August 10, 2001  

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

Also available on the Web (with links to the news stories)  at: http://bkinformation.com/News/DailyNews.htm

Prior editions available at http://bkinformation.com/bankruptcy_news.htm

         
Telecoms:

NextWave: The strange case of the unused spectrum
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PSINet prepares bankruptcy auction
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Telecom capital spending to weaken further
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This Ricochet Will Never Return

The revenge of the Baby Bells - The phone giants are thumping the start-ups
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Wireless Wasteland Is Set To Widen - Or Is There Hope?
(WSJ: separate paid subscription required)

When DSL Stands for Darn Shaky Link

Five signs of a telecom bottom
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New Ways for NextWave?
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NextWave to press ahead with network despite fight
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Rhythms nears end as 750 layoffs loom
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Mpower countersues Fir Tree
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Telecoms' Rout May Hit Firms They Hire

8 Lessons from the Telecom Mess

Ailing telecom firm sells name list
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Economy still weak, Fed survey says - No evidence of a rebound
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Stage Stores' bankruptcy plan approved
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Honolulu: Bankruptcy judge King retires next year
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Economy poor and getting poorer
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Baptist Foundation: Thousands of investors put faith in the wrong
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Laidlaw Has Final Court Approval Of $200M DIP Loan
(WSJ: separate paid subscription required)

Deadline to submit Stevens Financial Group claims set
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Bridge:

Bridge Info Sys To Close Global News Ops In Weeks
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Dow Jones wins bidding for Bridge assets, to pay 6.5 mln USD for contracts
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Trade Finance is Changing. Banks Have to Change with It
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HomeLife Furniture to Issue Refunds to Some Furniture Buyers
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Continental Basketball Association to Return This November
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Hawaii: Sia’s wine collection goes to bankruptcy auction
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Investigators focus on $250,000 in mysterious payments made by SunCruz
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Bankruptcy Judge Rejects Auction of Charleston, S.C.-Area Rubber Company
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Holders of Washington Group shares unite to fight
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Memphis, Tenn., Bankruptcy Judge Sets Trial Date in Home Builders' Case
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Pa. Wins Control of Reliance's Out-of-State Statutory Deposits
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  Delaware: Patton pending
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Bankruptcy Reform:

Biden expected to back bankruptcy bill
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White House Letter to Conferees
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Polaroid:

Polaroid SEC filing raises doubts on viability
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Bondholders hold Polaroid's last shot
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Polaroid sustains latest setback as auditor questions its future
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Bankruptcy concerns push Polaroid stock price lower
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Living in leaner times - for investment bankers, greed is no longer good
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Payless Cashways shareholders seek voice in reorganization
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Dotcoms:

Bankruptcy Lessons From E.spire's GC
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Acquisition binge sinks BuildNet
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Empty Sites Echo Hollow Hope of Web Hosting Firms
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The Fine Line of Failure
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Scoot selling Loot to avoid bankruptcy
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NetRail derailed

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Hoping to shed debt, Moltech waits for bankruptcy court OK
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Power Utilities:

Developments in California's energy crisis
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Downgrading Edison International

Duke Energy's Prices Rise in California
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California Utilities, Watchdogs Attack DWR's Rate-Setting Plan 

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GRG, Inc., Files Chapter 11 Petition
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SunTrust Sees $30M 3Q Expense For Failed Wachovia Deal
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Comdisco:

Bidding only just begun for Comdisco unit
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Hewlett-Packard Faces Rivals in Bid for Bankrupt Computer Services
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Comdisco Had To Make Tough Decisions on Way Through Bankruptcy
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Comdisco Receives Court Approval of Bidding Procedures for Sale of Availability Solutions to Hewlett-Packard
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SunGard bids for Comdisco's computer services unit
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Tristar:

Chapter 11 makes 'scents' for firm
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Tristar Corp. Files For Chapter 11 Bankruptcy
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

In Bid to Slash Costs, Wilson Sonsini Cuts Advance Bonus
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A cat fight: Michigan bankruptcy judge forces prosecutor to drop charges
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Buyout firms want Fruit of the Loom
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Ailing Venture Capitalists
Turn to Health-Care Deals
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Cool Economy Heats Debt Sales
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Preferred bidder for Regent tapped - Judge selects Maritz, Wolff & Co.'s offer as top preliminary offer for bankrupt Summerlin resort
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Steel:

Edgewater Steel is in Chapter 11
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American Greetings Announces Completion of Debt Refinancing
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49er Redux: Banks Stampede To Join the Sun Belt Gold Rush

Canada:

Rival bid for bankrupt Canadian ski resorts emerges
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To the highest bidder ... Assets of Charles Sirois's bankrupt ESP Media are sold at auction
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Staff face layoffs as BiWay stores close
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Bi-Way plans discounted
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Dylex insolvent again, U.S. buyer reported nixing Bi-Way dollar store plan
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Fears arise for Fairweather's survival: BiWay already shut amid Dylex turmoil
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Dylex abandons plans to convert BiWay
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Interim receiver appointed to Norigen
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Korea:

KERI calls for setup of bankruptcy court
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France:

France Soir threatened with bankruptcy
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England:

Demand for inquiry into insolvencies
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Top Insurers Are Facing Pounds 200m Independent Bill
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India:

Delink insolvency provisions from company law
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Germany:

Firstmark GmbH Files for Insolvency
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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 

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