January 10, 2001  

Daily Bankruptcy News

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Also available on the Web (with links to the news stories)  at:  http://bkinformation.com/News/DailyNews.htm

         
Planning for Bankruptcy Rise in 2001

Dotcoms:

Disney Offers $50,000 For Toysmart List

Settlement made in Toysmart case to protect customer names

Toysmart Case Could Affect Dot-Coms

Traditional Firms Cut Dot-com Staff  

A Tale of Two Sites - iSeatz.com Goes Global While Competitor Foodline.com Files for Bankruptcy

Net Industry 'Layoff Tracker' Axes Employees

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Gaming Industry:

Casinos go to stalking-horse auction

Former Louisiana governor gets 10-year prison term in casino corruption case

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Movie Theater Industry:

United Artists hopeful reorganization plan will be approved

Anschutz Buys Stake in Regal Cinemas

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Steel Industry:

Steelmaker-aid plan draws industry flak as market softens

Lawmakers To Meet On Steel Legislation

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Athey Approved to Continue Use of Cash Collateral

Telecoms:

DSL Not A Sure Bet - Vendors Must Tread Carefully In 2001

Covad Says More Customers Aren't Paying

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DeGeorge Financial Corporation Announces Changes to Pending Plan of Reorganization

Memphis, TN: Furniture Company Fleming Fine Furniture Files Chapter 11

L&H recovery plan calls for asset sale

  Xerox:

Xerox says no plans to file for bankruptcy

Xerox denies report it hired adviser for planned bankruptcy

Xerox Hires Adviser but Says It Is Not Planning Bankruptcy
(NYT: free registration required)

Xerox Rebuts Bankruptcy Report, Still Falls

Xerox to detail cuts plan to staff

Xerox to get $435 mln financing from GE Capital

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Bankruptcy Reform:

Bankruptcy reform to get another shot under Bush

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Pacific Gateway Exchange: 5 U.S. Units File Chapter 11

Junk bond defaults surge in 2000

Economy:

Poll: Faith in economy slipping

Consumer Debt Rises Faster

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Wards Has Not Yet Set Closing Dates for Its 250 Stores

Supreme Court Decision On Insolvent S Corp COD Taxation:

Supreme Court Sides With Shareholders In Dispute About Taxes In Insolvent S Corps

The Opinion:

Glitz v. CIR

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TWA:

TWA expected to file Chapter 11

Is TWA Planning A Bankruptcy To Strip Off Carl Icahn's Karabu Contract?

Workers curious about future with reported deal looming

TWA Board OKs American Takeover

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New Bankruptcy Opinions
(1 new opinion today)

Canada:

Canadian banks said exposed to risk in steel sector

Patriot Computer's Trustee Reports to Creditors

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China:

China's TITIC faces loan payment problems

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Power Utilities:

S&P says Davis speech bodes ill for Calif utilities

Utility fears hit US banks

California's Energy Woes Persist

Power Hungry in California - Are Other States Next?

Shares of Edison, PG&E Resume Slide

Bush Blames Calif Power Crisis on Lack of U.S. Energy Plan

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Store closures may chill U.S. real estate market

Stage Store To Dispose Of 118 Leases In 16 States

Empire Of Carolina Announces Proposed Sale Of Three Subsidiaries

Bargain Hunters Sift Through Nasdaq

Georgia-Pacific ready for any increase in asbestos suits

Officeland Voluntarily Surrenders Assets To Lender

Rosemont, Ill., Wire-Cable Distributor Anicom, Inc. Files Bankruptcy

Aryan land heads for auction block - Butler's compound, personal belongings; seized to satisfy bankruptcy creditors

Outlook appears bitter for Imperial Sugar

Dallas, TX: Involuntary Petition Filed Against Heritage Southwest Medical

 

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