August 16, 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

         
How Low Can They Go? - Drumbeat for layoffs grows as slowdown continues to idle associates, partners
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Baldwin:

Baldwin has plan to rebound
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Baldwin pursuing new plan to survive
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Telecoms:

Global TeleSystems may seek bankruptcy
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At Comm goes belly up
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Covad files pre-packaged bankruptcy
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Covad Submits Chapter 11 Reorganization Petition to Eliminate $1.4 Billion Debt; DSL Network and Customers Remain Unaffected
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Covad Files for Bankruptcy Protection
As Part of Deal With Its Bondholders
(WSJ: separate paid subscription required)

NextWave: Court Gives New Life to Bankrupt Wireless Firm
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Ricochet Network Lived Fast and Died Young
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Analysts say DSL shakeout not over yet
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Metromedia hurt as uncertainty persists
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Some Pagers Going Out As Bankrupt Preferred Networks Cuts Service
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Wavve Telecommunications, Inc. Files Chapter 11
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@Comm Files Chapter 11
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Sacramento: Wavve files for Chapter 11 protection

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American Homestar Announces Approval and Confirmation of Its Reorganization Plan
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Midway:

Midway's 'Appalling' Bankruptcy
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As Midway Airlines Retrenches, the Competition Intensifies
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Tech gloom hits US air jobs
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Can Midway survive?

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Bankrupt casino supplier forces Coast casinos to shop around
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State Bancorp Says Probed by U.S. Attorney
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Bridge employees await word on jobs
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San Antonio: Steakhouse owners in default, considering Chapter 11

Online Court Access:

Judicial committee proposes some Internet access to federal court records
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Know Your Neighbor's Court Case
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  Power Utilities:

Edison paints dire picture for utility
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Firms Line Up To Get Fees From PG&E - Howard Rice, Heller Lead Pack
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SoCal Edison rescue deadline passes without action
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Large creditor quits PG&E committee - Bank of New York cites a possible conflict of interest and resigns from group monitoring the utility's bankruptcy
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SEC Calif Probe Focuses On Key Consulting Firm
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Edison Warns Still on Brink of Bankruptcy With Billions in Debt
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Marriott to End Energy Surcharge
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Developments in California's energy crisis
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New evidence threatens SunCruz bankruptcy case
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FutureLink fighting to stay alive
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Hawaii: Park’s bankruptcy stalls city’s purchase
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Steel:

City Gives LTV Tax Breaks, $4.5 Million Loan
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Union urges calm among 4,000 Algoma Steel workers worried about layoffs
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Birmingham Steel Joliet plant to shut down

LTV Results May Not Meet DIP Loan EBITDA Covenants
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Market Technicals, Optimism Boost Steel Makers' Bonds
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Judge OKs Bridge, Reuters, SunGard poaching pact
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Heller Financial Launches First International, Web-Based Equipment Lease Transaction Platform

Egghead:

Fry's cooks up deal for Egghead.com
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Egghead to file for bankruptcy
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Egghead to Seek Chapter 11,
Sell Assets to Fry's Electronics
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Egghead.com to file for bankruptcy and sell Web site
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Mayfair Mills filing for bankruptcy
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Dotcoms:

Etera Wilts
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Webvan To Seek SEC OK To Stop Filing Quarterly Reports

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Kansas: Youthville seeks $6 million infusion - Foster care contractor tells legislators it's on the ropes
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Buffett's USG Stake still unchanged despite bankruptcy
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Asbestos:

Over 500,000 Claimants and $21 Billion and Counting
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USG Gypsum Unit Down To $76M In Insur For Asbestos Costs
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All Major Asbestos Makers Face Bankruptcy
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Store Closing Sales to Begin Tomorrow at 25 Krause's and Castro Furniture Locations
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Bank of America Plans to Exit Part
Of Auto, Home-Lending Businesses
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Newest Strip hotel-casino reports another loss
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Financial Problems Force Chain of Computer Camps to Close
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Golden Books:

Random, Classic to help Golden Books
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Random House, Classic Media win Golden Books bid
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Golden Books/Random House: Deal Valued At $155M
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OXIS International Reports Increased Losses, Changes in Second Quarter, Bankruptcy Possible
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Raytheon Sets Cost to Complete Massachusetts Power Plants at $633 Million; Estimate is well within previously disclosed range of liability
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Canada:

Public must pay church liability, conference told
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Cedara unit gets creditor protection
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Personal, corporate bankruptcies rise 1.3% over last year
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Most creditors OK Uniforet plan of arrangement
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Japan:

Japan recession is unavoidable, BoJ hints
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England:

Scandal of Easy Store Credit
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Korea:

Sale of Daewoo Motor Likely to Be Delayed
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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.