April 25, 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

         
Bankruptcy - The American Way
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Power Utilities:

State's Bond Rating Downgraded to A+
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First warm spell sparks Calif. shortage
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S&P cuts Calif. credit rating due to energy crisis
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Governor promises lights on at end of two-year tunnel
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SoCal Edison says pays $251 mln to power suppliers
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PG&E Seeks Court Permission to Fund Energy Efficiency Programs
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Developments in California's energy crisis

Power price-cap bill introduced
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Assembly OKs faster power-plant approval
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Florida: Experts say state `on edge' of future power problems
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U.S. power prices poised for sharp summer runup
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Bankruptcy Reform:

Bipartisan spirit in grip of gridlock
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Bankruptcy overtime
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Bankruptcy Legislation Could Be A Reform Bust
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Pillowtex To Close Plants in June
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Keen Consultants Organizing Bankruptcy Court Auction Of Excess Retail Leases Of Drug Emporium, Inc.
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Bankruptcy outcomes will decide fate of nursing homes 

LTV in Agreement To Sell VP Buildings
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San Marcos schools face possible bankruptcy
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Payday lending: Gouging the poor
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Cheap cash is America's problem
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Economy:

U.S. Must Speed Tax Cuts to Avoid Slump, IMF Says
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UN Report Sees Economic Slowdown Lasting Longer Than Predicted
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FirstStar Center sale could occur by June 20
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  Overloaded Delaware Bankruptcy Court finds relief
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Debt Collection From Afar - The Shape Of Things To Come? Offshore Collection Agencies Avoid FDCPA?
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John Wayne Airport: Taxi Bankruptcy Riles Rivals - Cab firm is seeking Chapter 11 protection. Its competitors want the county to pull its contract
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Bridge:

Reuters still undecided on Bridge
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Reuters bid for Bridge assets faces block
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Dotcoms:

Free-office-furniture broker serves as buffer to grumpiness
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MarchFirst Continues To Sell Assets
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Asset Scavengers - The dot-com death toll brings a whole new breed of e-business
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FreeRealTime.com Files Voluntary Chapter 11 Petition
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Venture Capital's Tangled Web - At the height of the Internet boom, venture capitalists invested heavily in dot coms. Now they're paying the price. 

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Didde Bankruptcy Leaves Mid-America Holding 103,000-SF Lease
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Dallas-Based Airline Asks Court to Approve Liquidation
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Weak companies struggle for cash despite rate cuts
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Contractors, suppliers want more time to file liens in Kansas

American Appliance:

American Appliance closes
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Appliance chain closes abruptly
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American Appliance closes its 24 stores; up to 700 lose jobs
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Hudson River Club Files For Bankruptcy, Finds Investor
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U.S. Parts/Rankin files for bankruptcy
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Lasik Vision files for bankruptcy; parent company says it will assist patients
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Want Fries with that Bankruptcy?

 

New Bankruptcy Opinions
(4 new opinions today)

Bankruptcy Judge sues his boss, the courts - Suit claims chief justice tried to take away job
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Telecoms:

Teligent nearing insolvency
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Co-ops assume debt of REAnet
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CLEC Industry Stares Into Abyss
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World Access Files for Bankruptcy

Telecoms drop earnings bombs
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Shareholders Sue Winstar
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The Collapse of U.S. Investment Spending In Telecoms
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Stalled Orbcomm Sale To Close Soon, Chairman Says
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More Pain for Telecom
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360networks denies bankruptcy is near
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NorthPoint Bankruptcy, FCC Mandate Impacts ISPs
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Tech firms rack up huge losses
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Slowdown In Spending Hits Lucent
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Dominos: Winstar Bankruptcy Contributes To Lucent $3.7 Billion Loss
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Chiquita, struggling to avoid bankruptcy, sees 90-percent drop in first-quarter profits
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President Casino CEO Optimistic About Bankruptcy - "This will be one of the simplest bankruptcies to ever go through the court"
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England:

UK MPs condemn Chester Street directors for causing co's bankruptcy
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Aitken's lot laid bare at furniture auction
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Korea:

Lernout & Hauspie Korea Co., Ltd. Files Voluntary Petition for Bankruptcy Protection
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South Korea's Dongsu Industry Files For Bankruptcy
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L&H seeks criminal charges against former Korean chief, seeks bankruptcy protection
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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.