August 28, 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

         
Bankruptcy Bar's Quiet Boom
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Bankrupt Wehrenberg plans to pay unsecureds
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Lawyers Work to Prevent Suits Against Recent IPOs
(WSJ: separate paid subscription required)

Unsecured Creditors Can't Bank On Getting What's Owed Them, According To Turnaround Management Association Survey
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Lawyers Court Creditors in Midway Airlines Bankruptcy Case Committee Beauty Pageant
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National Airlines sees rescue deal by mid-October
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Specialist to run bankrupt Newport Creamery
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Firestone suit settled for less on bankruptcy concern
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Steel:

Hoping to avoid bankruptcy, Weirton Steel to restructure, cut hundreds of jobs
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Bankrupt Ames Has Loss of $26.4 Million
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Crown Resources:

Crown Resources - Will Not Make Debenture Principal and Interest Payment
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Crown Resources May Seek Chap 11 Bankruptcy Protection
(WSJ: separate paid subscription required)

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Dotcoms:

Flooz to File Bankruptcy; Victim of Credit Card Fraud
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Protest of failed dot-com draws few investors
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Battered Hosting Provider Goes On The Defensive
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The Industry Standard parent seeks bankruptcy protection
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Industry Standard's Final Public Offering
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Pillowtex wins court OK to sell assets of blanket division
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Tricon, AmeriServe Estate File Suit Against Burger King
(WSJ: separate paid subscription required)

Bankrupt Troy, N.Y.-Based Power Equipment Company Solicits Buyout Bids
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Study finds CEOs still getting big pay as more workers get the ax in sagging economy
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Bankruptcy recovery won't be easy for Stage Stores
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Schwinn:

Court Extends Authority for Schwinn/GT to Use Cash Collateral to September 14
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Schwinn lists retention outlays
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UAW Prepares Bid for Bankrupt Resort
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  Payless Cashways' `carrot-stick' financing motion criticized
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James Sprayegen: Willing to run through a brick wall
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One booming place: bankruptcy court - Economy slows; court's reputation spreads
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Anna Nicole:

Judge orders Anna Nicole Smith to testify in inheritance case
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Telecoms:

Teligent announces terms of asset sale
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NextWave Wins Another Round
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Teligent tries to coax bid from IDT
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Excite@Home financiers demand $50M
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Excite@Home lenders demand payment
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Covad files plan of reorganization
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@Home in jeopardy over demand for payment: Internet provider denies it breached terms of loan
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Excite creditors seek $50M - Two debt holders seek payment which may send firm into bankruptcy
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Debt Deadline Looms for At Home Internet Provider
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Road to nowhere: DSL Growth running on empty
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NextWave Scrambles To Beat Deadline
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Restructuring . . .

JP Morgan axes jobs as it seeks 20% cut in costs

Deere & Co. plans closures, will cut almost 2,000 jobs
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Toshiba slashes 17,000 jobs
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Honeywell to Lay Off About 690
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Washington Group shrinks chairman's involvement
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Banks Are Tightening Lending Standards To High-Tech Firms More Than Others
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Midway Airlines Lands Two-Week Reprieve
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Isolatek Wins Extension Of $9M Interim DIP Financing
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George Young:

Missouri Attorney General Acts to Prevent Movement of Suspect's Livestock
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Few grasp how cattle feeder went broke
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U.S. Federal Reserve Survey - Lending Restrictions Continue For Banks

Shreveport symphony board mulls bankruptcy
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Firms Calm Nerves in Cooley's Wake - Layoffs a Drag but Some Still Looking for Lawyers
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Power Utilities:

Utility's move to isolate assets raises controversy
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Edison Rescue Bill Could Limit Dividends to Shareholders
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Californians' Support For Edison Rescue Bill Weak
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Calif. Moves Closer to $12.5 Billion Energy Bond
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Assembly committee considers aid for Southern California Edison
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Watchdog group pledges to fight aid for Edison
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Developments in California's energy crisis
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Court Lets Panel Trade Comdisco Shares Under Trading Wall
(WSJ: separate paid subscription required)

Avery Communications, Inc. Announces Completion Of Bankruptcy Asset Purchase
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Canada:

U.S. retail magnate drove Dylex deal
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Russia:

30% of Bankruptcies Fraudulent?
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Reform overload?
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Japan:

'Third sector' bankruptcies surge
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Fuji Seiko files for bankruptcy
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Australia:

Tough GST regime pushing up bankruptcies
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Failed HIH may take years to pay claims
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Jail term over death of debtor
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England:

In Money Laundering Investigation, PaineWebber Pays Second Highest Fine Ever To FSA

_________________

Korea:

Creditors jittery over Hynix prospects
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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.