April 30, 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

         
Fired bankruptcy judge admits he didn't file tax returns
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Power Utilities:

PUC to Consider Bankruptcy-Filing Probe
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Edison: FERC's Calif. power plan has big holes
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Why Edison, PG&E split on strategy
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While a Utility May Be Failing, Its Owner Is Not
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PUC Not Ready to Concede Its Rate-Setting Authority to Judge
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Utilities cash in on unfettered subsidies But in PG&E's case, investments might be challenged in bankruptcy court
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Federal Caps Will Let Electric Costs Soar, Critics Say
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Rescue consumers from utilities' grasp
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Opportunity by candlelight  

California offers hard lessons in how best to introduce competitive energy trading
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California Energy Crisis - Summaries

Time Seems Bright for Solar Power - Big companies bring financial clout to field

Bush Is Off to a Rocky Start in His Handling of All Things Californian
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Bush Is Off to a Rocky Start in His Handling of All Things Californian  

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Bankruptcy Reform:

Staying Ahead: Ax will fall hard after bankruptcy law is signed
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George W. reveals his true colors

Wichita bankruptcy attorneys brace for impact of proposed legislation

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Gildan hands over bankrupt Fruit of the Loom's secrets
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Arthur Andersen settles Sunbeam earnings lawsuit
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Gerald Stevens: Rolled over by a rollup

San Jose, Calif.-Area Bankruptcies Increase as Economy Slows
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Washington, D.C., More Companies Drop Out of Sight After Turning In Poor Performances
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Boston: More tech companies join list of bankruptcy filings 

 

  Telecoms:

NTL 'most likely' telecom-related company to go bankrupt
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Telscape files for Ch. 11 bankruptcy; chair, CEO resigns
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Lede brothers, staff split $1B windfall on 360networks stock sales
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Vendor financing shows more risk than reward
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Crunch time for the US telecoms industry: With cash resources dwindling, a shake-out now looks inevitable in the sector
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Winstar: The Debacle for Our Era
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Economy:

Recession? We don't have no stinkin' recession
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Long Island Law Firm Forms Turnaround Company To Throw Life Preserver To Troubled Businesses
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Shop Talk: LTV  

American Appliance Files for Chapter 11 Bankruptcy
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Lernout & Hauspie:

Lernout's 2 founders arrested
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L&H founders in jail for alleged fraud - Another $100 million in declared income fictitious
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Lernout to explore selling most assets
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Dotcoms:

The residual value to be found in dying dot-coms is often lost because most bankruptcy experts do not really understand the nature of the businesses involved
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MarchFirst workers are owed millions
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Dot-com bombed? A lesson in bankruptcy

On a click and a prayer / 6 dot-com CEOs reflect on their wild rides  

Quokka in bankruptcy plea, assets to be sold

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Philadelphia: Computer reseller, Computer Personalities Systems, files bankruptcy

St. Louis: Omniplex pushes for sale after filing for bankruptcy

 

New Bankruptcy Opinions
(No new opinions today)

UK Law Firm, Allen & Overy, Hires Two Cadwalader Attoneys To Start US Bankruptcy Practice
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Houston: Prestigious bankruptcy firm breaks up

Bankruptcy court judge’s seat goes to attorney Mary Ann Whipple
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Manx banker turns informer for US organised crime trials  

New Service Lets Consumers Learn Credit Score
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Steel Plant to Close in June; More Than 200 to Lose Jobs
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Credit card debt rises despite slow economy

Richland, Wash., High-Tech Waste Facility May File for Bankruptcy
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Judge assails 'excuses' of Microworkz owner, denies bankruptcy relief
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Slowdown socks service firms
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In 6 hour bankruptcy auction, Firm bids $9.3 million for Krigel's Jewelers

England:

Could it be time to call your lawyer? - As fears grow about the economy, directors need to know what to do if they find their company ailing
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Mexico:

Mexico Congress OKs first financial reform measures
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Canada:

Canadians now devote more of their paycheque to servicing debt than do Americans
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Japan:

New Sogo seeks transformation from within
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Germany:

Experts forecasting wave of bankruptcies in Germany's telecoms market
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