April 18, 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

         
Goldman throws gutter ball with AMF, bankruptcy likely
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Corporate Woes Spawn New Executive Titles
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Dotcoms:

A Privacy Proposal for Dot-Com Bankruptcies
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Body-Bag Capitalism - Creditors get a little consolation cash, instead of the foosball tables and other booby prizes of dot-com bankruptcies
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Network Commerce says pressures could lead to bankruptcy filing

Brother, can you spare a few mill? - Troubled consulting firms can hold out their hands, but it’s become survival of the fittest.
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Tough Times for ISPs
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Telecoms:

Quick filing may be Winstar's best option
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Winstar For Sale
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Telecoms debt  

Cash crunch could push AXXENT into bankruptcy protection
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Winstar May Seek Bankruptcy Protection
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Nx Networks Cash Dwindles
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Denver: Bankruptcy filing in works for Convergent

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Restructuring . . .

Texas Instruments Plans Layoffs
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Some Suffer Tax Hangovers From Microsoft Option Spree
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Rick Yorn denies all claims of fraud by Cassandra Group bankruptcy trustee
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Faegre & Benson paralegal helps snare wanted property dealer charged with bankruptcy fraud
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Japan:

Mistaken cures for the Japanese economy
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Japan's bad loan problem even worse than feared  

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  Texas laws help bankrupt companies
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PSINet:

PSINet posts a loss of $3.22 billion

PSINet Teeters On Edge of Bankruptcy
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PSINet calls bankruptcy 'likely' as debt mount  

$5bn losses push PSINet closer to bankruptcy
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SunGard may lead Bridge bidding group
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In the world of huge CEO salaries, failure doesn't matter
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Bankruptcy hurts Trico sales effort

Kaiser Group Holdings Announces Plans for Initial Distribution Under Kaiser Group International Plan of Reorganization
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Shuttle America files for Chapter 11 bankruptcy

Bankruptcy Reform:

Bankruptcy increase tied to bill
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Push for farm protection  

The lives of those beating the bankruptcy bill hint at the future

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Dozens of Comdisco managers may face personal bankruptcy, analyst says
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Brennan:

Judge Keeps Tycoon Convicted of Bankruptcy Fraud in Jail Until Sentencing
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Fleet, Bank One Report Declines
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ALENCO Acquires Reliant Assets
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Turnaround experts: Glory, riches in reviving failures
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London Fog Industries Exits Chapter 11
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From the Subprime to the Ridiculous
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Judge OKs Wilkinson assets sales
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New Bankruptcy Opinions
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Power Utilities:

The Point Man - Barry Goode leads the charge for Davis as his energy crisis negotiator
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State's daily electricity bill hits $70 million, Davis says He blames PG&E bankruptcy, but GOP cites other contributing causes
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FERC Holds Key to Power Prices in State This Summer
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Edison Posts Huge Losses for Quarter, Year
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Calif. utility has huge loss, Texans strike it rich
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Looking for leverage: Legislature should reopen Edison deal
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L.A. Plans Rebates for Cutting Back on Power
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Davis Says Electricity Costs Rose After PG&E Bankruptcy
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Punishing the Producers Could Add to Problem
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Some suggest Edison follow PG&E into bankruptcy
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Edison pays suppliers, interest to bondholders
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Judge Favors Small Producer in Bout With Edison
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Problems piled up while legislators took spring vacation
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Power brokering - Governor tries to rally legislators' support for plan to buy Edison's transmission lines
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SoCal Edison faces 17 lawsuits from power producers
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PG&E Puts Positive Spin on Loss
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The Edison pact is a deal made for Wall Street
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PG&E reaffirms 8-10 pct earnings target for 2001
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