August 2, 2001 Daily Bankruptcy News

August 2, 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

The Am Law Second Hundred: While the Rich Get Richer (DBN Subscription Required) US and British Insolvency Systems Moving Closer To Each Other (DBN Subscription Required) Extent of Heller Financial-GE Job Cuts Unknown (DBN Subscription Required) Staying the Course on Salary - Firms' starting pay levels off after years of sharp increases (DBN Subscription Required) Steel: Renaissance Partners Leads Formation of Coalition to Restart CSC, Ltd. (DBN Subscription Required) Potential buyer could end CSC Ltd. bankruptcy (DBN Subscription Required) ______________ Homeland: Homeland files papers to reorganize (DBN Subscription Required) Homeland Stores, parent company file for Chapter 11 reorganization (DBN Subscription Required) Homeland Hldg, Unit File For Chap 11 Bankruptcy (WSJ: separate paid subscription required) ________________ Halo: HALO Industries Receives Court Approval on All First Day Motions (DBN Subscription Required) Broken Ha-Lo's next move is eyed by many (DBN Subscription Required) ________________ MicroAge ceases to exist (DBN Subscription Required) Telecoms: Is Sprint Eyeing Winstar's Assets? (DBN Subscription Required) Citicorp gives Metromedia more time, again (DBN Subscription Required) ______________ L&H Receives Higher Bid for Mendez in Auction (DBN Subscription Required) Standard Automotive Corporation Announces Receipt of Acceleration Notice under Senior Secured Facility (DBN Subscription Required) New York-Based Trust Denies British Firm's Claim of Deal for Aladdin Casino (DBN Subscription Required) Las Vegas timeshare operator hit with involuntary bankruptcy filing (DBN Subscription Required) Pacific Aerospace: Pacific Aerospace misses payment, has 30 days to restructure debt (DBN Subscription Required) Pacific Aerospace to miss interest payment, will seek aid of lenders (DBN Subscription Required) _______________ Winning Vendors Back Is Next Challenge For Payless Cashways (DBN Subscription Required) Bridge: 200 Bridge Jobs to Be Lost (DBN Subscription Required) Reuters Offers Jobs To 1,302 U.S. Bridge Info Employees (WSJ: separate paid subscription required) Judge Delays Ruling On Bridge Severance Packages (WSJ: separate paid subscription required) Reuters, Bridge settle suits against SunGard (DBN Subscription Required) _______________ Several giant-screen IMAX movie houses closing in California, Idaho, Texas (DBN Subscription Required) Creditors Request More Time to Examine Former Kentucky Governor's Finances (DBN Subscription Required) Creditors' try for BlueStar trustee denied (DBN Subscription Required)	Power Utilities: PG&E profits jump on one-time gain (DBN Subscription Required) PG&E numbers game - One-time rise in net income no help to utility's woes (DBN Subscription Required) PG&E Corp.: Filed-Rate Case Is Ready To Move Forward (WSJ: separate paid subscription required) PG&E Q2 opg EPS below analysts' forecasts due to California energy crisis (DBN Subscription Required) PG&E kept lobbyists busy (DBN Subscription Required) Bond adviser was cited by SEC (DBN Subscription Required) Energy companies spent $6 million-plus to influence state California governor raises far more money than rivals despite power crisis (DBN Subscription Required) Calif Gov Accepts Funds From Co He Hired,Sparking Debate (WSJ: separate paid subscription required) ______________ Creditor Fir Tree files suit against Mpower, alleging duty to creditors to stop incurring "massive losses" (DBN Subscription Required) Dotcoms: Pace of dot-com closures slows (DBN Subscription Required) Letsbuyit.com to decide future tomorrow; bankruptcy not ruled out (DBN Subscription Required) Online plant seller files for bankruptcy (DBN Subscription Required) Appeals Court upholds ruling against Microworkz.com chief (DBN Subscription Required) Pace of Web bankruptcies begins to slow: Worst may be over: 8% of Internet firms have folded since Jan. 2000 (DBN Subscription Required) Nasdaq halts trading of Internet Commerce & Communications (DBN Subscription Required) Webvan Wants Bankruptcy Crt To OK Plan To Keep Key Staff (WSJ: separate paid subscription required) ________________ Finova: Finova's losses keep coming (DBN Subscription Required) Finova Group Inc. - Net Loss Of $436.5 Million (DBN Subscription Required) _______________ HomeLife bankruptcy creates problem for customer (DBN Subscription Required) Biggest banks still charging larger fees, Fed survey finds (DBN Subscription Required) Animal-rights activists target US bank (DBN Subscription Required) Emeryville schools get state assist - Governor signs $2.3 million loan for bankrupt district (DBN Subscription Required) Judge to free bankruptcy fraud suspect until his trial (DBN Subscription Required) Grand Jury in Tampa, Fla., Investigates Investment Fund in Evergreen Fraud Case (DBN Subscription Required) Bankruptcy Reform: House names Conferees (scroll down) (DBN Subscription Required) _______________ Furrs Executives May Buy Leases (DBN Subscription Required) Houston-Based Chemical Company Makes Bankruptcy Deal (DBN Subscription Required) Joy Global, f/k/a Harnischfeger Industries, distributes $1 billion worth of stock VoiceFlash's Bristol Retails gets OK for DIP financing (DBN Subscription Required)	New Bankruptcy Opinions (No new opinions today) Bankruptcy Jobs Bankruptcy Court Web/Pacer Site Directory Last-Ditch Efforts - Struggling start-ups are resorting to a few nasty-sounding tools to stay afloat (DBN Subscription Required) S&P: Asbestos Claims Strain, Not Terminal to Insurance (DBN Subscription Required) Pacific Cycle wants to up Schwinn bike bid (DBN Subscription Required) Allegheny: SEC sues 3 auditors for Allegheny (DBN Subscription Required) SEC Sues Allegheny Health Auditors For Fraud (WSJ: separate paid subscription required) _______________ NJ seeks to drop charges against Brennan following federal sentencing for bankruptcy fraud (DBN Subscription Required) Payless Cashways, Inc. Announces Improving Vendor Support (DBN Subscription Required) Borden Chemicals and Plastics Limited Partnership Informs UST, OCC Of Financial Reporting Issues and Reporting Delay (DBN Subscription Required) Golden Books: Retirees of Golden Books fearful of losing coverage (DBN Subscription Required) Golden Books seeks happy ending with Random House (DBN Subscription Required) Court Delays Ruling On Golden Books, HarperCollins May Bid (WSJ: separate paid subscription required) ___________________ State puts Loewen under microscope (DBN Subscription Required) Parkstone Medical Information seeks Chapter 11 protection (DBN Subscription Required) Date Set for Auction of F&G Horticultural Titles (DBN Subscription Required) President Casinos looks for Broadwater extension (DBN Subscription Required) Hedstrom: Hedstrom emerges from bankruptcy (DBN Subscription Required) Hedstrom Emerges from Chapter 11 (DBN Subscription Required) ________________ Laid-Off Workers Are Striking Back (DBN Subscription Required) Kensington pursues Chapter 11 route (DBN Subscription Required) England: How do you draft a law for the better class of bankrupt? (DBN Subscription Required) Bankruptcy reform 'will not remove stigma' (DBN Subscription Required) Insolvency gloom deepens at Equitable Life (DBN Subscription Required) ______________ Russia: Russian Industry Ministry opposes bankruptcy of metallurgy combine (DBN Subscription Required) ________________ Hong Kong: Bankruptcies up a massive 77 % (DBN Subscription Required) ______________ Korea: GM offering $590 mln for most of Daewoo Motor (DBN Subscription Required) _____________ Weather Forecast: Enter City, State, or Zipcode: