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/raid1/www/Hosts/bankrupt/TCR_Public/981110.MBXT R O U B L E D C O M P A N Y R E P O R T E R Tuesday, November 10, 1998, Vol. 2, No. 220 Headlines AHERF: Gets Okay For $22.6 Million Sale Of NJ Operations ADVANTICA RESTAURANT: Results of Operations AMERICAN RICE: Trustee Seeks Review of Professionals' Fees ARROW AUTOMOTIVE: Seeks OK To Borrow on Priority and Secured Status and Use of Non-cash Collateral CABLE & CO. WORLDWIDE: Seeks Authority To Abandon Stock CITYSCAPE FINANCIAL: Objections To Plan COVENTRY HEALTH: Beneficial Ownership of Stock Reported CRIIMI MAE: Criimi Mae Bankruptcy Affects CMBS Ratings DOW CORNING: Reorganization Plan To Be Filed Monday ELEK-TEK: Court Approves Amended Disclosure Statement GEOTEK COMMUNICATIONS: Seeks Exclusivity Until Confirmation GULF RESOURCES: Bar Date Fixed HAGERSTOWN FIBER: Seeks Extension of Exclusivity Periods HARRAH'S JAZZ: Effective Date October 30, 1998 INTERNATIONAL PRECIOUS METALS: Needs Time To Assume or Reject Leases KIA MOTORS: Hyundai prepares to take control of Kia MRS TECHNOLOGY: Concludes Supply Agreement MUSTANG OIL: Trustee Seeks Authority To Enter Compromise NAL FINANCIAL GROUP: Effective Date October 30, 1998 NEWMONT GOLD: Merger Effective NEXAR TECHNOLOGIES: Closes California Mfg. Facility NU-KOTE: Files For Chapter 11 Protection ONEITA INDUSTRIES: Lenders Try To Block Employment Pact --- OPERATION RESCUE: Founder Seeking Bankruptcy Protection SOUTHERN PACIFIC FUNDING: Assets To Be Liquidated WESTMORELAND COAL: Court Authorizes Expenditure Meetings, Conferences and Seminars ********* AHERF: Gets Okay For $22.6 Million Sale Of NJ Operations -------------------------------------------------------- The court has approved Allegheny Health Education & Research Foundation's (AHERF) sale of its New Jersey operations to Our Lady of Lourdes Healthcare Services Inc. for about $22.6 million in cash and assumed liabilities. The sale includes the assets of Allegheny Hospitals New Jersey (AHNJ), Concorde Clinical Research Inc., Zurbrugg Holding Co., Zurbrugg Health Foundation, as well as certain assets of Diversified Health Groups Inc., a related entity. The Zurbrugg Memorial Hospital is being sold for $200,000 in an unrelated transaction. Pursuant to the agreement, Lourdes will assume all liabilities on AHNJ's May 31 balance sheet, as well as the critical care and operating room projects of AHNJ. AHERF filed a sale motion on Oct. 6 and signed a final asset purchase agreement Oct. 21. The order was signed Nov. 2.(The Daily Bankruptcy Review Copyright c November 9, 1998) ADVANTICA RESTAURANT: Results of Operations ------------------------------------------- The consolidated revenue for the third quarter of Advantica Restaurant Group, Inc. was nearly flat (down 0.3%) in relation to the 1997 comparable quarter. Revenue grew at the Denny's brand, reflecting positive same-store sales growth in the quarter combined with increased franchise revenue. El Pollo Loco ("EPL") also reported growth due to the addition of Company-owned units and franchise revenue growth. The revenue growth at Denny's and EPL was offset by lower revenue at Coco's and Carrows, where fewer Company- owned units and lower same-store sales resulted in 6.3% and 10.5% declines in company sales, respectively. Overall, Advantica ended the quarter with 40 fewer Company-owned units than at the end of the third quarter of 1997, while franchised and licensed restaurants increased by 98 units. The comparability of 1998 and 1997 consolidated operating expenses is significantly affected by the impact of the adoption of fresh start reporting as of January 7, 1998. Net loss was $36.5 million in the third quarter of 1998 as compared to a net loss of $17.8 million for the prior year quarter primarily as a result of the factors noted above. AMERICAN RICE: Trustee Seeks Review of Professionals' Fees ---------------------------------------------------------- The United States Trustee, Richard W. Simmons, seeks to employ Legalgard, Inc., a legal cost management consulting firm. Legalgard would be employed to review and analyze the fee applications of all of the professionals employed in the case and any party in interest who submits an application for compensation. Legalgard will review all of the fee applications submitted in the case for a charge of 2% of the gross fees invoiced. Legalgard performed a similar project in the "Today's Man" bankruptcy case, and is currently the fee examiner in the Marvel Entertainment Group case. Legalgard also reviewed $250 million in fees for the debtor in the Dow Corning bankruptcy. ARROW AUTOMOTIVE: Seeks OK To Borrow on Priority and Secured Status and Use of Non-cash Collateral ---------------------------------------------------- Arrow Automotive Industries, Inc., debtor, is seeking court authority and approval to borrow on priority and secured status and the use of non-cash collateral on the terms and conditions set forth in the proposed Term sheet. The court's approval shall enable the debtor to borrow up to $20 million from BankBoston, NA and Norwest Business Credit, Inc. with priority over administrative expenses and secured by liens on substantially all of the property of the debtor's estate. CABLE & CO. WORLDWIDE: Seeks Authority To Abandon Stock ------------------------------------------------------- Cable & Co. Worldwide, Inc., debtor, seeks an order authorizing the debtor to abandon its stock in Cable Company 1955 SpA. A hearing will be held on the motion on November 17, 1998 at 10:00 am before the Honorable Judge Burton R. Lifland. The debtor owns 99% of the issued and outstanding stock of Cable & Company 1955 SpA, an Italian entity which leases a manufacturing facility in Montegrenaro, Italy. As a result of the debtor's inability to pay substantial sums that it owed to cable & Company 1955 SpA, Cable & Company 1955 SpA was, in turn, unable to pay its creditors. The debtor believes that the Italian company has liabilities which far exceed the value of its assets, and has been unable to continue its business. CITYSCAPE FINANCIAL: Objections To Plan --------------------------------------- Elliott Associates, LP and Westgate International LP, holders of certain indebtedness and equity interests of Cityscape Financial Corp. and Cityscape Corp. state that the debtors have chosen to promote and seek confirmation of a plan of reorganization which blatantly violates Chapter 11 and applicable law. Elliott and Westgate state that the plan proposes that the debtors' value be distributed to holders of the Senior Notes and the Subordinated Debentures, while the interests of hundreds of public common and preferred shareholders of the debtors are extinguished. The plan provides for releases that attempt to cause the release by and of a myriad of parties, including the debtors' then-current and former officers, directors, employees, shareholders, consultants and professionals. The creditors state that the plan projects unrealistic improvements in operations and cash flow. They also state that the plan unfairly discriminates against the holders of the Securities Claims compared to the holders of Tort Claims. COVENTRY HEALTH: Beneficial Ownership of Stock Reported ------------------------------------------------------- As of October 21, 1998 Crabbe Huson Group, Inc. reports beneficial ownership of 3,626,500 shares of common stock, or 6.19% of the class of Coventry Health Care, Inc. Due to a reorganization effective October 1, 1998, Crabbe Huson Group, Inc. became the beneficial owner of Coventry Health Care, Inc. October 21, 1998 is 3,626,500 representing 6.19% of the outstanding common shares. Crabbe Huson Group, Inc. does not directly own any shares of the Issuer. It shares voting and dispositive power with respect to the 3,626,500 owned by approximately 70 of its clients. CRIIMI MAE: Criimi Mae Bankruptcy Affects CMBS Ratings ------------------------------------------------------ Chicago-Duff & Phelps Credit Rating Co. has shifted 13 commercial mortgage- backed securities transactions from Rating Watch-Uncertain to Rating Watch-Down in connection with the recent Chapter 11 bankruptcy filing of Criimi Mae Inc. The rating agency attributed the change to its "further evaluation of the impact" of Criimi Mae's bankruptcy filing on its subsidiary Criimi Mae Services LP, which acts as special servicer for the 13 deals and as master servicer for one. Duff & Phelps said it had met recently with representatives of Criimi Mae Services and found that company to be "operating adequately," but added that the bankruptcy may have an adverse effect on it. "Having a parent in the midst of bankruptcy proceedings is likely to cause a diversion of senior management's attention," the rating agency said. "Criimi Mae, Inc. has already had to initiate legal proceedings to block the initiatives of some of its lenders. Furthermore, a bankruptcy may lead to cost- cutting initiatives that could result in lower-quality service." The affected transactions are: Asset Securitization Corp., Series 1995-MD IV, 1996-D2, and 1996-D3; First Union-Lehman Brothers Commercial Mortgage Trust II, Series 1997-C2; LB Commercial Conduit Mortgage Trust II, Series 1996-C2; Merrill Lynch Mortgage Investors Inc., Series 1995-C3 and 1996-C2; Morgan Stanley Capital I Inc., Series 1998-WF1 and 1998-WF2; Mortgage Capital Funding Inc., Series 1994-MC1 and 1997-MC1; Nomura Asset Securities Corp., Series 1998- D6; and Wisconsin Avenue Securities, Series 1996-M1. A new special servicer will be appointed for the Nomura deal as a result of a trustee's determination that a special servicer event of default had occurred, Duff & Phelps said. Mr. Olson has joined Fortress Investment Group as chief financial officer. He will oversee the financing of investment activities as well as manage treasury, accounting and tax functions. Most recently, Mr. Olson, who has 16 years experience in the securitization market, was co-head of the asset finance group at Greenwich Capital Markets. (National Mortgage News-11/02/98) DOW CORNING: Reorganization Plan To Be Filed Monday --------------------------------------------------- Dow Corning Corp. is expected to file its long- awaited bankruptcy reorganization plan Monday, 3-1/2 years after the company filed for creditor protection because of thousands of breast implant lawsuits, sources familiar with the plan said Sunday. The Midland, Mich., maker of silicon-based products announced in July it would pay $3.2 billion to settle claims from women who allege their silicone gel breast implants have caused them health problems. Attorneys for Dow Corning, its creditors and women suing the company have been negotiating since then to finalize details of the reorganization plan. Dow Corning spokesman Michael Jackson confirmed Sunday the plan could be filed with U.S. Bankruptcy Court in Bay City as early as November 9, 1998. He said U.S. Bankruptcy Court Judge Arthur Spector has previously said it could be filed Monday or Tuesday. Dow Corning has proposed compensation from $1,000 to $200,000, although most payments are expected to range from $12,000 to $60,000, depending on the nature of the illnesses. The average payment would be about $31,000, people familiar with the details have previously said. Dow Corning will pay $5,000 to women who want to remove their implants and $25,000 in cases where the implants have ruptured, people familiar with the plan said. The $3.2 billion pact, reached with the help of a mediator, exceeded the $3 billion Dow Corning had previously offered, but was below the $3.8 billion sought by a committee representing women suing implant makers. It came after months of contentious negotiations and plaintiff rejections of earlier offers. Spector has set a January 20, 1999, hearing date for the disclosure statement, the key part of the reorganization plan, Jackson said. If the statement meets court requirements, Dow Corning creditors, including the women plaintiffs, must vote on the plan, a process that could take several months. Following creditor approval, Spector would then set a confirmation hearing date. If the plan meets all requirements, then the judge would declare it effective, Jackson said. (Reuters:Financial-1108.00346} 11/08/98 ELEK-TEK: Court Approves Amended Disclosure Statement ----------------------------------------------------- The court approved Elek-Tek Inc.'s amended disclosure statement on Oct. 29 and scheduled a Dec. 14 confirmation hearing for the company's second amended liquidating reorganization plan. The court also ordered the former computer retailer to send the plan voting packages to interested parties by Nov. 4 and set a Dec. 4 ballot return deadline. The amended disclosure statement cites the creation of a separate creditor class for subordinated noteholders. Although the noteholders have asserted that they should be treated pari passu with unsecured creditors, Elek-Tek and the official creditors' committee contend that the claims should be classified separately because a reasonable basis exists to equitably subordinate or recharacterize the note claims as interests. (Federal Filings Inc. 09-Nov-98) GEOTEK COMMUNICATIONS: Seeks Exclusivity Until Confirmation ----------------------------------------------------------- Geotek, seeking about 90 more days of exclusivity, said it expects to seek confirmation of a Chapter 11 plan in January but the wind-down process would continue for several months after the court confirms a plan. The Montvale, N.J.-based company shut down its digital wireless networks last month and put its spectrum, about 190 FCC licenses, on the block. Geotek is seeking to sell them in bulk or on a license-by-license basis. Geotek argued that the exclusivity extension is warranted to complete the sale process and pursue a plan. (Federal Filings Inc. 09-Nov-98) GULF RESOURCES: Bar Date Fixed ------------------------------ In the case of Gulf Resources Corporation, debtor, January 28, 1999 is fixed as the last date for filing of proofs of claim by any creditor of the debtors who desires to have his claim allowed so that he may share in any distribution to be paid from the estate. HAGERSTOWN FIBER: Seeks Extension of Exclusivity Periods -------------------------------------------------------- Hagerstown Fiber Limited Partnership is seeking entry of an order extending the periods during which the debtor shall have the exclusive right to file a plan of liquidation from November 17, 1998 to the date which is thirty days after the date court enters an order dismissing the case (on the motion of Pencor First Fiber, Inc.) or the application of the debtor to remain in Chapter 11 to liquidate, and solicit acceptances of the plan from January 18, 1999 to the date which is 90 days after entry of the Court Order. A hearing will be held on November 17, 1998. The debtor states that it has had neither a meaningful nor adequate opportunity to negotiate and promulgate a plan of liquidation. Additionally, until a determination is made as to the status of the case, it is difficult to justify the significant additional expenses that might otherwise be incurred by the debtor in promulgating a Chapter 11 plan. The debtor argues that its exclusive periods should be enlarged because this case is large and complex. On the liability side, there are more than $170 million in secured bondholder claims, tax claims, trade claims, and significant contingent claims arising from the potential rejection of executory contracts. On the asset side, there is real property, equipment, machinery, inventory, long-term supply contracts and other agreements plus the over $130 million of claims and causes of action asserted in the Adversary Proceeding. The tremendous amount of litigation initiated by Pencor First Fiber has made it virtually impossible for the debtor to devote attention and resources to developing a plan of liquidation. HARRAH'S JAZZ: Effective Date October 30, 1998 ---------------------------------------------- Harrah's Jazz Company, Harrah's Jazz Finance Corp., Harrah's New Orleans Investment Company and Harrah's Entertainment, Inc. give notice of the occurrence on October 30, 1998 of the Effective Date of the Third Amended Joint Plan of Reorganization. INTERNATIONAL PRECIOUS: Needs Time To Assume or Reject Leases --------------------------------------------------------- The debtor, International Precious Metals Corp., seeks to assume or reject unexpired leases of non-residential property beyond the 60-day time period provided in the Bankruptcy Code, up to and including December 21, 1998. The debtor also seeks an extension of the exclusivity period within which the debtor must file a plan of reorganization for an additional 90 days to and including January 19, 1999 as well as an extension of the 180 day period to seek acceptance of the plan by each impaired class of claims and interests. A hearing on both motions will take place on November 23, 1998 at 2:30 pm. KIA MOTORS: Hyundai prepares to take control of Kia --------------------------------------------------- Creditors of Kia Motors Corp, the insolvent South Korean car maker, have accepted Hyundai's proposal to write off debt, paving the way for its acquisition. Hyundai, the nation's largest vehicle manufacturer, asked Kia creditors to swap Won2.5 trillion (pounds 1.15 billion) of debt for Won840 billion of equity and to write off Won4.7 trillion of debt. The request covers about 80 per cent of Won9 trillion of loans that the creditors offered to Kia and its Asia Motors affiliate before the two collapsed last year. Hyundai won the right to acquire Kia and Asia Motors in an auction last month. It agreed to pay Won1.2 trillion by March to buy 51 per cent of the two groups. (Guardian- 11/06/98) MRS TECHNOLOGY: Concludes Supply Agreement ------------------------------------------ MRS Technology, Inc., (NASDAQ:MRSIQ) reported that it has concluded an agreement to supply a U.S. manufacturer of high density interconnect (HDI) products with a specially configured Model 5200 PanelPrinter. The system being supplied includes certain modifications to enable HDI manufacturers to utilize the PanelPrinter's unique large-area photolithographic capabilities to achieve better yields on existing products and produce new products with increasingly finer linewidths. The transaction is a modification of, and replaces, the order for a single Model 5200 PanelPrinter reported by the Company on April 21, 1998. It includes immediate shipment of one system and an option to purchase two additional systems in early 1999. If the option to purchase the additional systems is exercised, the combined transaction would be valued at over $4,500,000. The transaction is subject to approval of the federal bankruptcy court in Worcester, Massachusetts. Carl Herrmann, President and CEO of MRS Technology, said, "The cash flow from this transaction will supplement the cash flow from the on-going support business for the machines in our installed base. It also will be a key part of our plan for coming out of Chapter 11. Getting off to a successful start on moving machines into HDI manufacturing should provide the momentum we need to move on to the second phase of our HDI strategy, refining the requirements for an R&D project underway to develop a new product optimized for the HDI market, using much of our existing technology. Based on preliminary work we have done with this customer, we have good reason to believe that we will be successful. Additionally, one of the machines in our installed base has already been successfully converted for use in an application that is substantially similar to the HDI application." MRS Technology, Inc. is a supplier of advanced systems needed for production of electronic products manufactured with large area microlithographic processes. Based in Chelmsford, Massachusetts, MRS Technology markets and sells its products worldwide. The Company's Common Stock is traded on the Nasdaq National Market; its trading symbol is MRSIQ. MUSTANG OIL: Trustee Seeks Authority To Enter Compromise -------------------------------------------------------- In the case of Mustang Oil & Gas Corporation, debtor, Charles Bearden, the Chapter 11 Trustee seeks authority to enter into a Compromise Settlement Aggrement with Pioneer Natural Resources USA, Inc. and Morgan Guaranty Trust Company of New York as Trustee. The principal monetary points of the agreement include: Pioneer will pay to the Trustee all net proceeds of production held by it in suspense for production prior to April 7, 1998, in the Felix Ramos Well #2 and the M.R. Ramirez Well #4, said sum to be approximately $60,000. Pioneer will pay $100,000 to the Trustee for damages. The Trustee will allow Pioneer to set off the obligation of Pioneer to Mustang from a purchase of seismic data in the amount of $450,000. Morgan will pay Pioneer the sum of $450,000. Pioneer will release its lien claims against the interest owner or previously owned by Morgan in the Josefa Ramirez wells effective January 1, 1998. The proof of claim filed by Morgan in the bankruptcy will be reduced from $2,775,083. to $1.25 million and the claim shall be allowed as an unsecured claim. NAL FINANCIAL GROUP: Effective Date October 30, 1998 ---------------------------------------------------- In the case of NAL Financial Group, Inc., et al, reorganized debtors and Autorics, Inc., in accordance with the amended plan of reorganization and the order confirming the same, the "Effective Date" shall mean October 30, 1998. NEWMONT GOLD: Merger Effective ------------------------------ Effective October 7, 1998, the merger of Newmont Gold Company ("Newmont Gold") with and into a wholly owned subsidiary was completed, and each share of Newmont Gold common stock (other than shares with respect to which appraisal rights are perfected under Delaware law and shares already owned by the Issuer and its subsidiaries) were converted into the right to receive 1.025 shares of the Issuer's common stock. NEXAR TECHNOLOGIES: Closes California Mfg. Facility --------------------------------------------------- Nexar Technologies Inc., (Nasdaq/NMS:NEXR) announced that it has closed its California manufacturing facility pursuant to an early termination of its lease with the landlord as part of its ongoing attempt to restructure its operations. The company continues to be adversely affected by cash flow constraints and its inability to raise the necessary capital to adequately fund operations. Despite Nexar's ongoing restructuring efforts, the company warned that its inability to date to obtain sufficient new financing and concern among its creditors may soon force the company to seek protection under insolvency laws. Certain of Nexar's trade creditors have recently filed lawsuits seeking payment of monies owed for goods and services supplied to Nexar. In addition, holders of 26,461 shares of Nexar's Series B Convertible Preferred stock have exercised their right of redemption of such shares at an aggregate redemption price of approximately $3.3 million. The company is unable to pay such redemption price, which is currently due and accrues interest at 11% per annum until paid. As part of its attempted restructuring, Nexar recently signed an agreement with a contract manufacturer to produce Nexar XPA (Cross Processor Architecture) PCs. The company obtained short-term financing that has enabled it to fund only a limited amount of production and it continues to seek long-term financing in order to have its products assembled by the third party contract manufacturer. Nexar has reduced its workforce to 26 employees, a reduction of 56 since June 30, 1998. In addition to reduced revenues and increased operating losses to be reported in its results for the third quarter to be released soon, the company expects to take charges of up to approximately $4 million in the fourth quarter related to product transition, facility closure and staff reductions. NU-KOTE: Files For Chapter 11 Protection ---------------------------------------- Nu-kote Holding Inc., Franklin, Tenn., announced that it and some of its subsidiaries have filed for chapter 11 protection in the Middle District of Tennessee, according to Reuters. Nu-kote, which cited its inability to operate at the company's full potential because of its current debt, does not plan to close any plants or other facilities. Nu-kote has about $140 million of indebtedness. (ABI 09-Nov-98) ONEITA INDUSTRIES: Lenders Try To Block Employment Pact --- ---------------------------------------------------- Oneita's bid for court approval of a nearly $1 million employment contract with President and Chief Executive Officer Michael Billingsley is facing opposition from the company's prepetition lenders. The two-year agreement would provide Billingsley with salaries of $300,000 and $325,000 in years one and two, respectively, and would include a $325,000 non-renewal penalty in the event the agreement isn't extended into the third year, to Sept. 30, 2001. If Billingsley were terminated without cause, he would be entitled to the non-renewal penalty. But the clothing maker's prepetition lenders are opposed to the proposed arrangement. "The financial obligations contained in the Proposed Agreement, in general, and the Non-Renewal Penalty and Severance Award, in particular, may disincentivize any potential purchaser or equity participant who would otherwise choose to install its own management," asserts the objection. (Federal Filings Inc. 09-Nov-98) OPERATION RESCUE: Founder Seeking Bankruptcy Protection ------------------------------------------------------- The founder of the anti-abortion group Operation Rescue has filed for bankruptcy court protection, citing enormous debts owed to womens' groups and abortion clinics that have sued him. Operation Rescue, now based in the Dallas-Fort Worth area, is known for aggressive tactics, including barricading abortion clinics. Randall Terry, who is no longer the head of Operation Rescue, cited $1.7 million in debts in his Bankruptcy Court filing. He has been ordered to pay the National Organization for Women and Planned Parenthood a combined $1.6 million. Other lawsuits are still pending. "I cannot in good conscience permit the National Organization of Women, Planned Parenthood, and others who have profited from abortion to harass my wife and family, and possibly get money from me to continue their crusade against unborn life," he said Friday. SOUTHERN PACIFIC FUNDING: Assets To Be Liquidated ------------------------------------------------- Liquidation firm Maynard Industries Inc. will begin liquidating assets of Southern Pacific Funding Corp. on Wednesday, including 47,000 square feet of office furnishings and equipment, according to The Oregonian. Inventory includes phone systems, workstations, data centers, file cabinets, computers and other office machines. The auction will not be public, but prospective buyers will be asked to call for a private appointment. Southern Pacific, based in Lake Oswego, Ore., filed for bankruptcy on Oct. 1. It originated and bought mortgages sold to home buyers with poor credit histories. WESTMORELAND COAL: Court Authorizes Expenditure ------------------------------------------------ In the case of Westmoreland Coal Company, and Westmoreland Resources, Inc., the court entered an order on November 3, 1998 authorizing the expenditure of up to $4.8 million to replace the equipment known as the "dragline tub." Meetings, Conferences and Seminars ---------------------------------- November 17-18, 1998 AIC WORLDWIDE Retail Credit Card Management & Collections Chicago Hilton & Towers, Chicago, Illinois Contact: 1-212-714-1444 November 19-20, 1998 University of Texas School of Law 17th Annual Bankruptcy Conference Four Seasons Hotel, Austin, Texas Contact: 1-512-475-6700 November 20-23, 1998 COMMERCIAL LAW LEAGUE OF AMERICA 78th Eastern District Meeting New York Marriott World Trade Center, New York City Contact: Warren Pinchuck, New Hyde Park, New York November 30-December 1, 1998 RENAISSANCE AMERICAN CONFERENCES & BEARD GROUP, INC. Distressed Investing '98 The Plaza Hotel, New York, New York Contact: 1-903-592-5169 or ram@ballistic.com December 3-5, 1998 AMERICAN BANKRUPTCY INSTITUTE Winter Leadership Conference Westin La Paloma, Tuscon, Arizona Contact: 1-703-739-0800 December 10-12, 1998 THE AMERICAN LAW INSTITUTE-AMERICAN BAR ASSOCIATION The Emerged & Emerging New Uniform Commercial Code Sheraton New York Hotel, New York City Contact: 1-800-CLE-NEWS January 9-14, 1998 Law Education Institute Bankruptcy Law Course -- 1999 National CLE Conference Marriott's Vail Mountain Resort, Vail, Colorado Contact: 1-414-228-5810 January 28-February 1, 1999 COMMERCIAL LAW LEAGUE OF AMERICA 38th Annual Southern District Meeting Royal Sonesta Hotel, New Orleans, Louisiana Contact: 1-423-971-1551 February 18-21, 1999 COMMERICAL LAW LEAGUE OF AMERICA Annual Western District Meeting Monte Carlo Hotel & Casino Resort, Las Vegas, Nevada Contact: 1-702-382-9558 Febraury 28-March 3, 1998 NORTON INSTITUTES ON BANKRUPTCY LAW Norton Bankruptcy Institute I Olympic Park Hotel, Park City, Utah Contact: 1-770-535-7722 March 18-21, 1998 NORTON INSTUTUTES ON BANKRUPTCY LAW Norton Bankruptcy Litigation Institute II Flamingo Hilton Hotel, Las Vegas, Nevada Contact: 1-771-535-7722 April 26-27, 1999 RENAISSANCE AMERICAN CONFERENCES & BEARD GROUP, INC. Bankruptcy Sales, Mergers & Acquisitions The Mark Hopkins, San Francisco, California Contact: 1-903-592-5169 or ram@ballistic.com April 28-30, 1999 INTERNATIONAL FEDERATION OF INSOLVENCY PROFESSIONALS INSOL Bermuda '99 Conference of the Americas Castle Harbour Marriott Resort Contact: INSOL@weil.com *********** The Meetings, Conferences and Seminars column appears in the TCR each Tuesday. Submissions via e-mail to conferences@bankrupt.com 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 publishers. Information contained herein is obtained from sources believed to be reliable, but is not guaranteed. The TCR subscription rate is $575 for six months delivered via e- mail. Additional e-mail subscriptions for members of the same firm for the term of the initial subscription or balance thereof are $25 each. For subscription information, contact Christopher Beard at 301/951-6400. * * * End of Transmission * * *