January 5, 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


JCC Holding Company Files for Reorganization

Harrah's Could Have Written Off $200 Million On JCC Holding Debt

JCC Holding Company Authorized to Continue Casino Operations


House GOP Set to Create Financial-Services Panel

Bankruptcy Leads to Fraud Charges

Bankruptcy Reform:

Credit Unions, Banks Expect Bankruptcy Bill To Return Next Year


Bankruptcy Court Approves Agreements Between Elder Care and Genesis and Multicare

Sale of Houston-Based Diaper Maker's Assets Falls Through


Announcement no shock, but it hits hard

Union official says LTV should look to cut costs elsewhere

Wellstone visits Iron Range to talk about LTV shutdown

Analysts say LTV spent unwisely after first bankruptcy

Steel industry faces bleak short-term future

Governor's speech may touch on LTV crisis


Lernout & Hauspie:

Belgian court probes L&H co-founder Hauspie

Troubled Belgian High-Tech Firm Wins Bankruptcy Protection

Lernout Chairman Sees 20% Of Workforce Cut
(WSJ: paid subscription required)

L&H lawyer tells U.S. judge buyers interested in assets


George magazine folds

Unapix Entertainment Gets Final Nod On $40 Million DIP Facility

Waste Systems International, Inc. Retains Investment Bank, Announces Default On Senior Debt, Missed Interest Payment and Possible Nasdaq Delisting

Bankrupt Sun Healthcare to sell U.K. unit

Learning From Mistakes- Revitalized Texas Oil Companies Act with Caution



  Mass.-based headwear retailer, Lids Corp., files for bankruptcy

Montgomery Ward:

Closing Isn't Monkey Business for Wards

A consumer's guide to navigating the Wards closing



New Jobless Claims Highest in More Than Two Years

Nine years of bliss may end in 2001


Regional banks face profit slowdown in fourth quarter


PSINet faces asset sale, bankruptcy

Musicmaker.com Clarifies Remarks of Chief Financial Officer

Dot-Crash Update - Fed's Rate Cut Fails to Lift Fortunes at Some Net Firms

Group-buying site Mercata to shut its doors
NYT: free registration required)

BroadcastAmerica fails to strike deal that would save company

Musicmaker Falls Silent

Rough Road Ahead for Internet Stocks?

A Shelter from the Dot-Com Storm: The Latest Victim of the Shakeout May be a Survivor

Creditor Moves to Stop Pseudo.com Bankruptcy Auction

EToys Cuts Jobs, Sees No Profits



Federal-Mogul Corporation clarifies news reports regarding asbestos liabilities

Armstrong cuts 56 corporate-level jobs

Federal-Mogul Gets New Credit Lines, Plans to Fight Asbestos Litigation

Owens Corning to buy Foundry & Steel assets


USA Biomass To Be Delisted From Nasdaq Jan. 11

Boston, MA: Businesses Falling Prey To Economy - Three Local Chains Suffering

Rabbi sentenced to halfway house for illegal bank deposits




New Bankruptcy Opinions
(1 new opinion today)


Bankrupt names seek inclusion


Power Utilities:

Calif To Act To Head Off Utilities Bankruptcies -PG&E

Lawmaker Expected To Unveil Bond Bill To Aid Calif Utils

White House Calls Summit On California Power Crisis

Wall Street Hammers Credit Rating, Stocks of California Utilities

DOE Ready To Extend Order Mandating Pwr Supply To Calif.

Fitch Lwrs So Cal Ed, Pacific Gas & Elec Below Investment Grade

Power Crisis -- real or imagined?

Investors Fear Temporary Rate Increases Won't Keep Calif. Utilities Solvent

Edison, PG&E Shares Drop at Least 40 Pct

In California, the Sad Saga Continues

Lights Out For Utilities

Effect of State's Energy Crisis on Economy May Have Worried Fed

Calif. PUC Approves Interim Rate Hike for PG&E, SCE

Californian utilities' woes spread to power providers as concerns about collectability of utility receivables mount


Pickle maker Vlasic downgraded after missing payment

American pilots union challenged; Small rival says debt from court judgment will spell end of APA

Laidlaw says has $100 million financing

Ann & Hope To Close 4 Mass. Stores, Lay Off 1,400

Restructuring . . .

DSL providers continue cutbacks

CrossKeys Implements Restructuring Plan

Engage, Inc. to lay off workers

Advertising.com(SM) Reduces Workforce

Jordan American Holdings, Inc. Announces Corporate Restructuring



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