TCR_Public/980916.MBX T R O U B L E D   C O M P A N Y   R E P O R T E R
   Wednesday, September 16, 1998, Vol. 2, No. 181


AHERF: Website Created
ABLE TELECOM HOLDINGS: Asensio & Co. Reports Trouble
BROTHERS GOURMET: Key Employee Retention Program
BRUNO'S: Seeks to Auction Leasehold Interests
CALDOR CORP: Reports Financial Results

FRONTIER AIRLINES: First Annual Profit This Fiscal Year
FRUEHAUF TRAILER: Creditors Accept Plan
FULCRUM DIRECT: Headquarters' Lease Under Consideration
GAYLORD COMPANIES: Effective Date of Plan
HAGERSTOWN FIBER: Objection to Order Dismissing Case

HOMEOWNERS MORTGAGE: Order Authorizes Accountants
INTEGRAL PERIPHERALS: Taps PricewaterhouseCoopers
INTERNATIONAL META: Notice of Chapter 7 Case
INTERNATIONAL META: Trustee To Sell Off Chip Designs, Tools

JACKSON BROOK: Mercy Hospital Gives Up on Bid
LEVITZ FURNITURE: To Switch Advertising Contracts
MOBILEMEDIA: Seeks To Extend Solicitation Period
MOLTEN METAL: Left With Angry Investors

PACE HEALTH MANAGEMENT: Asset Purchase Agreement
PARAGON TRADE: Committee Responds to Exclusivity Extension
PARADISE HOLDINGS: Applies to Employ Counsel
TOSHOKU AMERICA: Seeks Time to Reject or Assume Leases
UNISON HEALTHCARE: Examiner To Probe Related Creditor


AHERF: Website Created
Information on the sale of Allegheny Health, Education and
Research Foundation (AHERF) hospitals will be available at
the Pennsylvania Department of Health's website.
According to Secretary of Health Daniel F. Hoffman, the
site will provide an easy-to-use location for potential
bidders and others interested in the Allegheny-AHERF sale.
The bankruptcy court has ordered a September 29 auction of
the facilities. On July 21, AHERF filed bankruptcy
petitions in the Western District of Pennsylvania, and on
August 7 filed a motion to begin procedures to sell some of
its hospitals, including eight in Southeastern
Pennsylvania. (ABI 15-Sept-98)

ABLE TELECOM HOLDINGS: Asensio & Co. Reports Trouble
Asensio & Company, a member of the National Association of
Securities Dealers, announced that in two unannounced
filings, Able Telcom Holdings Corp. (Nasdaq:ABTE) disclosed
that it could not file its Form 1OQ for the quarter ended
July 31, 1998.  Able also disclosed that Ernst & Young LLP,
its most recent auditors, resigned effective September 7,
1998. Ernst & Young was Able's sixth auditor in the last
ten years.  Able failed to notify its shareholders of its  
auditors' resignation for seven days.  These two
announcements were included in SEC filings. Able has yet to
directly inform its shareholders of these adverse

In an obvious case of selective disclosure, on September
11th, Able issued a press release that did not mention that
its auditors had resigned or its inability to file the Form
1OQ.  Instead, Able announced it had concluded its  
financing terms with WorldCom, Inc. Even in disclosing
financing terms, Able failed to provide material, adverse
information.  Able failed to disclose the conditions of the
new loan, the amount of receivables it had collected and
paid  to WCOM, and the amount of NT's losses used to reduce
the purchase price.

Able has also not disclosed the circumstances of its $10
million, 12% Senior Subordinated Notes.  First, it failed
to disclose that the WCOM debt violated the Note's
convenants and required a default waiver, which led to  
Able's obligation to repay the Notes in full on August 31,
1998.  Now Able has failed to disclose whether it made the
Note payment or defaulted.

Asensio & Company is a New York-based institutional
investment bank specializing in corporate valuations and
equity research.

BROTHERS GOURMET: Key Employee Retention Program
Brothers Gourmet Coffees, Inc. et al., debtor, seeks a
court order approving key employee retention, severance,
and benefit programs.

The debtor is seeking to continue the existing severance
program, the continuance of prepetition benefits with
respect to certain key employees and the adoption of a key
employee retention program.

The debtor states that the departure of any key employees
could severely jeopardize Brothers' prospects for
successfully emerging from Chapter 11.  The debtor is
concerned that if resolving the chapter 11 case involves a
sale to another company, the positions of key management
personnel may become redundant as a result of such sale,
and in order to preserve the debtor's value, it is critical
to retain these key employees.

The program entitles the key employees to a retention bonus
together with a fixed sum of base salary (ranging from one
year to three months) if the employee is dismissed without
cause.  The total cost of the proposed retention bonuses is  
$608,750.  The program also includes a key management
incentive bonus designed to reward the top three officers.

BRUNO'S: Seeks to Auction Leasehold Interests
The debtors, PWS Holding Corporation, Bruno's, Inc., et
al., debtors, desire to market and sell, if possible, their
interest in certain of the leases relating to nine stores.

The leases have little, if any, value to the debtors as
part of the debtors' ongoing business operation, however
some or all of the leases may be of value to third parties.    
To the extent that there are no offers accepted for a
particular lease, the debtors request approval to reject
such leases.

The debtors have determined that the assumption, assignment
and sale of the leases by auction will enable the debtors
to obtain the highest and best offers for such leases and
maximize the value of their estates.  The debtors request
that the court authorize the debtors to schedule and
conduct the auction on September 22, 1998.

The stores are located:
47 Moffat Road, Mobile, Alabama
3445 St. Stephens Rd., Prichard, Alabama
1955 Glenn Blvd., Fort Payne, Alabama
1400 Appalachee Pkwy., Tallahassee, Florida
5700 Telephone Rd. Pascagoula, MS
110 and 120 Keating Rd., Batesville, MS
1659 Robert Foster, Griffin, Georgia
1011 E. 16th Ave. Cordele, Georgia

CALDOR CORP: Reports Financial Results
The Caldor Corporation announced its financial results for
the thirteen and twenty-six week periods ended August 1,

Net sales for the second quarter of 1998 were $572.5
million, compared to $598.2 million for the second quarter
of 1997, a decline of 4.3%. Comparable store sales
increased 2.0% for the quarter. For the twenty-six weeks
ended August 1, 1998, net sales were $1.10 billion,
compared to $1.12 billion in the same period last year, a
decrease of 1.9%. For the first half of fiscal 1998,  
comparable store sales increased 3.1%. Net sales for both
the quarter and year to date were affected by the Company's
closing of twelve stores during spring 1998.

During the second quarter of 1998, the Company reported an
operating loss (results before interest, taxes and
reorganization items) of $409, 000 compared
to $1.5 million in the second quarter of 1997. For the
twenty-six weeks ended August 1, 1998, the Company's
operating loss was $17.7 million, compared to a  
loss of $21.2 million in the same period last year.

The Company's net loss for the second quarter was $16.1
million or $0.95 per share, compared to a net loss of $18.0
million, or $1.07 per share, for the second quarter of
1997. The net loss for the first half of 1998 was $47.1  
million, or $2.78 per share. In the comparable period in
1997, the net loss was $54.3 million, or $3.21 per share.
The results for the second quarter and first half of 1998
included reorganization items of $4.7 million and $7.9
million,  respectively, principally for professional fees
and other bankruptcy related  expenses.

Warren D. Feldberg, Chairman and Chief Executive Officer
commented, "Caldor's results show improvement, with a
comparable store sales increase of 3.1% for  
the year-to-date period, and further reductions in
operating expenses. The Company also continues to have
significant credit availability under its $450  
million DIP credit facility."

Feldberg said, "Based on the encouraging results of our
ten-store test of a substantially enlarged junior apparel
assortment, we have rolled out the assortment chainwide. In
addition, on September 24, we will grand re-open three
stores which have been converted to our new prototype."

Recently, Caldor announced the extension through March 1,
1999 of its exclusive period to file a plan of
reorganization and the period for which it can solicit  
acceptances for the reorganization plan through April 30,
1999. The extension, granted with the support of the
Company's Term Loan Holder, Creditor, and Equity
Committees, will enable Caldor to implement its
strategies through the  back-to-school and holiday periods
and make refinements as appropriate.

"I am pleased to say we are actively proceeding with
reorganization plan discussions with our creditor
constituencies, aimed at positioning Caldor for emergence
in spring 1999," Mr. Feldberg concluded.

EBITDAR (Earnings before interest, taxes, depreciation,
amortization and reorganization) for the thirteen weeks
ended August 1, 1998 was $13.2 million compared to $13.7
million in the thirteen weeks ended August 2, 1997. For the
twenty-six weeks ended August 1, 1998, EBITDAR was $8.7
million compared to $9.1 million for the 26 weeks ended
August 2, 1997.

FRONTIER AIRLINES: First Annual Profit This Fiscal Year
Frontier Airlines Chief Executive Officer Sam Addoms told
company shareholders on Thursday the airline hopes to
report its first annual profit this fiscal year, which ends
March 31.

The airline reported a narrow profit in its first quarter
ended June 30 and Addoms told shareholders at the annual
meeting that the company is doing well in the current

Addoms said the fiscal year that ended last March - in
which Frontier lost $17.7 million - was an ordeal for the
airline. Frontier attempted a merger with Western Pacific
Airlines and then, when the merger fell apart a year ago,
WestPac and Frontier found themselves in vicious
fare competition that drove down ticket prices and eroded
any chance of profitability. WestPac filed for bankruptcy
last October and went out of business in February. (Denver
Post -09/11/98)

FRUEHAUF TRAILER: Creditors Accept Plan
Chriss W. Street, chair, president and CEO of Fruehauf
Trailer Corp., announced that all classes of creditors have
voted to accept the company's chapter 11 reorganization
plan and disclosure statement, which were filed on August
12, according to a newswire report. The Bankruptcy Court
for the District of Delaware has scheduled a confirmation
hearing for tomorrow. According to the plan, securities
held by Fruehauf will be distributed to the company's
secured bondholders. Remaining assets, including a trailer
manufacturing plant in Mexico and an international
portfolio of properties, will be transferred to a
liquidating trust for the benefit of the company's
creditors. Street has been retained as trustee for the
liquidating trust. (ABI 15-Sept-98)

FULCRUM DIRECT: Headquarters' Lease Under Consideration
Fulcrum Direct, Inc., Fulcrum West, LLC and Equipment Bond
Purchaser, Inc., debtors seeks court authority granting the
debtor until November 27, 1998 to assume or reject the
lease of nonresidential real property for Fulcrum's
headquarters in Rio Rancho, new Mexico, under which Fulcrum
is lessee.

Fulcrum entered into an agreement to sell the majority of
its assets to dELIA's Inc. The debtor seeks an extension of
the existing deadline to assume or reject its headquarters'
lease due to the fact that the debtor can not vacate the
premises earlier than October 15, 1998.  Once the proposed
sale is completed, and it is expected to be consummated on
or immediately after September 15, 1998, Fulcrum will have
to dispose of a lot of inventory that is not part of the
proposed sale on a closeout basis.  Also, if Fulcrum
assumes and assigns the Lease Agreement, because the rental
payments are below market, the potential benefit to the
estates can be as high as $350,000.

Fulcrum also states that given the value of the lease, it
would be imprudent and very difficult for Fulcrum to decide
whether to assume or reject the lease without the benefit
of a sufficiently thorough analysis.

GAYLORD COMPANIES: Effective Date of Plan
The Amended Plan of Reorganization for Gaylord Companies,
Inc., The Cookstore, Inc. and the Cookstore Worthington,
Inc. became effective on August 12, 1998.  Gaylord
Companies, Inc. has changed its name to home Retail
Holdings, Inc.  The Cookstore, Inc. and The Cookstore
Worthington, Inc. have merged with a and become a part of
Home Retail Holdings, Inc.

HAGERSTOWN FIBER: Objection to Order Dismissing Case
The debtor, Hagerstown Fiber Limited Partnership, objects
to the proposed order dismissing the Chapter 11 case and
applies for an order authorizing the debtor to continue in
Chapter 11 to wind-up its affairs pursuant to a Chapter 11
liquidating plan or, conditioning the entry of any
dismissal order on the debtor's right to convert the case
to a Chapter 7 case.  Or, if the case is dismissed, the
debtor asks that the court retain jurisdiction of the case
for certain matters.

Pencor First Fiber, Inc., the debtor's former general
partner is seeking an order to dismiss this Chapter 11
case.  The debtor seeks to remain in a liquidating Chapter
11 case to promptly file a liquidating Chapter 11 plan.

The debtor seeks to propose a confirmable Chapter 11 plan
of liquidation.  The plan will be premised on the
disposition of the debtor's mill and the assumption or
rejection of executory contracts, and will have as one
element a meaningful recovery for general unsecured
creditors.  The debtor states that the unofficial committee
of bondholders representing the vast majority of the
debtor's secured and unsecured indebtedness also object to
dismissal of the case.

HOMEOWNERS MORTGAGE: Order Authorizes Accountants
On September 8, 1998, the Bankruptcy Court for the Western
District of Texas Austin Division entered an order for the
debtor, Homeowners Mortgage & Equity, Inc., to employ
PricewaterhouseCoopers to perform accounting and consulting

INTEGRAL PERIPHERALS: Taps PricewaterhouseCoopers
Integral Peripherals, Inc. seeks court authority to employ
the accounting firm of PricewaterhouseCoopers LLP to act as
tax compliance accountant for the debtor.  The firm has
requested a retainer of $29,000 for eventual payment of
allowed fees and expenses incurred on behalf of the debtor.  
The services to be performed include the completion and
filing of the debtor's 1997/98 corporate income tax return
and applicable state returns and the auditing of the last
two years of the debtor's 401(k) plan.  The firm will
maintain the retainer in its trust account pending further
order of court regarding allowed payments for fees and

On September 9, 1998, the plan of reorganization under
chapter 11 of Interline Resources Corporation was  
confirmed by the United States Bankruptcy Court for the
District of Utah.  As a result, restraints on the
activities of Interline imposed by the Bankruptcy code have
been removed.  Interline reached agreement with its
major creditor during the chapter 11 case and the terms of
the agreement were incorporated in  the plan.  All other
creditors will be paid in full under the plan.

Michael R. Williams, President of Interline Resources,
stated, "The chapter 11 reorganization was unfortunate;
however, the proceedings helped the Company to focus on its
goal of providing high tech environmental solutions to
the growing  problem of used oil disposal world wide."  
Interline has developed an innovative method for the
removal of physical and chemical contaminants
from  used oil, yielding quality lubricating base oils or
clean burning industrial  fuels. Interline has built plants
utilizing its technology in England, United Arab Emirates,
United States, Korea, Australia, with a new
license being signed  for a plant in Spain.

Interline Resources is a holding Company engaged in three
areas of business, each operating as wholly owned
subsidiaries.  Interline Hydrocarbon, Inc. commercializes
the Company's used oil refining technology world wide;
Interline Energy Services is a gas Processing and crude
gathering system located near Douglas, Wyoming; and NRG
Transportation is a trucking company, supplying LPG  
liquids for Interline's Well Draw Gas Plant.

INTERNATIONAL META: Notice of Chapter 7 Case
On September 9, 1998, the Chapter 11 case of International
Meta Systems, Inc. was converted to a case under chapter 7.  
The Bankruptcy Trustee is Randolph N. Osherow.  Eric J.
Taube of Austin, Texas is attorney for the debtor.  The
Meeting of Creditors is set for October 9, 1998 at 11:00
A.M. Austin Room 118, Homer Thornberry Bldg., 903 San
Jacinto, Austin, Texas 78701.

INTERNATIONAL META: Trustee To Sell Off Chip Designs, Tools
Bankruptcy courts in Texas are used to selling off
equipment to pay the debts of bankrupt businesses.
But now a court trustee must liquidate an Austin computer
chip design firm, whose principal assets are designs,
software design tools and the methods used to create chip

U.S. Bankruptcy Judge Frank Monroe of Austin on Wednesday
ordered International Meta Systems into Chapter 7
liquidation, after an initial plan for reorganization fell
through.  The ruling appeared to spell the end for the
company, which was founded in Southern California in the

Meta Systems aimed to be a player in the market for
processor chips that could compete with Intel Corp.'s
vaunted Pentium and Pentium II chips. It employed more than
50 chip designers at its peak in an ambitious design
project called Meta 6000, which aimed to rival the
Pentium's performance.

That project ran into delays, and the Austin design center
was shut down late last year. The company failed to raise
new investment funds. It moved its headquarters to Austin
to save money. Then it filed for Chapter 11 reorganization
in March.

"This is an atypical liquidation," said Eric Taube, the
company's bankruptcy lawyer. "In a normal liquidation you
usually have bricks and sticks (to sell).  Here, the assets
are intellectual property -- ideas and software and ways of  
designing chips." Because of that, Taube said it is
uncertain just how much money can be raised to pay off its
nearly $9 million in debts. Its assets include designs  
and design methods for incorporating functional chip
modules, called cells,into larger chip designs.
That job is up to trustee Randy Osherow of San Antonio, who
will attempt to find a buyer.

"The liquidation could take weeks, days or months," Taube
said. "It depends on who is interested in what."

In November, the company had filed documents with the
Securities and Exchange Commission to sell stock to the
public. Its registration statement showed that it lost $4.7
million in the first half of 1997. Management's actions and
the bankruptcy proceeding have been harshly criticized on
an Internet Web site created by disgruntled shareholders,
who created an organization called the International Meta
Systems Legal Defense Fund.

"It's a fraudulent bankruptcy according to our side," said
Tom Childs, a Canton, Ohio, investor who helped create the
Web site for IMS investors. Childs said he and hundreds of
other investors stand to receive nothing from what he
believes are substantial assets that include a library of
designs for more than 200 chip modules or cells.
Taube had no comment on the investors' complaints.
(Austin American Statesman - 09/11/98)

JACKSON BROOK: Mercy Hospital Gives Up on Bid
Mercy Hospital announced Monday it has withdrawn from the  
bidding for Jackson Brook Institute, leaving Maine Medical
Center as the only formal bidder for the private
psychiatric hospital.

"We have other interested parties, but none has filed a
formal bid," said David Hillman, the attorney representing
Jackson Brook. "The ball is in Maine Med's court. This is a
window of opportunity for Maine Med to offer a fair  
price and make sure it {JBI} stays a Maine company."

So far, Maine Medical Center has not offered enough money
for the South Portland hospital and its outpatient clinics
known as Smith House, Hillman said. Mercy Hospital is still
bidding for Smith House, he added.

Jackson Brook filed for Chapter 11 bankruptcy protection
last March after it had trouble meeting its payroll. The
state, owed money by JBI, was crucial in helping Jackson
Brook continue its operations.  The hospital, now managed
by Quorum Health Resources, recently secured a loan that
officials said will enable them to continue operations
through the end of the year.

State officials have blamed Jackson Brook's financial
problems on its Massachusetts-based parent company,
Community Care Systems, saying it drained hospital revenue
to support its other operations.(Bangor Daily News -

LEVITZ FURNITURE: To Switch Advertising Contracts
Levitz Furniture, Inc. et al., debtors, seeks to reject an
executory advertising contract with Black Dot Graphics,
Inc. and its wholly owned subsidiary, Amrosi & Associates,
Inc. and to enter into a new advertising contract with
Avanti Press, Inc. and the Case-Hoyt Corporation.  The
debtors believe that it is in their best business judgment
to reject one contract and enter into the new contract.  
The debtors desire the new contract due to a planned new
direction with their print advertising, the geographic
location of the firm and the improved cost of services.

MOBILEMEDIA: Seeks To Extend Solicitation Period
MobileMedia Communications, Inc., et al., debtors, filed a
motion seeking to extend the exclusive period during which
the debtors may solicit acceptances of their second amended
joint plan of reorganization.

A hearing will be held on September 24, 1998.

The debtors seek to extend the Exclusive Solicitation
Period to and including December 31, 1998.  The debtors
argue that extending the exclusive period is necessary in
order to permit the debtors to commence solicitation and
seek confirmation of the plan without the unnecessary
delay, disruption and confusion that would accompany the
filing of any "competing" plans of reorganization.  The
debtors state that allowing them to proceed with this
process, free from the spectre of alternative plans, is in
the best interest of all parties-in-interest in these

MOLTEN METAL: Left With Angry Investors
The science behind Molten Metal Technology Inc. once seemed
so promising - bathe toxic wastes in boiling metal and the
hazardous components will burn off.

Instead, it was largely investors' money that went up in

Stock valued at nearly $1 billion three years ago is worth
almost nothing today. And the once high-flying Waltham
company's few remaining officials spend a disproportionate
amount of time in court.

Numerous Molten Metal officials and the company's lawyer
did not return telephone calls seeking comment for this
report. But public records and interviews with people
who've followed and dealt with Molten Metal show the risks
that shadow companies that essentially depend on  
one technology. The company sought Chapter 11 bankruptcy
court protection last December, buying time to reorganize
and come up with a way to repay its creditors.

The company's problems are also being studied by a federal
bankruptcy trustee, Stephen S. Gray, who was appointed two
weeks ago to explore options that could be as severe as
selling off assets. Gray also did not return a telephone
call. While he may not liquidate Molten Metal, his
appointment is nonetheless an ominous sign of trouble for a
company that seemed to have nothing but potential
in 1995.

Molten Metal had its origins at the Massachusetts Institute
of Technology.  The premise behind the business was that
super-hot melted metals could break toxic wastes down into
their original, less-harmful components. The science  
seemed to work. Molten Metal won grants from the federal
Department of Energy. The agency awarded Molten Metal $25
million in research grants during one 15- month period
beginning in late 1993, according to court documents. To
date, the  Energy Department has paid $33 million to Molten

But over time, the company had a tough time keeping its
stream of Energy Department grants flowing.
Stunning many investors, the company announced in late
October 1996 that an anticipated $20 million in Energy
grants would be cut to $8 million. About a year later, the
very grants themselves became a problem.

According to a July 1 submission, Molten Metal has assets
worth $14 million and liabilities of $191 million.
In the filing that led to the appointment of Gray, the
bankruptcy trustee, a  Molten Metal creditor wrote that the
company's "cash situation is now critical"  and could lead
to "a complete shutdown." (Boston Herald-09/14/98)

North Carolina Medical Associates, a medical group
affiliated with MedPartners, has filed for bankruptcy
protection, listing assets of $500,000 and liabilities of
more than $1 million, according to Modern Healthcare. The
Raleigh-based medical group said that as of late August,
its 20 primary care physicians and four physicians;
assistants had not been paid in more than 50 days; the
group’s medical director said a series of management
decisions turned out to be not so sound. The terms of the
contract between Medical Associates and Birmingham, Ala.-
based MedPartners have not been made public. According to
court documents, MedPartners is the major creditor; it
claims to be owed $1.3 million, but the physicians dispute
this amount. The physicians have until November 18 to file
a plan. (ABI 15-Sept-98)

PACE HEALTH MANAGEMENT: Asset Purchase Agreement
PACE Health Management Systems, Inc. filed a preliminary
revised proxy statement with the SEC.  The company reports
that at a Special Meeting, shareholders will be asked to
consider and to vote upon a proposal to approve and adopt
an Asset Purchase Agreement, dated June 30, 1998 by and
between the Company and Minnesota Mining and Manufacturing
Company, a Delaware corporation ("3M"), pursuant to
which 3M has agreed to purchase substantially all of the
Company's assets and assume certain of the Company's

If the Asset Purchase Agreement is approved and the
Transaction becomes effective, the Company will receive a
cash purchase price of $4,750,000, $750,000 of which will
be placed in escrow, and will be subject to certain
adjustments as described in the accompanying Proxy
Statement. The liabilities of the Company that will be
assumed are expected to total approximately $1,400,000.
Although the Company will no longer operate a business
following the Transaction, the Company will not be
liquidated. Management of the Company intends, for a period
up to twelve months following the Transaction, to seek a
business combination with a suitable entity. In the
interim, the net proceeds from the Transaction will be
invested in U.S. government securities.

PARAGON TRADE: Committee Responds to Exclusivity Extension
The Official Committee of Unsecured Creditors of Paragon
Trade Brands, Inc., responds to the motion filed by Paragon
Trade Brands, Inc. seeking an order further extending the
debtor's exclusive periods to file a plan of reorganization
and solicit acceptances thereof through and including
November 15, 1998 and January 15, 1999 respectively.

The committee has no objection for a further 30 day
extension of the Exclusive Periods through and including
October 15, 1998 and December 15, 1998, respectively.

The Committee believes that the last three weeks during
which Committee counsel has acted as mediator between the
debtor and Procter & Gamble Company have evidenced a
willingness by the debtor to engage in meaningful
settlement negotiations to resolve the claims of P&G and
Kimberly-Clark Corporation.  As a result, the Committee
agrees that a further, brief extension of exclusivity is

By the terms of a response of Kimberly-Clark Corporation to
the debtor's motion for an extension of exclusivity, KC
agrees to a thirty day extension of the period, and states
that the debtor is willing to shorten its request to thirty

PARADISE HOLDINGS: Applies to Employ Counsel
The debtor Paradise Holdings Inc., fdba Java Centrale,
Inc., and fdba Central Equipment Company requests court
authority to employ the firm of Diepenbrock, Wulff, Plant &
Hannegan, LLP as counsel during the pendency of this case.

The firm will among other things, advise the debtor with
respect to all matters and proceedings in this Chapter 11
case; will assist with a possible sale of assets and will
assist in the preparation of a plan.

Sizzler International Inc. filed a quarterly report with
the SEC for the period ended July 26, 1998.  The company
reports 28,823,249 shares of common stock outstanding as of
August 31, 1998.   

Total revenues were $52.6 million for the first twelve
weeks of fiscal 1999, which represents a decrease of $7.0
million, or 11.8 percent, compared to the first twelve
weeks of the prior fiscal year. This decrease is primarily
due to the closure of four Company-operated Sizzler
restaurants and a net decrease of five franchised Sizzler
restaurants, as well as an 18.8 percent decrease in the
Australian dollar exchange rate. During the same period,
the Company opened two and closed one KFC restaurant in
Australia. Revenues increased domestically by $1.7 million
or 7.4 percent. International revenues decreased by $8.7
million or 23.8 percent compared to the first twelve weeks
of the prior year.

Domestically, earnings before interest and taxes improved
$0.2 million to $1.5 million, from $1.3 million in the same
period last year. This increase was due to increased sales
combined with cost reductions.

TOSHOKU AMERICA: Seeks Time to Reject or Assume Leases
Toshoku America, Inc. seeks an extension of the time in
which it can assume or reject certain unexpired leases of
nonresidential real property.

The debtor is the lessee or sublessee under three unexpired
leases of nonresidential real properly for certain premises
located in San Francisco, California; Portland, Oregon and
New York, NY at which the debtor has maintained and
continues to maintain its offices.

The size and complexity of the Chapter 11 case make it
impossible for the debtor prudently to assume or reject the
leases by September 21, 1998.  The debtor conducts its
business in all locations that are the subject of the
leases and intends to do so.
The debtor seeks an extension of time for a period of 90
days, through and including December 20, 1998, without
prejudice to the debtor's right to seek further extensions.

UNISON HEALTHCARE: Examiner To Probe Related Creditor
The court has authorized the appointment of an examiner for
Unison Healthcare Corp., limiting the scope of the probe to
transactions between the company and related party
creditors, including entities controlled by Unison's former
chairman.  Creditors BritWill Investments Co. Ltd. and UNHC
Real Estate Holdings Inc. had sought an examiner with broad
powers to look into areas such as whether Unison and its
many subsidiaries are commingling cash and assets, whether
any professionals have prohibitive conflicts, and whether
the companies agreed to pursue avoidance claims against
BritWill, UNHC, and Elk Meadows Investments LLC in bad-
faith. Unison urged the court to reject the request or
limit any examination to related party creditor claims, at
the same time questioning the motive of the examiner
request. Unison pointed to the fact that BritWill
and UNHC are controlled by Bruce Whitehead, who resigned as
chairman of Unison the day after the May 28 chapter 11
filing, as well as Unison's July 31 avoidance complaint
against Whitehead, BritWill, UNHC, Elk Meadows, and others.
Elk Meadows is controlled by David Kremser, who also
resigned from Unison's board on May 29. Unison labeled as
"very curious" the issues about which the Whitehead
entities expressed concern.  "In fact, the Insider
Creditors have substantial if not full knowledge of these
issues since they for all practical purposes made all
policy decisions as well as the day to day business
decisions with respect to the operation of the Debtors in
their capacity of Chairman of the Board (Mr. Whitehead) and
Chairman of the Executive Committee (Mr. Kremser)." ( The
Daily Bankruptcy Review and ABI; September 15, 1998)

The Meetings, Conferences and Seminars column appears in
the TCR each Tuesday.  Submissions via e-mail to are encouraged.  

Bond pricing, appearing each Friday, is supplied by DLS
Capital Partners, Dallas, Texas.

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

Troubled Company Reporter is a daily newsletter, co-
published by Bankruptcy Creditors' Service, Inc.,
Princeton, NJ, and Beard Group, Inc., Washington, DC.  
Debra Brennan and Lexy Mueller, Editors.   

Copyright 1998.  All rights reserved.  ISSN 1520-9474.  
This material is copyrighted and any commercial use, resale
or publication in any form (including e-mail forwarding,
electronic re-mailing and photocopying) is strictly
prohibited without prior written permission of the

Information contained herein is obtained from sources
believed to be reliable, but is not guaranteed.  The TCR
subscription rate is $575 for six months delivered via e-
mail.  Additional e-mail subscriptions for members of the
same firm for the term of the initial subscription or
balance thereof are $25 each.  For subscription
information, contact Christopher Beard at 301/951-6400.  

           * * *  End of Transmission  * * *