April 23, 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

         
Power Utilities:

Lawmakers urge override of S.J. power-plant vote
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PG&E says has enough money for six months
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Energy traders profit from California's plight
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The inside story of why PG&E went bankrupt: Top officials of the huge utility say they didn't think Sacramento could fix their problem
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Davis Needs Stronger Pitch - The governor must present a better case for the Edison bailout if he's to convince the Legislature
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PG&E Update: Procedural Filings Friday
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Politicians Get Blame for Energy Mess
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Blackouts looming in Sacramento area

SCE Bankruptcy Seen Unless Deal Backed
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Plugging the electricity gap - Federal energy commission must step in and do its job: regulate
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Calif. power crisis sparks fresh look at nuke power
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Governor's office reveals more details of Edison deal
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California Facing Energy Price Hike
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Edison warns state not to alter pact

Berkeley energy supplier sues PG&E
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Edison warns rescue pact collapse would singe credit
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Power provider uses airwaves to gloss image

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Shakeout Could Be on the Way for the PC Industry
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Preferences: Companies fighting request for return of Beloit Corp. money
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Colleges stand to profit as students pile up debt
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Fibre-optic glow dims as funds cease to flow
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St. Louis Casino Company's Subsidiary Files for Bankruptcy
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Convergent:

Arapahoe County, Colo.-Based Communications Firm Files for Bankruptcy
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Even the $20 million man couldn't save Convergent
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  Union leaders say proposed LTV cuts are too deep
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Bankruptcy Reform:

New law offers card issuers reward without risk

ABI Study of Debtor Education Programs

New law will raise the bar on bankruptcy

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Dotcoms:

E-Commerce Was the Biggest Mistake of My Life - How one man's dream to get into the Internet biz turned into an e-commerce nightmare
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Xpedior Files for Bankruptcy Reorganization
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Once-Highflying Dot-Com Crowd Comes Back Down to Earth Rapidly

Ex-millionaires back with common folk again
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Troubling trend: Bankruptcies on the rise in Massachusetts

Stellex Technologies, Inc. Announces That It Will Pursue A Stand-Alone Plan of Reorganization for Its Aerostructures Business
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Sears Bankruptcy Reaffirmation Practice Listed As One Of "Top Ten Corporate Crimes Of The Decade"

Generation Debt
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Winstar:

Winstar could fetch nearly $1B, but buyers will be scarce
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Williams Communications Responds to Winstar Bankruptcy
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Class Action Lawyers Respond to Winstar Bankruptcy
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Confirmation Hearing Set In Electronic Business Services Case
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PSINet:

PSINet future clearer in hindsight
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PSINet brass got big raises  

Stadium naming rights deals hurt by sponsors' deteriorating finances

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Firstar's role in changing bankruptcy law draws protest
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MarchFirst severance in judge's hands
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TSR Wireless: From $180 million in revenues to a sea of debt
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Washington, D.C.: Judge orders OnTour to Ch. 7

 

New Bankruptcy Opinions
(No new opinions today)

Dealing With Personal Debt - Americans Are Drowning In Debt
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L. P. King, Legal Authority on Bankruptcy, Dies at 72
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Friede Goldman:

Oil rig maker sinks into Chapter 11
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Friede needs new contract, analyst says
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FGH: Filing Chapter 11 gives us breathing room
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Shipbuilder Assures Texas Workers of Job Security Following Bankruptcy
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Friede Goldman files for bankruptcy protection

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Brennan trustee wants bankruptcy resolved in two years

Nursing Home Company Vencor Starts Over
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Louisville: Bankruptcy experts cite warning signs

Babcock & Wilcox:

McDermott says insurers seek to annul asbestos coverage
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McDermott International, Inc. Announces Developments Relating to Babcock & Wilcox Chapter 11 Reorganization
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San Marcos School District On Verge Of Bankruptcy
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Raabe a $72,000 a year indigent in Orange County bankruptcy trial
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Philadelphia: Awash in debt, ailing device maker turns to Chap. 7

Hit or Miss Closes Final 38 Stores
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Track 'n Trail will close some stores as it looks for path to survival

Other shoe falls on sports retailer
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Hawaii: Bankruptcy halts moves to foreclose on parks
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Canada:

See-through plastic scam
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Japan:

Land of rising discontent  

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New Zealand:

New Zealand Domestic Airline Quantas Grounded
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