January 4, 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

         
Non-Lawyers' Collection Demands Result in Class Action Settlement Against Firm

Recession Fears Prompt Federal Reserve to Make Rate Decrease

Hedge funds learn that less is more in tough times

New Year's forecast - "2001 is going to be a bumpy ride"

Outboard Marine late with list of workers

Bradlees chief seeks $2.3m in severance for executives

Anna Nicole:

Anna Nicole Smith wants out of Houston probate fight

Anna Nicole Wants To Drop Out Of Houston Case To Focus On $450 Million Bankruptcy Court Judgment

Marshall Vows Immediate Appeal for 'Miscarriage of Justice'; Appeal Says California Court Had No Jurisdiction of Cause of Action

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Power Utilities:

Calif. proposes 7-15 pct power rate rise for utilities

Electric plan fails to satisfy anyone

Could Edison cover its own utility losses?

Bankruptcy Could Set Off Unpredictable New Problems

Proposed rate hikes for California utilities 'grossly inadequate'

PG&E Hires Bankruptcy Lawyers
(WSJ: paid subscription required)

Calif. utility rate hike may not solve crisis

Calif. Utility Shares Drop on Rate Plan

PG&E CEO Warns Against Calif. Rate Plan

Bankruptcy Court Could Mitigate Results of California Energy Crisis
(WSJ: paid subscription required)

____________

Belgian Court To Rule on Lernout & Hauspie Request

Intrenet Inc. To Shut Down, Lay Off Employees

  Montgomery Ward:

Life after Wards

Did You Buy Something From Montgomery Ward?

Montgomery Ward to Start Liquidation Sale

__________

Dotcoms:

December Internet failures cost investors $1.5 billion, report says

Launch.com Sues Checkout.com and Is Sued by Audiogalaxy.com -- All For Unpaid Bills

Colorado Dot-Coms Suffer Consequences of Fallout

High-Flying Web Tech Investors Cashed and Crashed

PNV lays off 227 workers, 'temporarily' shuts down

LetsBuyIt.com Seeks Bankruptcy Protection

Foodline, Starved For Cash, Files Bankruptcy

_____________

LTV:

LTV Shares Drop Almost 90 Percent

1,000 LTV Workers Lose Jobs

LTV Steel Mining Announces Early Shutdown

____________

Geneva Steel:

Geneva Steel emerges from chapter 11 bankruptcy

Geneva Managers Steer Steel Mill Out of Bankruptcy

___________

AMF Bowling rating falls to "D," defaults on bank loan

New Mexico's Largest Trucking Company, Roadrunner Trucking, Closes

Rock of Ages Completes Bankruptcy Acquisition of 16 Cemeteries in Kentucky

Chicago, IL: Defunct Plower Leaves Clients Adrift

CLECs struggle to stay afloat

 

 

New Bankruptcy Opinions
(2 new opinions today)

Korea:

Daewoo Motor Union Threatens Strike

Daewoo Motor announces massive layoffs

____________

Australia:

Court sequesters 17-year old winner's Lotto cash so it won't go to pay her parents' bankruptcy debts

_____________

Restructuring . . .

Listen.com cuts staff by 25 pct in restructuring

Office Depot's Swimming in Quicksand

Office Depot to Shut 70 Stores, Net Falls

TeraGlobal to reduce workforce by 60 pct

Tumbleweed to Cut Jobs As Shares Fall 70 Percent

EToys packs up UK toy chest

Boots & Coots Completes Financial Restructuring Agreement

First Internet Bank Announces Restructuring

Cryocon, Inc. Announces Corporate Restructuring

______________

Asbestos:

Federal-Mogul Expands Credit Line To Address Asbestos Claims

Credit gives big supplier a life

__________

LaRoche Industries Enters Into Asset Purchase Agreement With Gramercy Chlor-Alkali Corporation and Files Notice and Proposed Procedures With U.S. Bankruptcy Court

Houston-Based Retailer Stage Stores Wants to Shut Down Seven Stores In Houston Area

 

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