April 30, 2001 Daily Bankruptcy News

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 (DBN Subscription Required) Power Utilities: PUC to Consider Bankruptcy-Filing Probe (DBN Subscription Required) Edison: FERC's Calif. power plan has big holes (DBN Subscription Required) Why Edison, PG&E split on strategy (DBN Subscription Required) While a Utility May Be Failing, Its Owner Is Not (DBN Subscription Required) PUC Not Ready to Concede Its Rate-Setting Authority to Judge (DBN Subscription Required) Utilities cash in on unfettered subsidies But in PG&E's case, investments might be challenged in bankruptcy court (DBN Subscription Required) Federal Caps Will Let Electric Costs Soar, Critics Say (DBN Subscription Required) Rescue consumers from utilities' grasp (DBN Subscription Required) Opportunity by candlelight California offers hard lessons in how best to introduce competitive energy trading (DBN Subscription Required) 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 (DBN Subscription Required) Bush Is Off to a Rocky Start in His Handling of All Things Californian _______________ Bankruptcy Reform: Staying Ahead: Ax will fall hard after bankruptcy law is signed (DBN Subscription Required) George W. reveals his true colors Wichita bankruptcy attorneys brace for impact of proposed legislation _____________ Gildan hands over bankrupt Fruit of the Loom's secrets (DBN Subscription Required) Arthur Andersen settles Sunbeam earnings lawsuit (DBN Subscription Required) Gerald Stevens: Rolled over by a rollup San Jose, Calif.-Area Bankruptcies Increase as Economy Slows (DBN Subscription Required) Washington, D.C., More Companies Drop Out of Sight After Turning In Poor Performances (DBN Subscription Required) Boston: More tech companies join list of bankruptcy filings	Telecoms: NTL 'most likely' telecom-related company to go bankrupt (DBN Subscription Required) Telscape files for Ch. 11 bankruptcy; chair, CEO resigns (DBN Subscription Required) Lede brothers, staff split $1B windfall on 360networks stock sales (DBN Subscription Required) Vendor financing shows more risk than reward (DBN Subscription Required) Crunch time for the US telecoms industry: With cash resources dwindling, a shake-out now looks inevitable in the sector (DBN Subscription Required) Winstar: The Debacle for Our Era (DBN Subscription Required) ________________ Economy: Recession? We don't have no stinkin' recession (DBN Subscription Required) ______________ Long Island Law Firm Forms Turnaround Company To Throw Life Preserver To Troubled Businesses (DBN Subscription Required) Shop Talk: LTV American Appliance Files for Chapter 11 Bankruptcy (DBN Subscription Required) Lernout & Hauspie: Lernout's 2 founders arrested (DBN Subscription Required) L&H founders in jail for alleged fraud - Another $100 million in declared income fictitious (DBN Subscription Required) Lernout to explore selling most assets (DBN Subscription Required) __________________ 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 (DBN Subscription Required) MarchFirst workers are owed millions (DBN Subscription Required) 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 ________________ 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 (DBN Subscription Required) Houston: Prestigious bankruptcy firm breaks up Bankruptcy court judge’s seat goes to attorney Mary Ann Whipple (DBN Subscription Required) Manx banker turns informer for US organised crime trials New Service Lets Consumers Learn Credit Score (DBN Subscription Required) Steel Plant to Close in June; More Than 200 to Lose Jobs (DBN Subscription Required) Credit card debt rises despite slow economy Richland, Wash., High-Tech Waste Facility May File for Bankruptcy (DBN Subscription Required) Judge assails 'excuses' of Microworkz owner, denies bankruptcy relief (DBN Subscription Required) Slowdown socks service firms (DBN Subscription Required) 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 (DBN Subscription Required) _____________ Mexico: Mexico Congress OKs first financial reform measures (DBN Subscription Required) _________________ Canada: Canadians now devote more of their paycheque to servicing debt than do Americans (DBN Subscription Required) ______________ Japan: New Sogo seeks transformation from within (DBN Subscription Required) _________________ Germany: Experts forecasting wave of bankruptcies in Germany's telecoms market (DBN Subscription Required) ________________ Weather Forecast: Enter City, State, or Zipcode: