January 25, 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

Lernout & Hauspie:

L&H lands $60M in financing (DBN Subscription Required)

Lernout & Hauspie Seeks Court OK For $60 Million Loan From Ableco (DBN Subscription Required)


Greater fools rush in (DBN Subscription Required)

Bankruptcy Reform:

Lott Says That Bankruptcy Reform On Congress' Agenda (DBN Subscription Required)

Gramm Vows An Even Stronger Reform Bill (DBN Subscription Required)



Two Other Airlines To Bid for TWA Assets (DBN Subscription Required)

Continental, Northwest Seek to Buy Some TWA Assets (DBN Subscription Required)

Airlines Pose Alternative Plans for TWA (DBN Subscription Required)

Icahn Offers to Help Independent TWA (DBN Subscription Required)

American counters Continental's charge (DBN Subscription Required)

American Airlines Statement on TWA Bankruptcy Filings By Certain Other Carriers (DBN Subscription Required)

Continental May Buy Some TWA Assets (DBN Subscription Required)


Matthews Studio Equipment Completed Bankruptcy Sale of Assets (DBN Subscription Required)


Rescue Rumors Boost LetsBuyIt.com Stock (DBN Subscription Required)

BioShield Technologies, Inc. Motion Granted to Move eMD.com From Chapter 7 to Chapter 11 (DBN Subscription Required)

Two more Reno-area Internet retailers in trouble (DBN Subscription Required)

LetsBuyit Raises EUR4 Million, Averts Bankruptcy (DBN Subscription Required)



Finova shares tumble after Leucadia cash disappears - Company closer to possible bankruptcy (DBN Subscription Required)

FINOVA, Leucadia end securities purchase agreement (DBN Subscription Required)


Outboard Marine: Michigan town's pain signals hard times (DBN Subscription Required)


Reliance says appeals court blocks Icahn offer (DBN Subscription Required)

Reliance Group Holdings Continues Restructuring Negotiations (DBN Subscription Required)


Quad Systems shares delisted from Nasdaq due to bankruptcy filing (DBN Subscription Required)


  Power Utilities:

Part of Utilities' Windfall Went to Dividends, Parent Firms (DBN Subscription Required)

Lawmakers to Hold Meeting on Power Crisis (DBN Subscription Required)

SoCal Edison says to run out of cash around Feb. 2 (DBN Subscription Required)

Judge stops CalPX from liquidating SCE contracts (DBN Subscription Required)

California Moves Back From Brink of More Blackouts (DBN Subscription Required)

New FERC chief says "sympathetic" to Calif power woes (DBN Subscription Required)

Reliant Energy responds to California call for power bids (DBN Subscription Required)

White House Says More Help Possible for Calif. Crisis (DBN Subscription Required)

Energy Fantasy (DBN Subscription Required)

Senators Plan Power Crisis Hearing (DBN Subscription Required)

California Reviews Power Bids (DBN Subscription Required)

San Diego utility seeks to raise electric rates (DBN Subscription Required)

Denver has invested in shaky utilities (DBN Subscription Required)

Calif crisis causes 2 of 5 rating downgrades in '01 (DBN Subscription Required)

California crisis good for microturbine makers (DBN Subscription Required)

UnionBanCal Sets Aside Money To Cover Utility Woes (DBN Subscription Required)

California launches wider search for better power prices (DBN Subscription Required)

California utilities get reprieve Suppliers must stick it out 2 more weeks; long-term solution near? (DBN Subscription Required)

Armstrong Indus Seeks To End Contract With SoCal Edison (DBN Subscription Required)

Dodging deregulation keeps lights on in L.A. (DBN Subscription Required)

Washington state acts to prevent power woes (DBN Subscription Required)

San Diego Power Ratepayers Get a Breather (DBN Subscription Required)

California's power trip (DBN Subscription Required)

Other States Have Led Way in Creating Power Authorities (DBN Subscription Required)

Sempra Unit Says it Also Needs Price Hike to Pay California Energy Bills (DBN Subscription Required)

ISO Says California Power Crisis Easing (DBN Subscription Required

Calif. crisis could grease wheels for energy bill (DBN Subscription Required)

Calif. refineries pump on through power crisis (DBN Subscription Required)




New Bankruptcy Opinions
(No new opinions today)


Mexico Feeling Effects of Slowing U.S. Economy (DBN Subscription Required)



Russian Bank's Offering Riles U.S. Investors (DBN Subscription Required)



US food giant slips on its own banana skin (DBN Subscription Required)


Restructuring . . .

Lucent Posts Loss; to Cut 10,000 Jobs (DBN Subscription Required)

Excite@Home Cuts 250 Jobs (DBN Subscription Required)

Lucent job cuts stun small New Jersey town (DBN Subscription Required)

MEDIQ Reaches Agreement With Lenders, Bondholders to Restructure Debt (DBN Subscription Required)

Heads Roll And Stocks Bounce (DBN Subscription Required)

Whirlpool Announces Job Cut Plans (DBN Subscription Required)

Outlook Bright for Job Losers -- for Now (DBN Subscription Required)


Reports: Symington Was Near Guilty Plea (DBN Subscription Required)

Movie Theater Industry:

Lights! Camera! Action! (DBN Subscription Required)

It's curtains (DBN Subscription Required)

Onex-backed firm eyes Loews theatres (DBN Subscription Required)

AMC to shutter 500 screens in failing plexes (DBN Subscription Required)


Las Vegas, NV: Regent remains in bankruptcy; bridge financing is approved (DBN Subscription Required)

Dorsey Trailers Announces Expectation of No Value Available to Stockholders (DBN Subscription Required)

Pro Air:

Pro Air regains operating license (DBN Subscription Required)

Pro Air's way of doing business has neighbors on pins and needles (DBN Subscription Required)


govWorks, Inc. to Sell Its Transaction Processing Business Assets At Bankruptcy Auction (DBN Subscription Required)


National Steel's 4th-Quarter Loss Widens, Remains Pessimitic on Future (DBN Subscription Required)



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