August 14, 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

         
A Tough Guy for Tough Cases
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LTV creditors try to elbow out shareholders
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How to prevent another Heilig Meyers
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Bankruptcy Reform:

Staffers Prepare for Bankruptcy Conference

There's still time to file bankruptcy

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Telecoms:

Telecom gear makers scramble to cut costs
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NextWave: Radio-free America
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Telecom Start-Ups Finding Ways To Restructure Debt Loads
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NextWave: Wireless Static Rises
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Vulture Investing - Money managers are snapping up the debt of bankrupt telecom companies

Lucent's employees, investors see red
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$73M loss shakes Copper Mountain

Silicon Insights: The Death of Ricochet
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Covad's One Last Shot
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DSL Failures Illustrate Telecom Act Problems
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Winstar Communications Inc. could be a good buy for Sprint

Obstacles trip up high-speed phone lines
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LayerOne Prepares To Emerge From Quiet Bankruptcy
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Globalstar posts Q2 loss, slashes staff to 175
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Rhythms NetConnections to Close,
Leaving DSL Clients in the Lurch
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Seattle: Bankruptcy court orders Latmans to pay debts with personal property
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Why Chapter 11 can be a good thing
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Court Approves Showscan Entertainment Inc. Reorganization Plan
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Comdisco $168M in red - Reorganization May Spark Sell-Off
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Bankruptcy Judge OKs $3M Gatien Club Deal
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Plastic financing can have jagged edge

Rotech Medical draws financial buyers
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Real Estate Investors Should Temper Second-Half 2001 Expectations
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MCI calls Sylvan deadbeat

Sarbanes Asks For Predatory Lending Bill To Prevent Loan Flipping And Equity Stripping

Fed clears First Union, Wachovia deal
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Emery grounds fleet amid safety concerns
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Corporations pulling out of venture capital arena
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Court Grants STAR Telecommunications Until Oct. 12, 2001, to File a Plan of Reorganization
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Hart Realty:

Landlord's money woes affect OTR
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Cincinnati: Hart Realty files for Chapter 11

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  Hackers Break Into Bankruptcy Court RACER Records Site
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Midway Airlines:

Midway Airlines files for Chapter 11 bankruptcy
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Midway Air Files Bankruptcy, Cuts 700 Jobs, Trims Service
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Midway Airlines Announces Restructuring
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Cooley Godward Tops Vault List
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Auction of Assets of Brunei's Amadeo Offers Little Solace to Most Creditors
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No Surprise MagCorp Pleads Poverty in Waste Cleanup
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Aegis may face piecemeal auction
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Forget the Fed, save yourself: Confidence in Alan Greenspan has led consumers and businesses to rack up unsustainable levels of debt. But he can't hold off a major downturn forever
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Junk bond defaults leap higher in July
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Court Extends Deadline For Pillowtex Reorganization Plan
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Dotcoms:

Webvan shareholders feel the pain
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Billion-dollar dreams quietly fade away with Vlinx bankruptcy: Creditors mull offer to buy company assets for $205,000
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SunGard hunts for dot-com trophies
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Bankruptcy Judge Gives Impower Permission to Stay in Business
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Kids Computer Camp Crashes, Quits
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Webvan still trying to clean out garage
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Bad Business
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WebVan: A Bust For Shareholders
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Baldwin:

Baldwin renegotiates DIP financing
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Baldwin Chief: Layoffs Are Temporary
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Frank's Nursery: How Cypress Group stumbled in the buyout-fund derby
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Asbestos drills Crown Cork

Polaroid Borrows Time, Money from Banks
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CMBS Loan Losses Are Low, But Set To Rise
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Latin America Not Following U.S. Lead In Corp Defaults
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Laidlaw:

Laidlaw completes paperwork for financing
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Laidlaw Inc. Confirms New DIP Financing
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Collections Industry Veteran Richard Schultz Pleas Guilty to Hiding Income in Offshore Accounts

Kingfisher nears Woolworths spin-off
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North Carolina to use private collectors for tax debt
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The case for steel

Accounting firms seek new job designations

Links Group Plan Confirmed
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

The Ugly End of the Office Space Bubble
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Dealflow spiraling downward
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Power Utilities:

Developments in California's energy crisis
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Utility Lawyers Are in Demand
Thanks to U.S. Energy Crunch
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Texas-Based Energy Firm on Defensive in Gas Price-Fixing Case
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Gov. Davis names Freeman to head state power authority
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State drops grab for power lines in Edison bailout plan
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Citigroup Quits, Bank Curtails Seller-Financed Mortgages
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Raleigh/Durham: HomeMax feels sting, closes up

South Florida Aviation: More Turbulence Than Expected

England:

Rise in small firms battling with debt 

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France:

Air Afrique Unions Reject Air France Restructuring Plan
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Australia:

Skase? Blame the banks as well
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Canada:

Bid for Canadian ski resorts hits setback in court
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Next few weeks crucial for survival of women's clothing retailer Fairweather
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Dylex collapse followed payment of millions for Far East dollar-store goods
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Mexico:

Mexico's Savia could be sold to pay off debt-paper
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South Africa:

Corporate Law Faces a State Overhaul
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Germany:

Stunned Bayer regains senses
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Japan:

Bank of Japan further eases ultra-loose policy
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Japan bankruptcy debt falls 82.5% yr/yr in July
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Korea:

South Korean banks select 49 firms for liquidation
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GM, Daewoo talks drag on: GM leery of taking over the strife-torn Pupyong plant
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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.