August 17, 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

         
Power Utilities:

PG&E legal challenge could delay $12.5 bln bond deal
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The Far West's Energy Worries Did Nothing to Dampen Debt
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Anna Nicole:

Smith shouldn't get a dime, judge rules - Unlike trial, final judgment is quick and quiet
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Zany Brainy:

The Right Start buys Zany Brainy assets
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California chain to buy Zany Brainy
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Chase Manhattan, Like Fleet, Sues Advanta Over Asset Purchase - Claims "Advanta fraudulently concealed significant losses"

Buyer's market hits homes
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Morgan Stanley warns reinsurers are under-reserved
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Dotcoms:

The Industry Standard suspends publication
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The undoing of an ASP pioneer
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Pentagon targets Stars and Stripes for the name
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Today's Special: Fry'd Egg
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Better spend those Beenz bucks--fast!
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'New Economy' magazine Industry Standard to file for bankruptcy
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Brunei: Amedeo auction rakes in $9m
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Bill Would Require Credit Score Disclosure

Midway:

Flying Into Chapter 11: What Fliers Need To Know
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Midway's Long-Term Outlook Hazy
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Midway Airline's Suppliers Remain Loyal, Hopeful
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In Bankruptcy, Midway Airlines Faces An Even Bumpier Ride
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Midway three months behind payments to RDU airport
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Raleigh, N.C., Airline Faces Bankruptcy, Oblivion
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CEO of Midway Airlines Acknowledges Big Challenges for Bankrupt Carrier
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AccuHealth, Inc. Files Bankruptcy
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Bowne says Belgian court OKs Mendez acquisition
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  Telecoms:

NextWave gets $300M commitment
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NextWave Chief Says Financing Almost Done
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Metricom auction going, going...gone
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Nextwave CEO: Co. Received Many Proposals For Spectrum
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Metricom auction features wireless licenses
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Bankruptcy Court OKs Telus Bid For PSINet Canada
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Wavve Telecom flows into Chapter 11
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Covad files pre-packaged bankruptcy
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Lucent deal with banks - must raise $5B to spin off Agere
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Debt and the Net
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Asbestos litigation felling firms, study shows
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Sarbanes Willing to Consider Preemption of Local Laws in Predatory Bill

Latelco Announces Intent to Liquidate in Chapter 11
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Former Travel Guild employees still in the dark
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AHERF ex-chief to defend self at trial

Accounting rule EITF 99-20 bleeds many US banks and corporates

CSC seeks sale of mill assets
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Ames:

Ames closing stores, eliminating 2,000 jobs, analyst predicts bankruptcy
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Glimcher Realty Trust Expects Limited Impact From Ames Stores Closings
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Playing Nasdaq Limbo -- How Low Can You Go
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Information Management Assoc Agrees To $16.5M Asset Sale
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Furrs:

Smith's, Albertson's Seek Nine Locations from Bankrupt Furrs
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Albuquerque, N.M.-Area Supermarkets' Landlords Say Sale Resulted in Confusion
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Providence, R.I.-Area Creamery's Creditors Sour on Management
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Milwaukee-Area TV Station's Programs to Stay Same despite Owner's Bankruptcy
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

USG:

What gives? USG shares rise after chapter 11 filing
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Chicago-Based USG Corp. to File Reorganization Plan to Pay Settlement Claims
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California-Based Chain to Buy Weiner's Stores in Texas
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Developer of Orlando, Fla., Pink Towers Sees Red
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Bankruptcy Court Settles Dispute Over Textbooks in Lexington, Ky., Area
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Hawaii: Sure Save reorganization plan approved
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Pillowtex is new challenge

Loewen bankruptcy hearing continues
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Australia:

Golden West Refining Corp. - Update on Creditor Position
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England:

Doubts About Claims Suitor
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Hong Kong:

Leading Hong Kong banker: "bankrupts no better than criminals"
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Canada:

Supplier will ask court to declare Dylex bankrupt and appoint receiver Friday
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Saco Smartvision creditors agree to a cash and shares settlement
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Korea:

Daewoo offers plan in case GM talks fail
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Germany:

Whirlwind from Japan heads for Germany: Christopher Flowers has generated a tough reputation through his no-nonsense handling of Shinsei's problem loans
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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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