August 22, 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

         
Textbook Cases of Bankruptcy
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Movie Theater Industry:

Vacant Metro movie theaters recycled
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Regal Cinemas retreats from New York
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Fed Pares Key Rate to 7-Year Low
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Dotcoms:

Letsbuyit sues rogue investor - If we all sue together will it be cheaper?
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Labor issues compound dot-com woe
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Creditors File Involuntary Chap 7 Against Qode.com Inc.
(WSJ: separate paid subscription required)

E-Commerce Firms Seek Tenants
To Take Over Empty Storage Space
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Dot-Com Experts Speak about Economic Downturn
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Bye Bye, E-tail Darlings
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Letting Consumers Know the Score - The secrecy surrounding consumer credit scores is a thing of the past

Debt too much for state Sheriffs' Association, files Ch. 11
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Gerald Stevens expects to cut store locations by half
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Derby Cycle Ch 11 Lists Assets At $162M, Debts At $207M
(WSJ: separate paid subscription required)

Restructuring . . .

AOL to cut hundreds of workers
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Loewen insists it's on track
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Law Firm Ruled Not Debt Collector Under Federal Law
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Avteam to liquidate because of overhead
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EnvisioNet:

Alorica Snaps Up EnvisioNet in Bankruptcy Auction
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EnvisioNet buyer offers Maine hope
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Bankrupt? Tampa firm had no idea
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E-M:

Bankrupt E-M in talks to sell two plants
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E-M-Solutions plant on block
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Polaroid Banks on New Inventions
To Help Keep It From Bankruptcy
(WSJ: separate paid subscription required)

Ames:

Ames Secures Approval of First-Day Motions to Support Reorganization Filing
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Ames Dept: Initial Bankruptcy Motions Granted
(WSJ: separate paid subscription required)

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Randy Jackson of Jackson 5 admits to bankruptcy fraud
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Gatien:

Bankruptcy Judge Denies Bid by Owner to Select Team to Run Club
(NYT: separate free registration required)

Gatien: Looks Like End Of Tunnel
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Tidel posts loss, fails to meet credit covenants
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Concord Hotel bankruptcy moves toward completion
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Final 6 Furrs Stores To Close; 293 To Lose Jobs

Greenwood's creditors may go unpaid - Bankruptcy trustee says the ex-financier from Blackhawk has only a few hundred thousand dollars in assets
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  Power Utilities:

Firms Line Up to Get Legal Fees From PG&E
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Davis working to save Edison deal with Legislature
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Leaders agree on rescue plan for SoCal Edison
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Little progress in power crisis
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Davis says he has Assembly on board for Edison rescue
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Edison Would Get $2.9 Billion to Pay Debts Under California Rescue Plan
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SoCal Edison mum on proposed plan
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Calif Gov: Assembly's SoCal Ed Bill May Be Unveiled Wed
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On California stage, a cautionary tale
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Calif. Gov. Davis backs new SCE rescue package
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Developments in California's energy crisis
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Calif. regulators delay vote on power plan
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PG&E asks court to force state to open power records to public
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Should Wall Street bet on Calif. crisis?
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RailWorks executives call it quits - 2nd-quarter loss violates the terms of its bank loans; Chairman, president resign
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Sinking Schwinn hopes it can keep fitness division
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How one disputed insurance claim may mean bankruptcy in Indonesia
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Manulife's Indonesian unit faces lawsuit, possible bankruptcy: Case closely watched
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Yonkers Home Health Agency Bankrupt
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Court gives TWA liquidators full access to documents
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EnvisioNet jobs expected to stay in Maine, but no guarantee
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Outboard Marine Ch 11 Case Converted To Ch 7 Liquidation
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Court Denies Safety-Kleen Motion To Move Laidlaw Case
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Prime Retail will focus on paying debt
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Banks wary of lending - Late payments and defaults rise as economy dips

Sale of Foster & Gallagher is delayed until Sept. 7
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Wolf Camera:

Wolf Camera sale pending, sources say

Alpharetta, Ga.-Based Photo Retailer Won't Address Buyout Speculation
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Mbrane files for Chapter 11
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Horizon Pharmacies Files for Chapter 11, Will Sell Off Pharmacy Operations
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Wheeling, dealing Vegas company in bankruptcy
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Creditors try forcing Laughlin developer into bankruptcy
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Midway Airlines:

Midway Employees Stunned by Late-Night Layoff Calls
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Midway kept bankruptcy plans under wraps
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________________

Digital Commerce Seeks Bankruptcy Protection
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SunCruz: Boulis' widow charges forgery - Says signatures on two mortgages are not hers
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Bankruptcy Reform:

Forgive Them Their Debts?
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Special Interests Plan To Carve Up Bankruptcy Bill

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Finova:

Finova Group Inc.: Berkadia's $5.6 billion loan will be used to pay creditors
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Finova emerges from Chapter 11 protection after borrowing $5.6 billion
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Telecoms:

NextWave: From Bankrupt to Flush
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UBS Warburg backs NextWave
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NextWave Scores $2.5B Bailout from UBS Warburg
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Lucent faces rocky restructuring road
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Telecom Companies Fail to Connect with High-Speed Internet Services
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Covad Submits Chapter 11 Reorganization Petition to Eliminate $1.4 Billion Debt
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AT&T Unit At Home Sees No Halt in Net Access If Bankruptcy
(DBN Subscription Required) (NYT: separate free registration required)

UBS Warburg to Fund NextWave
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Audit Raises Hard Questions About Health of At Home
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Cox Mum On Possible Loss Of ISP Partner At Home Corp
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Excite At Home's Operating Fears
Resonate With Concerned Users
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Creditors File Involuntary Chap 7 Against Neomedia Unit
(WSJ: separate paid subscription required)

Baldwin buys time in financing deal
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RangeStar nears sale of assets to avoid bankruptcy
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Steel:

LTV finds buyer for VP buildings
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LTV's July loss not as big as in June
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Edgewater Steel Says Third Bankruptcy Its Final Act
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Geneva Survival In Doubt
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George Young:

Creditors seek to force cattleman into bankruptcy to recoup millions
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Missing-Cow Mystery Mounts
As the Facts Are Chewed Over
(WSJ: separate paid subscription required)

Legal woes pile up for Young
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Investors in Iowa Cattle Operation Scramble for Answers
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Canada:

Court names law firm to represent 3,400 former BiWay employees
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Hong Kong:

Hong Kong tackles bankruptcy surge
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Banks seek action on credit defaults
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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.