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
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US and British Insolvency Systems Moving Closer To Each Other
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Extent of Heller Financial-GE Job Cuts Unknown
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Staying the Course on Salary - Firms' starting pay levels off after years of sharp increases
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Steel:

Renaissance Partners Leads Formation of Coalition to Restart CSC, Ltd.
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Potential buyer could end CSC Ltd. bankruptcy
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Homeland:

Homeland files papers to reorganize
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Homeland Stores, parent company file for Chapter 11 reorganization
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Homeland Hldg, Unit File For Chap 11 Bankruptcy
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Halo:

HALO Industries Receives Court Approval on All First Day Motions
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Broken Ha-Lo's next move is eyed by many
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MicroAge ceases to exist
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Telecoms:

Is Sprint Eyeing Winstar's Assets?
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Citicorp gives Metromedia more time, again
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L&H Receives Higher Bid for Mendez in Auction
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Standard Automotive Corporation Announces Receipt of Acceleration Notice under Senior Secured Facility
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New York-Based Trust Denies British Firm's Claim of Deal for Aladdin Casino
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Las Vegas timeshare operator hit with involuntary bankruptcy filing
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Pacific Aerospace:

Pacific Aerospace misses payment, has 30 days to restructure debt
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Pacific Aerospace to miss interest payment, will seek aid of lenders
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Winning Vendors Back Is Next Challenge For Payless Cashways
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Bridge:

200 Bridge Jobs to Be Lost
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Reuters Offers Jobs To 1,302 U.S. Bridge Info Employees
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Judge Delays Ruling On Bridge Severance Packages
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Reuters, Bridge settle suits against SunGard
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Several giant-screen IMAX movie houses closing in California, Idaho, Texas
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Creditors Request More Time to Examine Former Kentucky Governor's Finances
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Creditors' try for BlueStar trustee denied
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  Power Utilities:

PG&E profits jump on one-time gain
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PG&E numbers game - One-time rise in net income no help to utility's woes
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PG&E Corp.: Filed-Rate Case Is Ready To Move Forward
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PG&E Q2 opg EPS below analysts' forecasts due to California energy crisis
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PG&E kept lobbyists busy
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Bond adviser was cited by SEC
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Energy companies spent $6 million-plus to influence state

California governor raises far more money than rivals despite power crisis
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Calif Gov Accepts Funds From Co He Hired,Sparking Debate
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Creditor Fir Tree files suit against Mpower, alleging duty to creditors to stop incurring "massive losses"
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Dotcoms:

Pace of dot-com closures slows
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Letsbuyit.com to decide future tomorrow; bankruptcy not ruled out
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Online plant seller files for bankruptcy
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Appeals Court upholds ruling against Microworkz.com chief
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Pace of Web bankruptcies begins to slow: Worst may be over: 8% of Internet firms have folded since Jan. 2000
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Nasdaq halts trading of Internet Commerce & Communications
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Webvan Wants Bankruptcy Crt To OK Plan To Keep Key Staff
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Finova:

Finova's losses keep coming
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Finova Group Inc. - Net Loss Of $436.5 Million
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HomeLife bankruptcy creates problem for customer
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Biggest banks still charging larger fees, Fed survey finds
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Animal-rights activists target US bank
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Emeryville schools get state assist - Governor signs $2.3 million loan for bankrupt district
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Judge to free bankruptcy fraud suspect until his trial
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Grand Jury in Tampa, Fla., Investigates Investment Fund in Evergreen Fraud Case
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Bankruptcy Reform:

House names Conferees (scroll down)
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Furrs Executives May Buy Leases
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Houston-Based Chemical Company Makes Bankruptcy Deal
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Joy Global, f/k/a Harnischfeger Industries, distributes $1 billion worth of stock

VoiceFlash's Bristol Retails gets OK for DIP financing
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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
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S&P: Asbestos Claims Strain, Not Terminal to Insurance
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Pacific Cycle wants to up Schwinn bike bid
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Allegheny:

SEC sues 3 auditors for Allegheny
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SEC Sues Allegheny Health Auditors For Fraud
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NJ seeks to drop charges against Brennan following federal sentencing for bankruptcy fraud
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Payless Cashways, Inc. Announces Improving Vendor Support
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Borden Chemicals and Plastics Limited Partnership Informs UST, OCC Of Financial Reporting Issues and Reporting Delay
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Golden Books:

Retirees of Golden Books fearful of losing coverage
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Golden Books seeks happy ending with Random House
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Court Delays Ruling On Golden Books, HarperCollins May Bid
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State puts Loewen under microscope
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Parkstone Medical Information seeks Chapter 11 protection
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Date Set for Auction of F&G Horticultural Titles
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President Casinos looks for Broadwater extension
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Hedstrom:

Hedstrom emerges from bankruptcy
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Hedstrom Emerges from Chapter 11
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Laid-Off Workers Are Striking Back
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Kensington pursues Chapter 11 route
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England:

How do you draft a law for the better class of bankrupt?
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Bankruptcy reform 'will not remove stigma'
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Insolvency gloom deepens at Equitable Life
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Russia:

Russian Industry Ministry opposes bankruptcy of metallurgy combine
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Hong Kong:

Bankruptcies up a massive 77 %
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Korea:

GM offering $590 mln for most of Daewoo Motor
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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.