August 21, 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:

Edison sees power issue resolution
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Calif. races to agree on SoCalEd aid
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Calif Gov, Assembly Leader Reach Pact On SCE Rescue Plan
(WSJ: separate paid subscription required)

More Than Ever Is Spent on California Lobbying
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Saving Southern California Edison - Governor urges state lawmakers to put a bill on his desk that would help the giant utility avoid bankruptcy
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Lawmakers urged to protect Edison - Bankruptcy would force rate payers to cover debt, groups say
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Legislature Set for a Frenetic Session Finale
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Recruiting Roulette - Skadden: "We plan to ride out the downturn."
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Loewen:

Bankrupt Loewen faces plenty of litigation
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Loewen hopes to emerge from bankruptcy by end of year
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Court Continues Loewen's Disclosure Stmt Hearing To Sept. 4
(WSJ: separate paid subscription required)

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Derby Cycle:

Bicycle maker gets a flat
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Derby Cycle Files Chapter 11 Petition In Delaware
(WSJ: separate paid subscription required)

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Dotcoms:

Dot-coms are dead, but not forgotten, at stadiums
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Magazine meltdown - The inside story on how the Industry Standard went from boom to bust
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Silicon Valley charities struggle to fill high-end vacancies - Despite slow economy, job seekers turn up noses at lower salaries
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Losses hit venture funds: Dot-com fallout: 'IT expenditures are dropping like a stone'
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Webvanishing: grocer auctions off goods

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What went wrong at Bridge?
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EnvisioNet:

Alorica wins bid after nearly 11 hours
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Bidding war yields buyer for EnvisioNet
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George Young:

Des Moines: George Young creditors ask for bankruptcy
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Botched Cattle Deal Could Mean $100 Mln Lost
(WSJ: separate paid subscription required)

Investors Seek Involuntary Bankruptcy for Kansas City, Mo., Cattle-Buying Firm
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  Bankruptcy boom can be bust for corporate doctors
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Ames:

Ames enters bankruptcy checkout line
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Ames files Chapter 11
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Ames Dept Stores Files For Reorganization Under Chap 11

Ames takes Chapter 11 dive - Troubled discounter files with DIP credit in hand
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Ames Chapter 11 Filing Prompts Speculation On Leases
(WSJ: separate paid subscription required)

Nasdaq asks Ames for additional information
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World Commerce:

World Commerce declares bankruptcy
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WCO Announces Filing For Bankruptcy Protection Under Chapter 11
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Bankrupt Newport Creamery Plans More Cuts to Stay in Business
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Credit Card Issuers July Performance Shows Big Disparity
(WSJ: separate paid subscription required)

Defaults & Bankruptcy Filings Increase DIP Loan Issuance
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Telecoms:

Excite@Home's future in doubt
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Covad second-quarter loss narrows
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Metricom in talks with bidders - Company wants more time in sale of Ricochet assets
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DSL Dilemma Frustrates VARs -- Rhythms to shut down service; Covad prepares bankruptcy filing
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Struggling Nx Networks Plans Sell-Off
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Dot-com dungeon hell for Net access firm ExciteAtHome teeters on brink of extinction
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Covad Paid $13.4M To Bond Holders In Partial Settlement
(WSJ: separate paid subscription required)

Bankruptcy fears erode Excite share price
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Triton Network board approves liquidation plan
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Excite@Home survival chances dim
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NX Networks Again Warns It May Seek Bankruptcy
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Metromedia Fiber jumps after financing pact
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New FDIC Privacy Rule Could Pose Reputational Risks To Violating Banks

Kimco gets sweet deal for Wards
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Corporate Bond Defaults Continue Climb In July, But End May Be In Sight

Schottenstein Stores Buys Bugle Boy
In Attempt to Revive Has-Been Brand
(WSJ: separate paid subscription required)

 

New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Grove Worldwide officials testify in bankruptcy court
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United Shoe Machinery remnant can't support retirees
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Norfolk, Va.-Area Investment Firm, Radisson-Hotel Owner Files for Bankruptcy
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SEC Opposes Disbanding Panel For LTV Shareholders
(WSJ: separate paid subscription required)

Alabama: Chapter 7 bankruptcy filings on the rise

Securities Fraud Suits Break Record
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Failure as a Badge of Honor
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Vlinx's demise
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Steel:

Bankruptcy Hearing for Ohio Steel Mill Scheduled
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Bankrupt Wheeling-Pitt, union begin talks
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Miami-Area Aircraft Repair Station Avteam Is Liquidated
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Factory Card Withdraws Proposed Reorganization Plan
(WSJ: separate paid subscription required)

Former CEO Resurrects Indianapolis-Based Paul Harris Apparel Chain
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Slowdown Hits Subprime Credits

Charleston, S.C., Tour Boat Firm Plans Normal Schedule During Reorganization
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J.P. Morgan Chase to eliminate 8,000 jobs
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Cytomedix files for bankruptcy
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Washington Group, DTE to build $150 mln plant
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North Carolina Officials Want Bankrupt Airline to Pay Back Wages
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Scotland:

Tidal wave of debt
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Canada:

Court appoints advocate for Dylex workers
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Sable Technologies Files Chapter 11
(DBN Subscription Required)

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Hong Kong:

HKMA Says Bankruptcy Law Changes 'Difficult'
(WSJ: separate paid subscription required)

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Korea:

Korea's Inchon Oil Avoids Bankruptcy
(WSJ: separate paid subscription required)

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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.