April 17, 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

         
Payment of bankruptcy fees questioned - Can a turnaround adviser be on the payroll and still be 'disinterested'?
(DBN Subscription Required)

Telecoms:

Winstar Considers Bankruptcy Filing
(DBN Subscription Required)

Winstar may file for bankruptcy
(DBN Subscription Required)

Covad to buy bankrupt Zyan's DSL customers
(DBN Subscription Required)

Cisco to Cut 8,500 Jobs, Take Huge Charges
(DBN Subscription Required)

D-day For Winstar
(DBN Subscription Required)

NorthPoint Breakup Leaves Ex-Clients Stranded
(DBN Subscription Required)

Morgan Stanley's Muddy Lucent Deal - Has The Pain Been Shared?
(DBN Subscription Required)

Winstar suspends payments, disputes Lucent default declaration
(DBN Subscription Required)

_____________

Adobe supplier declares bankruptcy
(DBN Subscription Required)

Dotcoms:

Verisign, First Data win CyberCash auction
(DBN Subscription Required)

MarchFirst: A Tale of Two Dreams
(DBN Subscription Required)

Waterbury, Conn.-Area Online Retailer Outpost.com Will Not File Bankruptcy
(DBN Subscription Required)

Reverse split little relief for Quokka, considering bankruptcy
(DBN Subscription Required)

Salvaging dot-com leases
(DBN Subscription Required)

Holding an empty bag: American Hospital Association's e-commerce effort hit by bankruptcy of business partner
(DBN Subscription Required)

____________

Friede:

Friede Goldman Misses Interest Payment, Bankruptcy Speculation Rekindled
(DBN Subscription Required)

Debts moving Friede closer to bankruptcy

______________

Downgrades of bonds to junk hit record
(DBN Subscription Required)

Big Banking Merger: Investors, Beware
(DBN Subscription Required) 

San Diego Attacks Court Decision Imposing $94.5 Million In Damages For Driving Business Into Bankruptcy
(DBN Subscription Required)

  Bridge:

SunGard vs. Reuters in fight for Bridge
(DBN Subscription Required)

SunGard Says Bid Carries More 'Speed, Certainty'
WSJ: separate paid subscription required)

SunGard says its Bridge bid superior to Reuters
(DBN Subscription Required)

_____________

Bankruptcy Reform:

Bush To Get New Bankruptcy Bill
(DBN Subscription Required)

Generation bankrupt - They got hooked on credit cards when the good times seemed forever. Now the bills are due.
(DBN Subscription Required)

Bankruptcy Bill's New Headaches

Bankruptcy filings take on new urgency
(DBN Subscription Required)

Paper or Plastic?
(DBN Subscription Required)

New bankruptcy law will give creditors stronger hand

The bankrupt generation
(DBN Subscription Required)

_____________

AMF Bowling CEO says bankruptcy most likely option
(DBN Subscription Required)

Brennan:

Brennan convicted of bankruptcy fraud
(DBN Subscription Required)

Brennan Guilty of Bankruptcy Fraud, Money Laundering
(DBN Subscription Required)

Penny stock king convicted of bankruptcy fraud
(DBN Subscription Required)

_______________

Help Comes With a High Price - Distressed Firms Agree to Extraordinary Terms, Even at the Risk of Depressing Stock Prices
(DBN Subscription Required)

Sale of Strouds, Inc. to Strouds Acquisition Corporation Approved by Bankruptcy Court
(DBN Subscription Required)

Creditors, suppliers squeeze Asia Pulp
(DBN Subscription Required)

SEC Sues Mercury Finance Ex-CEO for Fraud
(DBN Subscription Required)

Criimi Mae finally set to exit bankruptcy
(DBN Subscription Required)

Track n Trail files for Chapter 11 bankruptcy protection

Restructuring . . .

Texas Instruments to Cut 2,000 Jobs

Philips Sees Loss, Will Cut Jobs

TI Reportedly to Lay Off at Least 2,000

_____________

 

New Bankruptcy Opinions
(No new opinions today)

Power Utilities:

PG&E Reports $4.1 Billion Loss
(DBN Subscription Required)

PG&E Eliminates Utility CEO's Bonus
(DBN Subscription Required)

PG&E, both parent and utility, provide plenty to ponder
(DBN Subscription Required)

Deal to Buy Edison Grid Raises Doubts in Capitol
(DBN Subscription Required)

Why PG&E Chose Bankruptcy Protection / Courts will provide a framework to solve utility's problems, where the state so far has failed  

Calif. Utilities Took Different Lines
(DBN Subscription Required)

Judge delays ruling on SoCal Edison suit
(DBN Subscription Required)

PG&E CEO: Bankruptcy Settlement Could Come In 4-6 Months
(WSJ: separate paid subscription required)

Reliant Corp. beats estimates
(DBN Subscription Required)

DWP Chief to Work for Davis; Post as Energy Czar Likely
(DBN Subscription Required)

Plan to Save Edison Faces Skepticism in Sacramento - No legislative clamor for Davis' bailout deal

PG&E says CEO Glynn's compensation falls 56 pct
(DBN Subscription Required)

PG&E wanted free rein
(DBN Subscription Required)

SoCal Ed defers preferred stock dividends due end-May
(DBN Subscription Required)

Dynegy Earnings Soar 73 Percent
(DBN Subscription Required)

PG&E unit sees new N.Y. power plant one step closer
(DBN Subscription Required)

PG&E top execs got no bonuses

___________

Do bankruptcy courts have the authority to grant an injunction to a debtor's nondebtor parent?
(DBN Subscription Required)

Belgian court fixes L&H claims at 562.9 mln euros
(DBN Subscription Required)

Thailand:

Foreign insolvency specialists reel from Thai attack on fees

______________

 

Weather Forecast:
Enter City, State, or Zipcode:

If you received the Daily Bankruptcy News via email, to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com  

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $3/month, payable annually.  A separate password is required for each member of a firm wishing access to restricted links. Volume discounts are available. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm. Existing readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

Daily Bankruptcy News is published each business day by BKINFORMATION.COM, L.L.C.  You can reach us at 281-242-6208 or at admin@bkinformation.com 

Copyright 2001  [BKINFORMATION.COM]. All rights reserved.