January 4, 2001 Daily Bankruptcy News

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 ___________ 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 Weather Forecast: Enter City, State, or Zipcode: