August 15, 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

         
Sears' bankruptcy/reaff woes fodder for ex-CEO's book
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All Major Asbestos Makers Face Bankruptcy
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Telecoms:

Verizon Off the Hook in NorthPoint Suit Over Canceled Merger
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Metromedia plans pullback as deadline looms
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Rhythms to cease services in September
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Lifelines Offered To Rhythms Customers
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Avid Fans of Ricochet Hope to Find
Savior For Wireless Internet Service
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Five Years after Passage, Competitive Promise of Telecom Act Taking Hold
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VelocityHSI Announces Asset Purchase Agreement - Intends to File for Bankruptcy Protection
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Metricom fire sale this week
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Restructuring . . .

Tyco to Cut 11,300 Jobs, Close Plan
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Globalstar to cut staff by 50% in restructuring

Citigroup to Cut 3,000 Jobs
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Hart Realty:

Denhart files bankruptcy; residents unaffected
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Beleaguered landlord strikes deal
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U.S. Bankruptcy Court Preliminarily Approves Interim Financing Sought by Krause's Furniture Under Chapter 11 of the Bankruptcy Code
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Golden Books:

Random House comes up Golden
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Battered Golden Books' Bankruptcy
Is a Sweetheart Deal for CEO Snyder
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Whoever gets Golden Books, Snyder scores
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Dotcoms:

New economy: Life payout for Webvan chief
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Razorfish revenues decline sharply
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A Black Hole in Cyberspace
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Steel:

LTV shareholders put up a fight
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US Steel to close mill due to poor market conditions

USX-U.S. Steel Plans to Cut 600 Jobs,
Close Mill, Take Charge in 2nd Half
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SunCruz thrives despite reputation
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  Power Utilities:

SoCal Edison running out of options
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Edison says it needs action on bailout soon
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SoCalEd deadline arrives with no deal
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SoCalEd Debt Raises Specter of Bankruptcy
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Energy crunch creates a gusher for law firms
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Edison Hangs Hopes on Sacramento
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Edison unit debt pegged at $3.3 billion
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California Now Faces Expensive Electricity Glut
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California Power Glut Makes for Energy Buys
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Davis' Energy Buyers: 'They Haven't a Clue'
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What Clients Think of Law Firm Web Sites
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FutureLink files for bankruptcy protection
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The Slowdown is Slowing Down
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Thomas loaned more than $109 million to Wilkinson
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Weiner's Stores Gets Court OK For Lease Sales, Auction
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Midway Air Chapter 11 Not Seen To Have Wide Implications
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New accord releases $7.5m in cash to Polaroid - But bankers gain more control over firm's borrowing, spending
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Carmike Cinemas Seeks Nod To Assume Pact With Fandango

Friede Goldman Halter optimistic despite $9.2M loss
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Court OKs $9M Retention Plan For Integrated Health Execs
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Safety-Kleen Announces New Chairman, CEO and President
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Caliber Learning to Sell Substantially All of Its Business Assets
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Bankrupt Snyder lands DIP loan
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Cleveland: Bankrupt treasurer pays little on own debt
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New Rules Coming On Web Access To Court Files
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Is US Economy Unbalanced, Posing Greater Interest-Rate Risk? 

Matlack Selling Off Assets, Fading Away
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Privacy and FDCPA update
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For Airlines, a Summer of Both Ups and Downs
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Dallas: Vision Communication Services files for bankruptcy

 

New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Midway Airlines:

Midway Airlines crashes into bankruptcy
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Midway Files For Bankruptcy, Halves Workforce
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Midway Airlines bankruptcy leaves passengers, workers scrambling
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Maxicare Health Plans Inc. Announces Sales Agreements, Subject to Bankruptcy Court Approval
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Baldwin haggles financing, again
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Hotel Syracuse, Inc. Files for Chapter 11
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Korea:

Daewoo Motor sales collapse
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KDI Analysts Warn of Virtual Bankruptcy of Deposit Insurance
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Mexico:

Autlan Denies Bankruptcy Reports
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Africa:

Africa to Reorganize Air Afrique
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Africa Gives Up Control of Airline
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Canada:

Lawsuits threaten existence of institutions like Anglican Church
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England:

'Holocaust denier' misses legal payment, bankruptcy possible
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France:

The spectre of bankruptcy fades at "France Soir"
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Hong Kong:

HKMA Calls On Banks To Tighten Credit Card Policies
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Japan:

Fear grows of Japanese recession
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Bank of Japan Downgrades View on Economy
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Scotland:

Insolvencies on decline
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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.