August 23, 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

         
Amerijet:

Amerijet files for Chapter 11
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Airline seeks better plan
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Outboard Marine switches to Chapter 7
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Bankruptcy trustee lacks standing to sue law firms in Bennett investor fraud scheme
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Dotcoms:

Investors input $45 million; Agillion bankruptcy sale outputs $100,000
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Kick 'Em When They're Down - Silicon Valley's Usual CEO Excuses Don't Tell the Real Story
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Silicon Valley: Life in the slow lane
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Credit Card Woes Might Close Buy.com
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The Standard bought into a reality that isn’t here yet
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The Battle For Asset Protection $: Alaska, Delaware Trusts Growing, But Nevis They're Not
(WSJ: separate paid subscription required)

Ames Sees Niche Market As Key To Its Survival
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Midway Airlines Posts 2Q $7M Net Loss Vs $1.5M Net Profit
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Steel:

Bankrupt LTV raises cash through unit sale
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Restructuring Algoma Steel granted extension of creditor protection
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Hundreds at Weirton face layoffs

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Wilkinson lenders press case
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Morgan Lewis Faces Privilege Problem in Bank Layoffs - Plaintiffs succeed with crime-fraud exception
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Creditors of Former Kentucky Governor Look to His Sons
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OpTel Announces Creditor Committee Support For Reorganization
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Stellex Technologies, Inc. Announces Confirmation of Consolidated Plan Of Reorganization
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Schwinn bankruptcy moves along

M-Business Vendor in Chapter 11
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National Chains Snap Up Furrs Supermarket Locations in New Mexico
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Midway:

Midway cuts more jobs, will forgo some jets
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Midway ask court for OK to pay laid-off workers

Midway secures $15 million loan that will ease airline's plight
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  Power Utilities:

Bankruptcy would be worse
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Davis backs Edison rescue plan: The $2.9 billion proposal draws fire from many sides
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Scaled-Back Edison Bailout Plan Emerges
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Get Edison off crutches
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Developments in California's energy crisis
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Pacific Gas & Electric asks court for DWR hearing
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Denhart:

Cincinnati: Denhart to operate until end of month
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Land shifts for a landlord
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Midway Air Issues Going Concern Doubt
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Cargo company Atlas Air struggles during slowdown
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Number of workers laid off surges 44% in Q2
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Wolf Camera:

Wolf Camera sold to Ritz Camera for $84.7 million

Founder of Alpharetta, Ga.-Based Camera Firm Returns to Roots with Merger
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Warnaco to report wider second-quarter loss, restate its earnings for the past three years
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Bankrupt appliance chain's patrons notified
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Gerald Stevens to shed 63 locations
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Jakarta Court Rejects Lawsuit Against Manulife Unit
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Randy Jackson Admits to Bankruptcy Fraud
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Casual Male wins court OK for closing sales at 80 stores
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Baldwin:

Baldwin's financing amended
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Baldwin wins bankruptcy court approval to restart plants

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Finova emerges from bankruptcy
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Midwestern and Federal Agencies Try to Sort Out Cattle-Buying Scam
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Loewen Group receives court approval for Michigan cemetery transaction
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Regal Cinemas' Run Is Over
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Ringgold, Ga., Carpet Machine Maker Acquired at Bankruptcy Auction
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Telecoms:

AT&T May Let At Home File for Bankruptcy
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Excite sends auditor packing
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FCC Seeks to Delay NextWave Bankruptcy Court Plan
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NextWave continues to garner support
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A ninety billion dollar mistake: They built the backbone of the internet, and got it spectacularly wrong
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Excite At Home should have been more Continental
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Ailing 360networks hopes to sell huge `carrier hotel'
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Covad Pre-Negotiated Bankruptcy Plan Seen Likely Success
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Telecom real estate market sees vacancy rate slip, but it will not get better
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Despite Funding Success, NextWave's Spectrum Won't Be Used Anytime Soon
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Court OKs Winstar's $5M Settlement With Wam!Net
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Slowdown on High-Speed Express
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Level 3 Announces Bankruptcy Acquisition of Viatel Transatlantic Network Assets
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Excite@Home dismisses Ernst & Young as auditors

Excite defends auditing switch
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Web customers face uncertainty of failed services
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Canada:

Dollar store chains covet BiWay's store leases: 'We have had a number of strong offers,' says receiver
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Japan:

Sogo, Still Borrowing, Pays Debt Left Under Bankruptcy Plan
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Japan economic gloom deepens with jobs, trade data
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England:

Independent Insurance chief goes bankrupt
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Massive losses force fire sale at Baltimore Technology
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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.