TCR_Public/990105.MBX T R O U B L E D   C O M P A N Y   R E P O R T E R
     
    Tuesday, January 5, 1999, Vol. 2, No. 2

                 Headlines

ABL: Metro Lines Up With Creditors
ACME METALS: Alpha Tube Objects To Additional Committee
ACME METALS: Alpha Tube Opposes Appointment of Examiner
ACME METALS: DIP Financing Approved
AHERF: Creditors Put on Notice By Insurer

AMERICAN RICE: Taps Gordon, Arata, McCollam Law Firm
AMERITRUCK DISTRIBUTION: Seeks To Sell Trucks, File Plan
BORDEN CHEMICALS: Covenant Waivers For Credit Facility
BRAZOS SPORTSWEAR: Will Not Make Interest Payment
CITYSCAPE FINANCIAL: Monthly Operating Report

CONSUMER PORTFOLIO: Files Monthly Servicing Report
EXPO HERITAGE INN HOTEL: For Sale
FORMAN PETROLEUM: Non-Payment of Interest Installment
FPA MEDICAL: Monthly Operating Report
FWT INC: Files Quarterly Report With SEC

HAYES CORP: DIP Financing Extended To Feb. 28
INTERNATIONAL WIRELESS: Approval of Disclosure Statement
MOBILEMEDIA CORP: Files Monthly Report
SALANT CORP: Case Summary & 20 Largest Unsecured Creditors
SALANT CORP: Expects To Fund Plan w/$85M Exit Facility

TAL WIRELESS: Monthly Operating Report
UNISON HEALTHCARE: Files Quarterly Report With SEC
WEINER'S STORES: President's Employment Extended
WESTBRIDGE CAPITAL: Files Current Report With SEC

Meetings, Conferences and Seminars

              *********

ABL: Metro Lines Up With Creditors
----------------------------------
The Tennessean reports on December 30, 1998 that Metro is
lining up in U.S. Bankruptcy Court, along with other
American  Basketball League creditors, in hopes of
recovering $47,000 the ABL was  supposed to pay in rent on
Nashville Municipal Auditorium.

The women's professional basketball league had a lease with
Metro for its Nashville Noise to play 22 home games in the
auditorium. But the team played only seven games there
before the ABL folded eight days ago, less than halfway  
into its season.

Under its deal with the city, the ABL was supposed to pay
$60,500 for use of the auditorium through March. Only about
$13,000 had been paid by the time the league shut down Dec.
22.

Metro law director Jim Murphy said yesterday his office
intends to file paperwork in bankruptcy court to try to
collect what the ABL owes the city. But he doubts Metro
will commit much time and energy chasing the relatively
small amount.  The ABL was based in Palo Alto, Calif., so
participating in bankruptcy proceedings would be a long-
distance proposition. It would likely require
hiring a lawyer there to work on Metro's behalf.

When the ABL suspended operations last week, officials said
the league would file for Chapter 11 bankruptcy to protect
itself from the threat of creditors' lawsuits while it
reorganizes its finances.  Murphy said he was unsure if the
league had completed its filing. No ABL spokesman could be
reached.

Rent for the ABL was supposed to be the single-largest
revenue source for Municipal Auditorium. The aging facility
is expected to lose about $479,000 this fiscal year, which
ends June 30. The two-year-old ABL owned nine women's
basketball teams throughout the nation, including the
Noise, which was in its inaugural season.


ACME METALS: Alpha Tube Objects To Additional Committee
-------------------------------------------------------
Alpha Tube Corporation, debtor, objects to the motion filed
by the eight Alpha Tube trade creditors represent by Wolf,
Block, Schorr & Solis-Cohen LLP seeking the appointment of
an additional separate official creditors' committee for
Alpha Tube.

Alpha Tube states that the formation of a separate
committee is unwarranted, that ample mechanisms to
safeguard the interests of Alpha tube's unsecured creditors
already exist.  The modifications to the debtors' DIP
financing and cash management system are intended to ensure
that the interests of Alpha Tube's creditors and
administrative expense claimants are fully protected by
Alpha Tube's current assets.

Further, Alpha Tube contends that the concerns relating to
certain prepetition intercompany transactions are without
merit.


ACME METALS: Alpha Tube Opposes Appointment of Examiner
-------------------------------------------------------
Alpha Tube Corporation, debtor, opposes the motion filed by
the Eight Alpha Tube trade creditors seeking appointment of
an examiner for Alpha Tube.  Alpha Tube states that the
Examiner motion is "devoid of any legal or factual merit."

Since Alpha tube is solvent, the debtors claim that there
can be no fraudulent conveyances and preferences and as a
profitable company, investigating and attacking prepetition
transactions would be inappropriate and meaningless and
costly, and would only distract form the goal of
reorganizing.

Certainly at this stage, Alpha Tube contends that the
appointment of an examiner is inappropriate.


ACME METALS: DIP Financing Approved
-----------------------------------
On December 18, 1998, the Company, with bankruptcy court
approval, signed an agreement with BankAmerica Business
Credit, Inc., providing for a twenty-four month, $100
million, secured working capital facility, for post-
petition debtor-in-possession financing.

Acme Metals Incorporated, through its operating
subsidiaries, is a fully integrated producer of steel,
steel strapping and strapping products, and welded
steel tubing.  Its common stock is listed on the Bulletin
Board of the National Association of Securities Dealers
under the symbol AMIIQ.


AHERF: Creditors Put on Notice By Insurer
-----------------------------------------
The Pittsburgh Post-Gazette reports on December 31, 1998
that Health America, the region's second largest managed
care insurer, and its Nashville, Tenn.-based parent,
Coventry Corp., yesterday began legal proceedings against
54 individuals either currently or formerly associated with
the bankrupt Allegheny Health, Education and Research
Foundation.

Among others named in the preliminary filing were former
AHERF president, Sherif Abdelhak; Anthony Sanzo, who
resigned as AHERF's president recently to become head of
its Western Pennsylvania operations; former AHERF Chairman
William P. Snyder; Frank Cahouet, chairman of AUH-West, the
Western Pennsylvania hospital subsidiary, and retiring
chairman of Mellon Bank Corp.; Nancy Wynstra, AHERF's
former general counsel; David McConnell, the foundation's
former chief financial officer; Jospeh Dionisio, chief
financial officer of AUH-West; and Thomas O' Brien, a
former AHERF trustee and chairman of PNC Bank Corp., which
is one of AHERF's largest creditors in bankruptcy.

The preliminary filing, which notifies the plaintiffs of
the managed care concern's intent to sue them, makes no
specific allegations.  Some of AHERF's current and former
top executives have been separately sued by Philadelphia
physicians whose practices AHERF purchased. They are
seeking class-action status for their suit.

Separately, the judge overseeing AHERF's $1.5 billion
reorganization in federal bankruptcy court issued an order
that gives the foundation's creditors the go-ahead to
notify seven liability insurers of their intent
to seek damages  under insurance policies that were
purchased to indemnify officers and trustees  of the
foundation and its hospitals. The companies provided an
estimated $200 million worth of coverage. The foundation in
the past year increased the coverage from $50 million as
its finances and the finances of its Philadelphia  
hospitals deteriorated.


AMERICAN RICE: Objects To Toyota's Relief From Stay
---------------------------------------------------
American Rice, Inc. objects to the motion of Toyota motor
Credit Corporation seeking relief from the automatic stay.

American Rice states it leases seven forklifts from Toyota,
that they are required in the operation of the debtor's
business and that ARI has offered to pay Toyota the monthly
lease payments as adequate protection.


AMERICAN RICE: Taps Gordon, Arata, McCollam Law Firm
----------------------------------------------------
American Rice, Inc., debtor, is seeking court approval of
the law firm of Gordon, Arata, McCollam, Duplantis & Egan
LLP.  The debtor desires to retain the firm because of its
particular expertise in the areas of corporate
transactions, securities, grower relations and other
matters special to Louisiana's agri-business.
The debtor states that the firm is well qualified to
represent the debtor's Louisiana interests in this case.  
The firma has represented the debtor in Louisiana for
almost two years preceding the filing of this action.
The current hourly rate of Martin E. Landrieu, the primary
attorney handling the debtor's matters is $170.


AMERITRUCK DISTRIBUTION: Seeks To Sell Trucks, File Plan
--------------------------------------------------------
AmeriTruck Distribution Corp. has filed a motion
seeking to sell 489 refrigerated trailers from its fleet
for a price "well above" what the company anticipated. The
specialized trucking concern, with the support of everyone
involved in the case, will file a motion with the court
requesting permission to hire auctioneer Taylor & Martin to
market the remaining assets of AmeriTruck's refrigerated
transport division, according to a company attorney. The
company expects to file a reorganization plan by the end of
January that will be eligible for confirmation in April.
The plan's basis is the restructuring of AmeriTruck's
operations around the company's four remaining profitable
non-refrigerated transport divisions. (Federal Filings Inc.
04-Jan-99)


BORDEN CHEMICALS: Covenant Waivers For Credit Facility
------------------------------------------------------
Borden Chemicals and Plastics Limited Partnership filed
with the SEC a press release relating to the company
obtaining covenant waivers for its credit facility.

The press release follows:

Columbus, Ohio (December 23, 1998) -- Borden Chemicals and
Plastics Operating Limited Partnership (NYSE:  BCU)
announced today that it has reached agreement with
participant banks on amendments to its revolving
credit facility that will provide the partnership with
continued access to credit and enhanced financial
flexibility.

The new two-year agreement waives the partnership's non-
compliance with credit facility covenants at the end of the
third quarter, and provides relaxed coverage ratio
covenants through Dec. 31, 2000.  Initial borrowings under
the facility will be $48.8 million, leaving $41.2 million
available to the partnership under the agreement, once
certain collateral arrangements are final.  A copy of the
full credit agreement is included in a Form 8K filing with
the Securities and Exchange Commission. It is available via
the Internet at:

http://www.sec.gov/Archives/edgar/data/0000893750-98-
000401.txt


BRAZOS SPORTSWEAR: Will Not Make Interest Payment
-------------------------------------------------
Brazos Sportswear, Inc. (OTC Bulletin Board: BRZS) said
today that it has not paid and does not expect to pay the  
scheduled January 1, 1999 interest payment on its $100
million 10-1/2% Senior Notes due 2007.

Brazos Sportswear continues to work with financial advisors
BT Alex. Brown Incorporated to explore available
alternatives with respect to a possible reorganization,
restructuring or recapitalization of the Company, said
Gilbert  C. Osnos, Brazos' interim president and chief
executive officer. Mr. Osnos, appointed in mid-December
1998, is a principal of OSNOS & Company, a New York- and
Charlotte, N.C.- based turnaround and corporate renewal
firm which Brazos has retained to assist in its
restructuring.

The Company stated that if the payment default with respect
to the Senior Notes is not cured within 30 days, then
subject to the terms of the governing indenture, the
trustee or note holders will have the right to declare the
$100 million principal amount of the Notes, together with
accrued and unpaid interest, immediately due and payable.
If the obligations under the Notes are accelerated, the
Company's business will be materially and adversely
impacted and as a result, it may be forced to seek
protection under federal bankruptcy laws.

In other action, Brazos announced today it has reached
agreement with its senior lenders on an amendment to its
credit facility to allow for certain over- advances in its
line of credit to fund short-term working capital needs. On  
November 30, 1998, the Company amended the existing
forbearance agreement with its senior lenders to provide
that the senior lenders will refrain from exercising their
rights and remedies through January 31, 1999 with respect
to certain defaults under the Company's credit facility.

Brazos Sportswear, Inc. designs, produces and markets
moderately priced sportswear.  Headquartered in Cincinnati,
Ohio, it operates manufacturing, distribution and sales
facilities in 12 states.


CITYSCAPE FINANCIAL: Monthly Operating Report
---------------------------------------------
Cityscape Financial Corp. and Cityscape Corp, debtors,
filed a monthly operating report for the period of November
1, 1998 to November 30, 1998 with the U.S. Bankruptcy Court
for the Southern District of New York.

For this period, Cityscape Financial Corp reported a loss
of $6,104,720 from operations.  Cash and cash equivalents
at the end of the period totaled $21,097,725.

On November 17, 1998 the debtors decided to suspend
indefinitely all of their loan origination and purchase
activities.  The debtors have notified the brokers that
they have ceased funding mortgage loans other than those
loans that are in their origination pipeline for which they
had issued commitments.  There can be no assurance as to
when, if ever, the debtors' loan origination and purchase
activities will resume, or that the debtors' reorganization
plan will be confirmed or consummated.


CONSUMER PORTFOLIO: Files Monthly Servicing Report
-------------------------------------------------
On December 15, 1998 CONSUMER PORTFOLIO SERVICES INC. filed
its monthly servicing report with the SEC for the month of
November, 1998.

A complete text copy of the filing is available via the
Internet at:
http://www.sec.gov/Archives/edgar/data/0001019687-98-
000372.txt


EXPO HERITAGE INN HOTEL: For Sale
---------------------------------
The Expo Heritage Inn hotel, which has been operating under
chapter 11 protection since mid-December, is seeking a
buyer for the property, according to The Sacramento
Business Journal. Hotelier Ramesh "Ron" Pitamber owns the
hotel, which was formerly known as the Beverly Garland
Hotel, and has more than $6.8 million in debts and a value
of $7.3 million. Pitamber is keeping the hotel open while
he looks for a buyer. Pitamber also owns the Roseville-
based Heritage Inns and Suites, which owns 18 hotels in
Northern California and operates about 21 hotels. (ABI 04-
Jan-99)


FORMAN PETROLEUM: Non-Payment of Interest Installment
-----------------------------------------------------
Forman Petroleum Corporation issued a press release on
December 31, 1998 in which the Company announced the
nonpayment of the December 1, 1998 installment of interest
due on the Company's 13.5% Senior Secured Notes Due
June 1, 2004 within the thirty-day grace period provided
for such payment.  The Company intends to use available
funds for exploration and development projects.  

The Company is continuing in its efforts to negotiate a
debt restructuring and/or recapitalization of the Company.
It is the Company's policy, absent unusual circumstances,
not to comment publicly on discussions concerning proposals
that may be considered or transactions that may be pending
with respect to the Recapitalization.  The Company also
intends, absent unusual circumstances, to refrain from
making any further announcements or reports with respect to
the Recapitalization unless and until a definitive
agreement has been executed by the Company with respect to
a transaction in connection with the Recapitalization.  
There can be no assurance that the Company will consummate
any transactions in connection with the Recapitalization.   


FPA MEDICAL: Monthly Operating Report
-------------------------------------
On December 14, 1998, FPA Medical Management, Inc. filed
its monthly operating report with the SEC for the period
from November 2, 1998 through November 27, 1998.
A complete text copy of the filing is available via the
Internet at

http://www.sec.gov/Archives/edgar/data/0000893220-98-
001897.txt


FWT INC: Files Quarterly Report With SEC
----------------------------------------
FWT Inc. filed a quarterly report with the SEC for the
period ending October 31, 1998.

There were 136.14 shares of the registrant's common stock,
par value $10.00 per share, outstanding as of December 14,
1998.

As of October 31, 1998 the Company was in technical default
under the terms of its revolving credit facility. As a
result of this technical default, the lenders under the
revolving credit facility can elect to declare all amounts
of principal and accrued interest outstanding under the
revolving credit facility immediately due and payable. Such
lenders have not accelerated these outstanding amounts. If
such lenders so accelerate, without
alternative financing or the implementation of another
strategy such as selling certain assets, restructuring or
refinancing its indebtedness, or seeking additional equity
capital, the Company will not have the funds to repay such
outstanding amounts.

The company reported a net loss of $2.781 million for the
six months ended October 31, 1998 compared to net income of
$5.320 million for the six months ended October 31, 1997.


HAYES CORP: DIP Financing Extended To Feb. 28
---------------------------------------------
The court has approved a fourth amendment to Hayes Corp.'s
(HAYZQ) interim financing agreement with NationsCredit
Commercial Corp. that extends the maturity date of the loan
to Feb. 28 but does not obligate the lender to advance
certain additional funds, according to the Dec. 16 order.
The court order noted that Hayes and NationsCredit are
still trying to negotiate a permanent debtor-in-possession
financing agreement and together proposed the fourth
amendment. The official committee of unsecured creditors
did not oppose the motion. As of Dec. 7, $8.3 million is
outstanding under the DIP loan agreement. (Federal Filings
Inc. 04-Jan-99)


INTERNATIONAL WIRELESS: Approval of Disclosure Statement
--------------------------------------------------------
As reported in The Wall Street Journal, January 4, 1999, by
order dated December 21, 1998 the U.S. Bankruptcy Court for
the District of Delaware approved the second amended
Disclosure Statement of International Wireless
Communications Holdings Inc. and its debtor affiliates.

January 19, 1999 at 4:00PM is the deadline by which ballots
accepting or rejecting the plan must be received.

Responses to objections to confirmation of the plan must be
in writing and filed with the Clerk of the Bankruptcy Court
on or before January 22, 1999 at 4:00 PM.

January 27, 1999 at 2:00 PM is set as the hearing date to
consider confirmation of the plan.

Brief Summary of Plan Treatment of Claims and Interests:

Administrative Expenses shall be paid in full.

The Vanguard Post-Petition Indebtedness - with consent of
the Creditors' Committee, the debtors will have the option
to satisfy and discharge all allowed indebtedness of
Vanguard  by paying Vanguard in cash or issuing shares of
New IWCH Common Stock according to a set formula.

Priority Tax Claims - equal cash payments every three
months over a period not exceeding six years.

Class 1.1 IWCH Senior Notes Claims and IWCH Pakistan Notes
Claims - The IWCH Senior Notes Claims shall be deemed
allowed in the aggregate amount of $132,000,605.  
Reorganized IWCH shall distribute to the Indenture Trustee
in respect of the Allowed IWCH Senior Notes Claims,
approximately 9.5 million shares of New IWCH Common Stock.  
The remaining approximate 489,000 shares of New IWCH Common
Stock shall be held by reorganized IWCH for distribution to
the Holders of Allowed IWCH Pakistan Notes Claims.  

Class 1.2 BTFIC Secured Claim - Each holder will receive a
New RMDA Secured Note in an amount equal to the amount of
the holder's allowed BTFIC Secured Claim.

Class 1.3 PWH Notes Secured Claim - A New PWH Secured Note
in an amount equal to secured claim.

Class 1.4 Misc. Secured Claim - As set Forth in Section
5.04 of plan

Class 2.1 IWCH Priority Claims Class 2.2 IWC Priority
Claims Class 2.3 IWCLA Priority Claims Class 2.4 RMDA
Priority claims and Class 2.5 PWH Priority Claims - Cash in
an amount sufficient to render the holder unimpaired.

Class 3.1 IWCH General Unsecured Claims - Each holder will
receive a New IWCH Unsecured Note in an amount equal to
claim. No cash payment option.

Class 3.2 IWC General Unsecured Claims -Each holder, other
than those who elect for cash payment option will receive a
New Note in the amount of the claim. If the class accepts
the plan, allowed claim holders will receive 10% of claim.

Class 3.3 IWCLA General Unsecured Claims - Each holder,
other than those who elect for cash payment option will
receive a New Note in the amount of the claim. If the class
accepts the plan, allowed claim holders will receive 30% of
claim.

Class 3.4 RMDA General Unsecured Claims - Each holder,
other than those who elect for cash payment option will
receive a New Note in the amount of the claim. If the class
accepts the plan, allowed claim holders will receive 30% of
claim.

Class 3.5 PWH General Unsecured Claims - Each holder, other
than those who elect for cash payment option will receive a
New Note in the amount of the claim. If the class accepts
the plan, allowed claim holders will receive 25% of claim.

Classes 5.1, 5.3, 5.4, 5.5 Old Series J,F,B,C,D,E,I,A
Preferred Stock Interests  5.1, 5.3, 5.4, 5.5 Interests
shall be canceled on the Effective Date.  Various
percentages of New IWCH Series A Warrants will be allocated
among Holders of all Class 5.1,5.3,5.4 and 5.5 interests.

Class 6.1 Old Preferred Stock Section 510(b)claims -
Holders shall not receive or retain any property under the
plan.

Class 7.1 Old Common Stock Interests - Canceled on the
Effective Date.  5% of New IWCH Series A Warrants that
Vanguard would otherwise be entitled to receive under the
plan will be allocated among Holders of all Class 7.1
Interests.

Class 8.1 Old Common Stock Sec.510(b)claims - Holders shall
not receive or retain any property under the plan.

Class 9.1 Subsidiary Common Stock Interests The Debtor
holding 9.1 interests shall retain such Interest and its
respective share or shares of common stock of the debtors
representing such interest.

Class 10.1 Other Interests- Canceled and extinguished on
the Effective Date.

Please note - this is an abbreviated summary of the
treatment of classes under the plan.  Copies of the Plan
and the Disclosure Statement may be obtained by written
request (together with nature of claim or interest) to IWCH
Plan Requests, c/o Bankruptcy Services LLC, 70 East 55th
Street, 6th Floor, New York, NY; telephone: (212) 376-8494


MOBILEMEDIA CORP: Files Monthly Report
--------------------------------------
MobileMedia Corp. filed with the SEC a monthly operating
report for the month ended November 30, 1998.

On September 3, 1998, the Company completed the sale of 166
transmission towers to Pinnacle Towers, Inc. ("Pinnacle")
for $170 million in cash. Under the terms of a lease with
Pinnacle, the Company will lease antenna sites located at
these towers for an initial period of 15 years at an
aggregate annual rental of $10.7 million.

The company reported a net loss of $4.115 million for the
month of November compared to a net loss of $5.722 for the
previous month.  The company reported $4.016 million in
cash and cash equivalents at the end of the period


SALANT CORP: Case Summary & 20 Largest Unsecured Creditors
----------------------------------------------------------
Debtor:  Salant Corporation
         1114 Avenue of the Americas
         New York, NY 10036

Court: Southern District of New York

Case No.: 98-10107    Filed: 12/29/98    Chapter: 11

Debtor's Counsel: Brad Eric Scheler
                  Fried, Frank, Harris, Shriver & Jacobson
                  One New York Plaza
                  New York, NY 10004
                   (212) 859-8583

20 Largest Unsecured Creditors:

   Name                              Nature         Amount
   ----                              ------         ------
Bankers Trust Company as
Indenture Trustee                   Debt       $104,879,000
Perry Ellis International, Inc.     Royalties    $1,073,591
Xiamen Master Leather Co.           Trade Debt     $385,733
Disney Enterprises                  Royalties      $343,975
Wahlam Garment Ltd.                 Trade Debt     $327,638
Harvey Richard Textiles Ltd.        Trade Debt     $290,114
Shinwon                             Trade Debt     $264,058
Ontario Store Fixtures, Inc.        Trade Debt     $229,228
Windsor Textile Corporation         Trade Debt     $170,879
Dycho Company, Inc.                 Trade Debt     $151,421
China United Garments               Trade Debt     $142,441
Concert Linen Cotton                Trade Debt     $137,803
Mirage Fashion Ltd.                 Trade Debt     $118,249
Quick Response Services Inc.        Trade Debt     $111,379
Oracle Corporation                  Trade Debt     $108,310
Cheerland International             Trade Debt     $101,493
Brightex Industries                 Trade Debt      $91,421
Thai Unique Textile Co.             Trade Debt      $86,794
Texfi Industries Inc.               Trade Debt      $86,303
Lever Shirt Ltd.                    Trade Debt      $66,781


SALANT CORP: Expects To Fund Plan w/$85M Exit Facility
------------------------------------------------------
Salant Corp. expects to obtain the cash necessary to make
payments under its pre-negotiated plan of reorganization
from an $85 million exit facility to be entered
into with its pre- and post-petition lender The CIT
Group/Commercial Services Inc. Under the terms of a Dec. 7
commitment letter, the CIT exit facility will consist of an
$85 million revolving credit facility, with a $30 million
letter of credit subfacility, according to the    
disclosure statement filed with the court on Dec. 29 in
conjunction with the plan. The exit facility will replace
the $85 million debtor-in-possession facility CIT is
providing the apparel manufacturer. The plan, which has the
support of Salant's major note and equity holders,
provides for the sale of the company's "Manhattan" and
"John Henry" dress shirt manufacturing businesses to
Supreme International Corp. for $17 million plus the net
book value of purchased inventory. After restructuring,
Salant plans to focus solely on its Perry Ellis
men's apparel business. (Federal Filings Inc. 04-Jan-99)


TAL WIRELESS: Monthly Operating Report
--------------------------------------
TAL Wireless Networks Inc. reports to the SEC, that for the
month of November, 1998, the company reports total assets
of $3,457,279 and total liabilities of $5,645,626.

The Company plans to liquidate assets and review the claims
of its various creditors. It is unclear at this time
whether there will be any funds available for distribution
to shareholders. Once this information has been determined,
the Company may file a Plan of Reorganization with the
Bankruptcy Court.


UNISON HEALTHCARE: Files Quarterly Report With SEC
--------------------------------------------------
In its quarterly report filed with the SEC for the quarter
ending March 31, 1998, Unison Healthcare Corporation
reports that in the first quarter of 1998, Unison recorded
a net loss of $4.8 million compared to a net loss of $4.1
million in the prior year quarter.  Total revenues
decreased $1.1 million, or 19.0%, to $54.7 million in the
1998 first quarter from $55.7 million in the comparable
1997 quarter.

At March 31, 1998, Unison had cash and equivalents  
amounting to $6.4 million compared to $5.3 million at
December 31, 1997.

Cash provided by operations amounted to $2.1 million for
the three months ended March 31, 1998, in spite of the
Company's operating losses.

Unison is in default on its $100.0 million 12 1/4% Senior  
Notes due 2006.  The Company did not make semiannual  
interest payments due May 1, 1998 and November 1, 1998 in
the amounts of $6.9 million and $7.1 million, respectively.

Unison is in default on its $20.0 million 13% Senior Notes
due 1999.  The Company did not make quarterly interest  
payments  due March 1, 1998,  June 1,1998, September  1,
1998 and December 1, 1998 in the  aggregate  amount of $2.8
million.

Unison is in default on loans obtained for working capital
purposes, in the aggregate principal  amount of $3.95  
million, from Elk Meadows  and  BritWill Investments.  Of
these loans,  $1.0 million was due on October 7, 1997 and
$2.95 million was due on November 1, 1997.  Interest  
payable on these loans through November 30, 1998 amounts to  
approximately  $714,000.


WEINER'S STORES: President's Employment Extended
------------------------------------------------
On December 30, 1998, Weiner's Stores, Inc., a Delaware
corporation issued a press release announcing that the
Company's Board of Directors had extended the employment
contract of Herbert R. Douglas, President and Chief
Executive Officer of the Company, for two additional years.
The agreement between the Company and Mr. Douglas that
effects such extension and contains other terms and
conditions of Mr. Douglas's employment (the "Employment
Agreement") is effective for the period commencing as of
February 1, 1999 and ending on January 31, 2001, unless
earlier terminated as provided in the Employment Agreement.
Mr. Douglas also continues to serve as the Chairman of the
Board of Directors of the Company.

The Company shall pay Douglas a base salary at an annual
rate of $450,000.  The Company shall, within ten (10) days
after February 1, 1999, pay a signing bonus to the Douglas
in the amount of $300,000.


WESTBRIDGE CAPITAL: Files Current Report With SEC
-------------------------------------------------
Westbridge Capital Corp. reports to the SEC that
on December 17, 1998, the United States  Bankruptcy  Court
for the District of Delaware entered a Confirmation Order
confirming the First Amended Plan of  Reorganization
of Westbridge Capital Corp. dated October 30, 1998, as
modified.

The  effective  date of the Plan is  expected to be on or
around January 20, 1999.

The Plan generally provides for the cancellation of all
outstanding shares of Westbridge's  equity securities,  11%
senior  subordinated notes due 2002 and 7-1/2%  convertible  
subordinated notes due 2004, as well as (i) the sale of new
convertible  preferred stock to Credit Suisse First Boston
Corporation  ("CSFB")and, at their option,  holders of
Westbridge's  7-1/2% convertible  subordinated
notes, due 2004 ("7-1/2%  Convertible Note Claims") as of
May 20, 1998, (ii) the distribution  of cash to the  
holders of  Westbridge's  11% senior  subordinated
notes,  due 2002 ("11% Note  Claims"),  (iii) the  issuance  
of new  convertible preferred  stock to holders of CSFB 11%
Note  Claims,  (iv) the  issuance of new common stock to
the holders of unsecured claims  including,  but not
limited to, the holders of 7-1/2%  Convertible  Note
Claims,  (v) the issuance of new common stock and new  
warrants  to the  holders of old  preferred  stock and old
common stock, (vi) the cancellation of unvested common
stock grants and all unexercised warrants and options,
(vii) the adoption of stock option plans providing for the
issuance on and after the effective  date (x) to officers
and directors of up to 10% of the fully diluted new common
stock  outstanding  as of the effective date and (y) to  
marketing  agents of up to 3% of the fully  diluted new
common stock outstanding  as of the effective  date,  and
(viii) the settlement of a putative class action entitled
James C. Karabedian,  et al. v. Westbridge  Capital Corp.,
Martin E. Kantor, James W. Thigpen,  Patrick J. Mitchell,  
Forum Capital Markets L.P., and Raymond James & Associates,  
Inc.,  Civ. Action No. 3:97 CV 3087-T and the distribution
of cash to securities litigation claimants.

As of December 28, 1998, there were 7,035,809 shares of
Westbridge's common stock, par value $.10 per share,  and
11,935  shares of  Westbridge's  Series A Preferred  Stock  
outstanding.  Pursuant  to the Plan, approximately  
6,500,000 shares of New Common  Stock and  approximately  
23,000 shares of New Preferred Stock  will be issued in
respect of claims and interests  filed and owed under the
Plan.

Westbridge's most recent monthly operating report, filed
with the Bankruptcy Court on December 18, 1998, reflects
that the total unconsolidated  assets of the registrant
were approximately $61.2 million  and  the  total  
unconsolidated  liabilities  of  the  registrant  were
approximately $104.2 million.


Meetings, Conferences and Seminars
----------------------------------

January 9-14, 1999
   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 4-6, 1999
   AMERICAN BANRKUTPCY INSTITUTE
      Rocky Mountain Bankruptcy Conference
         Westin Tabor Center, Denver, Colorado
            Contact: 1-703-739-0800

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, 1999
   NORTON INSTITUTES ON BANKRUPTCY LAW
      Norton Bankruptcy Institute I
         Olympic Park Hotel, Park City, Utah
            Contact: 1-770-535-7722

March 18-21, 1999
   NORTON INSTUTUTES ON BANKRUPTCY LAW
      Norton Bankruptcy Litigation Institute II
         Flamingo Hilton Hotel, Las Vegas, Nevada
            Contact: 1-771-535-7722

March 19, 1999
   AMERICAN BANRKUTPCY INSTITUTE
      Bankruptcy Battleground West
         Century Plaza Hotel, Los Angeles, California
            Contact: 1-703-739-0800

March 25-27, 1999
   Southeastern Bankruptcy Law Institute, Inc.
      25th Annual Southeastern Bankruptcy Law Institute
         Marriott Marquis Hotel, Atlanta, Georgia
            Contact: 1-770-451-4448

April 15-18, 1999
   AMERICAN BANRKUTPCY INSTITUTE
      Annual Spring Meeting
         J.W. Marriott, Washington, DC
            Contact: 1-703-739-0800

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

June 3-6, 1999
   AMERICAN BANRKUTPCY INSTITUTE
      Central States Bankruptcy Workshop
         Grand Traverse Resort, Traverse City, Michigan
            Contact: 1-703-739-0800

July 1-4, 1999
   NORTON INSTITUTES ON BANKRUPTCY LAW
      Western Mountains Bankruptcy Law Institute
         Jackson Lake Lodge, Jackson Hole, Wyoming
            Contact: 1-770-535-7722
         
July 15-18, 1999
   AMERICAN BANRKUTPCY INSTITUTE
      Northeast Bankruptcy Conference
         Mount Washington Hotel & Resort
         Bretton Woods, New Hampshire
            Contact: 1-703-739-0800

August 4-7, 1999
   AMERICAN BANRKUTPCY INSTITUTE
      Southeast Bankruptcy Workshop
         The Ritz-Carlton, Amelia Island, Florida
            Contact: 1-703-739-0800

September 16-18, 1999
   AMERICAN BANRKUTPCY INSTITUTE
      Southwest Bankruptcy Conference
         The Hotel Loretto, Santa Fe, New Mexico
            Contact: 1-703-739-0800

December 2-4, 1999
   AMERICAN BANRKUTPCY INSTITUTE
      Winter Leadership Conference
         La Quinta Resort & Club, La Quinta, California
            Contact: 1-703-739-0800

                   *********

A listing of Meetings, Conferences and Seminars appears in
each Tuesday's edition of the TCR.  

Bond pricing, appearing in each Friday edition of the TCR,
is provided 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  * * *