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Public Comment Requested on Financial Privacy and
Bankruptcy
The Department of Justice, Department of the Treasury, and
Office of
Management and Budget, in consultation with the Administrative
Office
of the U.S. Courts, are conducting a study on how filing for
bankruptcy
affects the privacy of individual consumer information that
becomes
part of a bankruptcy case, according to a Department of
Justice release.
To assist in the study, these agencies are requesting public
comment
on a series of questions regarding privacy issues related to
records
that are established in the course of bankruptcy proceedings
conducted
in federal courts, including questions raised by electronic
access to
such bankruptcy records. Questions should be submitted by
Sept. 8.
On April 30, the President directed the three federal
agencies to conduct
a study on 'how best to handle privacy issues for sensitive
financial
information in bankruptcy records,' including 'the privacy
impact of
electronic availability of detailed bankruptcy records,
containing financial
information of vulnerable debtors.' The study will be
completed by Dec.
31 and will be prepared in consultation with the
Administrative Office
of the U.S. Courts. The study will consider how the privacy
interests
of debtors in personal bankruptcy cases are affected by the
public availability
of information about them in those cases. It will also
consider the
need for access to this information and accountability in the
bankruptcy
system. Finally, it will consider how changes in business
practices
and technology may affect all of these interests.
Questions and comments should be sent to Leander Barnhill,
Office of
General Counsel, Executive Office for United States Trustees,
901 E
Street, NW, Suite 780, Washington, DC 20530. Electronic
submissions
should be sent via email to
HREF='mailto:USTPrivacyStudy@usdoj.gov'>USTPrivacyStudy@usdoj.gov.
Submissions
should include the submitter's name, address, telephone
number, and
if available, fax number and email address. All submissions
should be
captioned 'Comments on Study of Privacy issues in Bankruptcy
Data.'
To read the document in its entirety, click on the link below.
TARGET='window2'>http://www.usdoj.gov/ust/privacy/privacy-study.htm
PC Service Source Files for Bankruptcy Protection
PC Service Source, Inc. (NASDAQ) announced yesterday that the
company
and all of its subsidiaries have filed a voluntary petition
for protection
under chapter 11, according to a newswire report. The petition
was filed
in the federal bankruptcy court for the Northern District of
Texas,
Dallas Division. Due to the significant losses from the
company's discontinued
parts sales division, the company filed chapter 11 to seek a
financial
reorganization of its rapid turnaround desktop and notebook
repair business.
PC Service Source will continue to operate the repair business
under
the protection of the bankruptcy court while seeking to
finalize a plan
of reorganization to implement its anticipated restructuring.
Imperial Home Décor Group Inc. Ready to Emerge From
Chapter 11
The Imperial Home Décor Group Inc. (IHDG) said yesterday that
the U.S.
Bankruptcy Court for the District of Delaware has extended the
period
in which the company has the exclusive right to file and
advance a plan
of reorganization in its chapter 11 case, according to a
newswire report.
IHDG has reached several critical milestones in its case that
are consistent
with the company's goal of emerging from chapter 11 by the end
of the
year. The court granted the Cleveland-based company another 75
days,
until Oct. 18, during which the company has the exclusive
right to file
a plan of reorganization. They include completing and
submitting the
company's three-year business plan, which will become the
foundation
for a plan of reorganization, to creditors, and conducting
substantive
discussions with creditors regarding the proposed capital
structure
of the company following its emergence from chapter 11.
Imperial Home
Décor Group is the world's largest designer, manufacturer and
distributor
of residential wallcovering products.
Harnischfeger Requests Six-Week Exclusivity
Extension
Harnischfeger Industries Inc. (HRZIQ) is asking the U.S.
Bankruptcy
Court in Wilmington, Del., to extend through Oct. 26 the
period during
which only it may file a Chapter 11 plan of reorganization and
the period
during which the company maintains the exclusive right to
solicit votes
on such a plan through Dec. 28. The St. Francis, Wis.-based
pulp, paper
and mining equipment maker obtained a 30-day extension of its
exclusive
periods to sponsor a reorganization plan on Aug. 14. The
company's exclusive
plan filing period is now set to expire Sept. 15, and its
exclusive
solicitation period is now set to expire Nov. 15.
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href='http://www.fedfil.com/bankruptcy/developments.htm'>The Daily
Bankruptcy
Review
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2000
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