January 24, 2001  

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet AND BKCLAIMS Marketplace - The Online Market For Bankruptcy Claims 

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

Movie Theater Industry:

Denver magnate takes over United Artists theater chain (DBN Subscription Required)

Disaster Of The Day: Movie Theaters (DBN Subscription Required)

Loews Cineplex Seeks To Defer, Cancel $106 Million Cap Spending (DBN Subscription Required)

Loews May Join List Of Screen Deaths (DBN Subscription Required)

Loews' Screen Closures Spark Concern For Retail REITs (DBN Subscription Required)

Loews to close 675 screens

Loews Cineplex fights insolvency (DBN Subscription Required)

Loews Cineplex Entertainment Corporation - Financial Results For Third Quarter (DBN Subscription Required)



NWA among airlines expressing interest in TWA assets (DBN Subscription Required)


Pro Air regains papers (DBN Subscription Required)

Appeals Court Extends Order to Prevent Icahn from Buying Reliance Debt (DBN Subscription Required)

US Automotive Manufacturing Inc. Files Bankruptcy, Announces Pending Sale (DBN Subscription Required)

S corp investors get relief from high court (DBN Subscription Required)


SF vacancy rate rises to nearly 4% as dotcoms pack up (DBN Subscription Required)

Time To Kick eToys off the Island (DBN Subscription Required)

States to Weigh In on Privacy - Intend To Urge Congress Not To Pass Federal Legislation Preempting State Consumer Protection Laws (DBN Subscription Required)

Internet startups adjust to hard hunt for funds (DBN Subscription Required)

Drugstore.com Fights Off Cash-Related Illnesses (DBN Subscription Required)

Letsbuyit fights to stay afloat still needs to raise 1bn (DBN Subscription Required)

Congress takes on Internet Privacy legislation (DBN Subscription Required)



Analyst: PSINet Must Either Sell Subs Or File Bankruptcy By Q2 (DBN Subscription Required)

Manchester, NH: Vitts Networks confirms staff dismissals, dissolution plans (DBN Subscription Required)

Bank shuts the door on Elcotel (DBN Subscription Required)

E.spire looks like a target (DBN Subscription Required)


Lernout&Hauspie offered $60M credit by Cerberus/Gabriel (DBN Subscription Required)

U.S. loan market gloom lifts a little in new year (DBN Subscription Required)

Computer Learning Center:

National chain abruptly shuts its doors, leaving students in lurch

Millions of dollars in tuition at stake in computer school's closure (DBN Subscription Required)


Law Vegas, NV: Regent Bankruptcy lifted as judge OKs loan (DBN Subscription Required)

Florida: Rachel's Files For Bankruptcy To Save License (DBN Subscription Required)


  Power Utilities:

Calif. Searches For Energy Plan (DBN Subscription Required)

Bush tells suppliers to keep power flowing to California (DBN Subscription Required)

California Energy Crisis Starting to Roil Other Western States (DBN Subscription Required)

Administration gives California two weeks' breathing room on power (DBN Subscription Required)

Edison International Given Extension On Bond Interest Payments (DBN Subscription Required)

Rate hike sought as Calif. takes power bids (DBN Subscription Required)

Calif Reps Balk At Assembly Plan For Bonds To Cover Power (DBN Subscription Required)

Power-Starved California Turns To Internet Auction (DBN Subscription Required)

Calif. gets emergency power supply extension (DBN Subscription Required)

Calif. Gets Power Help -- And Deadline (DBN Subscription Required)

California's legislators created their own power crisis (DBN Subscription Required)

Bill would cap electricity prices in West (DBN Subscription Required)

Canadian utility won't seek fast California payment (DBN Subscription Required)

California CEOs say power crisis threatens economy (DBN Subscription Required)

California May Take Over Some Electrical Plants (DBN Subscription Required)

Want More Power? Build We Must (DBN Subscription Required)

Calif ISO, utilities offer ideas to prevent price spikes (DBN Subscription Required)

PG&E welcomes renewal of energy orders, says solutions needed (DBN Subscription Required)

County Treasurer to Explain Investment in Wounded Utility (DBN Subscription Required)

California Buys Canadian Power, Awaits U.S. Moves (DBN Subscription Required)

California may issue crisis bonds (DBN Subscription Required)

FERC staff mull ways to monitor Calif power market (DBN Subscription Required)

Calif. Gets Help, Warning From Bush Administration (DBN Subscription Required)

Bush Administration Faces First Energy Crisis (DBN Subscription Required)

New Strategies Should Be Adopted to Address California Power Crisis (DBN Subscription Required)

Calif. can solve own energy crisis--FERC chief (DBN Subscription Required)

State's energy crisis a boon for Houston-based supplier

Calif. Considers Becoming Energy Producer (DBN Subscription Required)

L.A. promised power for next 10 years (DBN Subscription Required

Northern California town faces dramatic spike in electricity rates (DBN Subscription Required)

Gray pride leaves California in the dark (DBN Subscription Required)

FERC Chairman Hebert continues hands off approach - urges California to produce more power (DBN Subscription Required)

Calif. utilities may zap Denver (DBN Subscription Required)




New Bankruptcy Opinions
(1 new opinion today)


Major helped save Huntingdon (DBN Subscription Required)



Tycoon's summit aspirations fall foul of lawsuit


Bankruptcy experts expect more and more out-of-court problem solving between debtors and creditors (DBN Subscription Required)

Seattle, WA: Fore! sale: Interbay golf goes bankrupt, will get new owner (DBN Subscription Required)

Restructuring . . .

J.C. Penney to close about 50 stores (DBN Subscription Required)

J.C. Penney Will Shutter 50 Locations (DBN Subscription Required)

AOL TW cutting 2,000 jobs (DBN Subscription Required)

Corel to sell off Linux assets (DBN Subscription Required)

MarchFirst cuts budget, lays off more workers (DBN Subscription Required)

Textron To Cut 3,600 Jobs (DBN Subscription Required)

Norfolk Southern Cuts 2,000 Jobs (DBN Subscription Required)


Bankruptcy Reform:

Gramm backs new bankruptcy bill (DBN Subscription Required)

Bankruptcy Reform Is Credit Industry's Top Priority In New Congress


Worldtex, Inc. announces agreement regarding restructuring of capitalization (DBN Subscription Required)


Monthly index shows slowdown (DBN Subscription Required)

Vulture Investors Expecting A Good Year (DBN Subscription Required)


Honolulu: Liberty House parties seek settlement approval (DBN Subscription Required)

Service Merchandise Receives Three Year, $35 Million Committed Vendor Credit Line From CIT - Bankruptcy Court Approves New CFO (DBN Subscription Required)

Crown Vantage clarifies bankruptcy, asset sale status (DBN Subscription Required)

Pergament Stores Sale Possible, Company Considering Bankruptcy (DBN Subscription Required)


Converse Moving Production To Asia (DBN Subscription Required)

Converse Inc.'s Demise Seen As Study In Intransigence (DBN Subscription Required)

Converse Slam-Dunked (DBN Subscription Required)



U.S. Steelworkers To Ask Congress, Bush For Protection (DBN Subscription Required)


Microcast Inc. Chapter 11 Case Converted To Liquidation (DBN Subscription Required)

Tuscon, AZ: TUSD official Lopez seeks bankruptcy protection (DBN Subscription Required)


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