April 19, 2001 Daily Bankruptcy News

April 19, 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

Moody's scraps SPVs, suggests true sale might not be needed (DBN Subscription Required) Power Utilities: PG&E Co. Issues Statements On the Increase in the State's Cost for Power (DBN Subscription Required) Bankruptcy Threat Could Cross the Border (DBN Subscription Required) California Energy Crisis Could Cripple U.S. Economy (DBN Subscription Required) State bill for power up 57%, Davis says - Rates jump in 2 weeks since PG&E bankruptcy Davis says Edison agreement may need altering (DBN Subscription Required) Lawmakers fear bankruptcy filing won't focus on wholesale prices Power to the People? Empower the Regulators (DBN Subscription Required) Regulators OK New Electricity Plant (DBN Subscription Required) Calif. utility rescue plan seen in severe trouble (DBN Subscription Required) Calif. governor throws weight behind power plant (DBN Subscription Required) California Energy Crisis Blamed on Politicians (DBN Subscription Required) ______________ Dotcoms: Network Commerce ponders bankruptcy (DBN Subscription Required) marchFIRST to sell more assets after filing for bankruptcy (DBN Subscription Required) Rooster.com trims more staff (DBN Subscription Required) eGlobe Files Voluntary Chapter 11 Petition (DBN Subscription Required) Quokka Suspends Remaining Online Sports Coverage, Prepares For Bankruptcy (DBN Subscription Required) ______________ Raytech creates asbestos trust, exits bankruptcy (DBN Subscription Required)	Delaware halts first-day bankruptcy hearings (DBN Subscription Required) Acquisition of Wachovia Could be Long and Bloody (DBN Subscription Required) Bankruptcy Reform: Bush Asked to Appoint Privacy Czar (DBN Subscription Required) _______________ Chance: Amusement ride maker Chance Industries seeking bankruptcy protection Chance Files for Chapter 11 (DBN Subscription Required) ______________ Air cargo carrier Kitty Hawk files reorganization plan (DBN Subscription Required) Dangerous Options Causing Bankruptcies (DBN Subscription Required) Convergent: Convergent may declare bankruptcy (DBN Subscription Required) Convergent CEO landed $20 million bonus (DBN Subscription Required) _____________ LTV Planning To Cut $261M in Costs (DBN Subscription Required) Telecoms: Waiting for Wireless (DBN Subscription Required) BEII to Acquire Bankrupt Broadband Network Provider (DBN Subscription Required) Telecom Downturn's Toll Grows (DBN Subscription Required) US telecoms hit by Winstar filing for Chapter 11 (DBN Subscription Required) ____________ Montgomery Ward Appoints CONSOR and Newmark Retail Financial Advisors for Sale of Trademarks and Brand Assets (DBN Subscription Required) Precept Business Services Receives Bankruptcy Court Approval For Sale of Subsidiaries (DBN Subscription Required)	New Bankruptcy Opinions (1 new opinion today) Winstar: Bankrupt Winstar sues Lucent (DBN Subscription Required) Winstar Files for Bankruptcy, Sues Lucent (DBN Subscription Required) Office.com files for Chapter 11 bankruptcy (DBN Subscription Required) Winstar Calls on Bankruptcy Filing to Reverse Slide (DBN Subscription Required) Winstar sues Lucent for $10 B; files bankruptcy Winstar files for bankruptcy, continues service (DBN Subscription Required) ______________ PSINet: PSINet Reports $3.2 Billion Loss Internet Pioneer Says a Bankruptcy Filing Is Likely (DBN Subscription Required) PSINet: Colossal Cleanup in Aisle 5 (DBN Subscription Required) ____________ Fusion Networks says will cease operations, may file bankruptcy (DBN Subscription Required) Teletouch Reports Results for Third Quarter of Fiscal 2001, Bankruptcy Possible (DBN Subscription Required) Bad loan business - Bankrupt AppOnline.com accused of fraud and other misdeeds (DBN Subscription Required) Friede won't get $100M loan to ease debt (DBN Subscription Required) Lower Rates Alone Won't Loosen Loans (DBN Subscription Required) Finland: Legal committee prepares for IT bankruptcies (DBN Subscription Required) ______________ Weather Forecast: Enter City, State, or Zipcode: