and wholesale customers with
increasing water needs who will more than compensate for
the brewery shutting down.

In particular, officials expect water companies in other
counties supplied by Evansville with water will continue to
need more water in the future. Evansville Brewing was the
utility's third-largest water user last year, receiving
121.8 million gallons during the year even with an on-
again, off-again operation before closing.

In 1996, the brewery used 163 million gallons of water.
But utility officials also saw sharp increases in water
usage by other industrial and commercial customers that
promise to offset the revenue lost from the brewery.

Evansville Brewing's monthly water and sewer bills were in
the range of $30,000. But the utility didn't receive all
the money due last year from those bills.


GUY F. ATKINSON: Cash Collateral Extended
-----------------------------------------
In the case of Guy F. Atkinson Company of California, Guy
F. Atkinson Company and Guy F. Atkinson Holdings, Ltd.,
debtors, Judge Thomas E. Carlson entered an order extending
the Third Cash Collateral Order until February 15, 1998.  

The debtors' authority to borrow funds and obtain DIP
financing from the Bonding Companies and to grant liens and
priorities therefor will terminate on January 31, 1998.  

There will be a hearing on February 13, 1998 at which time
the court will consider the debtors' motion for continued
use of cash collateral in the Pool II Assets, and any
funding arrangements that may be proposed for Pool I
Assets.   


HOME HOLDINGS: Files Petition for Bankruptcy
--------------------------------------------
On January 15, 1998, Home Holdings Inc. filed a Chapter 11
petition with the U.S. Bankruptcy Court, Southern District
of New York (Manhattan). The Debtor, a Delaware
corporation, is a holding company, primarily for its wholly
owned subsidiary, The Home Insurance Company, a New
Hampshire property and casualty company. The petition lists
Home Holdings' total assets as $2,828,031.73 and total
liabilities of $644,418,059.53 (as of January 15, 1998).
The Debtor has retained Skadden, Arps, Slate, Meagher &
Flom LLP as counsel for their petition with Kayalyn A.
Marafioti, attorney.

The Court will hold a hearing to consider approval of the
Disclosure Statement on February 27, 1998 at 9:30 a.m. The
Court will also hold a hearing to consider confirmation of
the Plan on April 3, 1998 at 9:30 a.m.

These parties have been appointed to the committee of
unsecured creditors:

    - Contrarian Capital Management LLC
    - Cerberus Partners, L.P.
    - Credit Suisse First Boston Corp.
    

HOME THEATER PRODUCTS: Chapter 11 Plan
--------------------------------------
Home Theater Products International, Inc., dba HTP
International, Inc. filed a plan and the plan confirmation
hearing is impending. The plan designates three classes of
claims and two classes of interest holders.  The Disclosure
Statement hearing was June 11, 1997 and the plan
confirmation hearing is set for January 28, 1998.

Class 1 - Secured claim of the Bank of America N.T. & S.A.
          This claim in the amount of $11,592,292.18 is              
          impaired and will be treated as agreed between     
          the parties.

Class 2 - Unsecured claims entitled to priority status
          Paid in full. ($10,196.15)

Class 3 - General unsecured claims ($2,385,941.03) are
          impaired and will receive a pro rata share from
          litigation proceeds.

Class 4 - Claims of interest holders arising from the         
           purchase and sale of securities. Impaired -  No                      
           distribution.

Class 5 - All interest holders in the debtor.  Impaired -     
          Terminated and canceled.

As of December 1996 the debtor has ceased all business
operations.


PARAGON TRADE: Applies to Employ Special Counsel
------------------------------------------------
Paragon Trade Brands, Inc. applied to employ Baker & Botts
as its special litigation counsel to represent Paragon in
the pending action with Kimberly-Clark, and to coordinate
with counsel in the action with the Procter & Gamble Co.
The debtors are seeking the employ of this firm due to the
firm's antitrust and discovery experience in Texas.

Baker & Botts currently has unpaid invoices owing from
Paragon totaling $20,500.

The debtor is also seeking court approval for the
employment of Cravath Swaine & Moore as its special counsel
in the action with the Procter & Gamble Co. and in the
action with Kimberly-Clark.  Debtors are seeking the employ
of this firm due to their knowledge and experience of
patent law, antitrust law and federal appellate procedure.  
Paragon believes that this representation will be critical
to the company's reorganization.

Both firms will bill the debtor pursuant to their normal
hourly rates.


PARAGON TRADE: Needs Ongoing Utility Services
---------------------------------------------
Paragon Trade Brands, Inc. as debtor, is requesting that
the court enter an order determining adequate assurance of
payment for future utility services and restraining utility
companies from discontinuing, altering or refusing service.

The debtor believes that its ongoing operations together
with funds which will be available through its right to
borrow funds pursuant to the DIP facility will provide
sufficient cash to pay for the debtor's post-petition
utility services on a current basis.  The debtor is current
on its payments for utility services  and proposes an
expedited review process whereby the utility companies
could seek to modify the terms of this Order.


SOURCECOM: Court Approves Settlement with Creditors
---------------------------------------------------
Judge Kathleen T. Lax approved the Chapter 11 Trustee's
motion to approve settlements with both of the estates'
secured creditors in the matter of In re Sourcecom
Corporation.

Pursuant to the Settlement Agreement, secured creditors
PairGain Technologies Inc. and Greyrock Business Credit
agreed to reduce their secured claims by approximately
$910,000 (to a total of $4.3 million) and to waive their
unsecured claims.

The Trustee for Sourcecom estimates that the net economic
value of these settlements to the estate is approximately
$1.2 million, and will increase the anticipated
distribution to unsecured creditors to between 30% and 40%.  
The Trustee anticipates a proposal of a plan of liquidation
by mid-February.


STREAMLOGIC: Files Disclosure Statement and Plan
------------------------------------------------
The debtor, Streamlogic Corporation filed its first amended
plan of reorganization dated January 15, 1998.

The treatment of non-classified priority claims is to pay
such claims in cash either in the amount of the claim or in
the amount agreed to by the claimant and the debtor.  
Unimpaired claims are those priority claims in Class A -
Priority Claims and Class B - Secured Claims.  The debtor
estimates that the allowed amount of Class A priority
claims will be approximately $35,000. Class B secured
claims filed by creditors are in an aggregate, approximate
amount of $670,000.

Impaired Classes are Class C Convenience claims who will
receive 10% of any such allowed claim, subject to an opt-
out and opt-in election.  The debtor anticipates that
holders of approximately 340 allowed claims, in an
aggregate amount of approximately $360,000 will elect to be
within Class C, and that the distributions therein will be
approximately $34,000.  Those amounts assume that holders
of claims of up to $4000 will elect to reduce their claims
to be within Class C. Class D consists of general unsecured
claims which shall be paid on a pro rata basis. The debtor
estimates that the aggregate amount of all allowed claims
within Class D, including the Debentures and Notes, will be
approximately $30 million.  

The debtor estimates that distributions upon allowed claims
within Class D will be in an aggregate amount that is
approximately 17.10 percent of the total amount of such
allowed claims based upon the analysis set forth in the
disclosure statement. Reorganized Shares of stock, when
distributed, shall be deemed to have a value of $0.325 for
purposes of calculating distributions upon and in
satisfaction of allowed claims within Class D.

Class E consists of all interest in the debtor, meaning all
shares of the debtor's common stock and all options,
warrants and other rights affecting the debtor's stock or
equity interests. All existing shares of the debtor will be
canceled and all option, warrants and other rights
affecting such stock will be terminated.

On the effective date of the plan, the debtor will be
reorganized and will emerge from bankruptcy with an new
capital structure and working capital which its management
believes is sufficient to return the company to
profitability, through support of tits hammer product line
and related operations.


TAL WIRELESS: Creditor Objects to Sale and Offers More
------------------------------------------------------
Creditor RDC Networks, Inc. objects to the motion to sell
assets filed by the debtor, TAL Networks, Inc.  RDC submits
that it will match the present offer of Wireless Networks,
Inc. to pay $4,000 upon the court's approval of RDC's
offer; and RDC will double the amount per unit to be paid
to the debtor for the first 1,000 units which incorporate
any of the assets purchased from the debtor.

RDC states that it is capable of manufacturing the Wireless
Router; and that it would be extremely difficult for the
debtor (or anyone else working with the Wireless Routers)
to operate without RDC's support because RDC manufactured
the core part of the Wireless Routers; and RDC actually
manufactured a significant amount of the assets and is
singularly capable of providing the requisite technical
support.


THE WIZ: Cablevision Electronics Poised for Purchase
----------------------------------------------------
The Wiz Inc., et al, debtors filed a motion on January 27,
1998 seeking authority to sell substantially all of the
debtors' assets to Cablevision Electronics Investments Inc.
and seeking authorization to conduct an auction on February
3, 1998.

The purchase price for the business is $10 million (less
Assumed Administrative expenses) plus the Inventory Amount
(as defined in the Agreement).  Cablevision will assume
liabilities and the debtors will pay the cure amounts on
all leases up to $2.227 million.  A break-up fee of $2
million will be paid to Cablevision in the event that the
sale does not close, as set forth in the Agreement.

Overbids of Cablevision Electronics' bid must exceed the
purchase price set forth in the Purchase Agreement by a
minimum of $2.5 million, with successive bids for an
increase of at least $500,000.


WEINER'S STORES INC.: Unveils Post-Bankruptcy Capital Plan
----------------------------------------------------------
Weiner's Stores Inc. announces its plan to recapitalize
business since emerging from Chapter 11 bankruptcy
proceedings August 26, 1998. Weiner's Stores, Inc., a
Delaware corporation, is a neighborhood family retailer of
branded products for value-conscious customers. The company
operates 128 stores located primarily in strip shopping
centers in Texas and Louisiana.

Weiner's has filed a Form 10-12G with the SEC to register
common stock, par value $.01 per share. The Company is
authorized to issue up to 50,000,000 shares of Common Stock
and up to 10,000,000 shares of Preferred Stock.

The capital plan is designed to allocate funds to open new
stores, major remodels at stores, the maintenance and
upgrading of existing locations and the replacement of
management information systems and store point-of-sale
systems. The Company expects to open 30 locations in
existing and contiguous markets over the next five years.

Weiner's expects to obtain the funds for such capital
expenditures from operating cash flow and borrowings under
the Credit Facility. The Credit Facility limits the
Company's capital expenditures for 1997, 1998 and 1999 to
$7,000,000 in each of those years, and $5,000,000 for the
period from January 30, 2000 to August 31, 2000. There can
be no assurances that the Company will have the resources
to fulfill its capital plan.


WESTMORELAND COAL: Court Deems Proof of Claim Filed on Time
-----------------------------------------------------------
Judge Marcia S. Krieger has determined that the
Commonwealth of Virginia, the Virginia Workers'
Compensation Commission and the Uninsured Employer's Fund,
on behalf of 261 Virginia Workers' compensation award
claimants are deemed to have filed their proof of claims on
time.


WESTMORELAND COAL: Court Approves Attorney for Retirees
-------------------------------------------------------
Judge Marcia S. Krieger has entered an order authorizing
the Westmoreland Retired Salaried Employees' Committee to
employ Wolf, Block, Schorr and Solis-Cohen LLP as counsel
for the Committee.


DLS CAPITAL: Bond pricing for week of January 26
------------------------------------------------
Following are indicated prices for selected issues:

Amer Telecasting 0/14 1/2 '04        27 - 29
APS 11 7/8 '06                       40 - 43 (f)
Boston Chicken 7 3/4 '04         64 1/2 - 65 1/2
Bradlees 11 '02                       5 - 6 (f)
Brunos 10 1/2 '05                    44 - 46
CAI Wireless 12 1/4 '02              26 - 28
Cityscape 12 3/4 '04                 45 - 48
Harrah's Jazz 14 1/4 01              31 - 33 (f)
Hechinger 9.45 '12                   75 - 77
Hill's 12 1/2 '03                    83 - 84
Grand Union 12 '04                   46 - 47
Great Bay 10 7/8 '04                 82 - 84 (f)
Levitz 9 5/8 '03                     38 - 42 (f)
Liggett 11 1/2 '99                   66 - 69
Marvel 0 '98                          4 3/4 - 5
Mobilmedia 9 3/8 '07                 11 - 12 1/2 (f)
Mosler 11 '03                        78 - 82
Penn Traffic 9 5/8 '05               56 - 57
Royal Oak 11 '06                     74 - 78
Trump Castle 11 3/4 '03              96 - 97
Wickes 11 7/8 '03                    95 - 96

Grand Union bonds swooned 7 points as bankruptcy rumors
circled. Royal Oak bonds recovered nicely after a
bondholders' consent.  

                     ---------

A listing of meetings, conferences and seminars appears   
every Tuesday.
  
Bond pricing, appearing each Friday, is supplied by DLS   
Capital Partners, Dallas, Texas.  
  
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Troubled Company Reporter is a daily newsletter, co-
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Debra Brennan and Lexy Mueller, Editors.   
  
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