April 5, 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

         
ProMedCo Announces Chapter 11 Filing
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Bankruptcy Reform:

Bankruptcy bill seen "harsh" on small business
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'Compassion'--Another Fractured Fairy Tale
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Sealed Air Provides Update On Asbestos Stay/Injunction Proceedings In WR Grace Bankruptcy
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Bankruptcy and Your Board: 6 Rules to Remember
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Chicago Turnaround and Lending Professionals Preparing for Increased Workout Activity Through Joint Conference
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U.S. Bankruptcy Court Orders Auction Of Bottled Water Company
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RBX debt restructuring approved
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Zany Brainy's Troubles Deepen
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Ventas reduces debt balances
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Bankruptcy court approves some EToys asset sales
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TWA:

TWA Passengers Sue Over Cancelled Israel Flights
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Judge Denies Attempts To Stop Sale Of TWA; Deal Could Close Friday
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Economy:

Why Greenspan doesn’t matter anymore  

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Crown Vantage Files Motion to Sell St. Francisville Mill And Certain Related Assets
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Warnaco Struggling With Losses
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Henley Healthcare Announces Foreclosure Sale of U.S. Assets - Termination Of US Employees
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Truckcenter seeks Chapter 11 refuge
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Educational Store Chain Store of Knowledge Files for Bankruptcy
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Debt-Ridden Prandium Considers Bankruptcy
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Florida-Based Construction Company Basum Files for Chapter 11 Bankruptcy Protection
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Deliberations Begin in Bankruptcy Fraud Trial of a Financier
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  ASPs: Bad News Is — Bad News
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Worldtex to Pay Trade Creditors on Ordinary Terms, Including Prepetition Debt
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Power Utilities:

Probe of Utility Money Transfers Ordered
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Power Woes Affecting Calif. Economy
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California Lines Up $4.13 Bln Loans for Power Costs
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Calif. Power Regulator Sees No Need for More Hikes
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Calif. bill would set windfall profits tax on generators
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Tech, energy woes threaten Calif. economy
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Down in the Valley
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Kevco, Inc. Announces Agreement to Sell Duo-Form Division
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KKR struggles with Borden asset sale
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NYSE says stops trade in Borden Chemicals stock
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Imperial Home Decor Group Emerges From Chapter 11 Company Receives New Financing of $75 Million
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Borden Chemicals files for Chap. 11
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Claims in Donahue Securities case due by May
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Lasik:

Lasik Vision will go bankrupt, new owner says
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Deposits worth $10 million at stake in Lasik bankruptcy - Trustee besieged by callers in wake of firm's collapse
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Restructuring . . .

Akamai Sales Trail, Layoffs
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TheStreet.com to Lay Off 20% of Its Staff
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Visteon to Trim 1,800 Jobs Amid Slowdown
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Animal Rights Groups Wage War on Banks
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Friede Goldman says has not filed for bankruptcy
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Lernout & Hauspie to discuss future of Korean ops Friday
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New Bankruptcy Opinions
(2 new opinions today)

Telecoms:

Winstar bankruptcy looms

Bankruptcy rumors spark Lucent selloff
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WebLink, Metrocall begin paging creditors
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Globalstar Loses $3.8 Billion, Issues Bankruptcy Warning
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Telecommunications Equipment Maker Infinitec Networks Files for Bankruptcy
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Sonus is out of cash, company and subs file Ch. 11
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Pathnet Files For Bankruptcy
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Lucent shares fall as CFO denies bankruptcy rumors
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Globalstar Reveals Mounting Problems That Could Lead To Involuntary Bankruptcy
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DSL providers can't get a break
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Caught in NorthPoint's Black Hole
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Glut in Bandwidth Threatens Future of Some Fiber-Optic Firms
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With DSL providers fading, customers cringe
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PSINet sells unit for $277 mln, still sees cash crunch
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PSINet: Trampled by 'Dinosaurs'
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Rhythms CEO quits amid possible sale
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REAnet bankrupt
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Foreign Investors Own Bulk of Iridium
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Drowning in debt, it's SOS for PSINet 

How to avoid the next 'NorthPoint' disaster
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Bio-Plexus Files Voluntary Chapter 11 Petition
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Australia:

Bankruptcies Rise 25% In First Three Months of 2001
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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.