August 29, 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

         
Telecoms:

UBS May Earn More Than $100 Mln in Fees From NextWave
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Questions surround At Home's woes
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Lender in 50M Bite on Excite
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Winstar's Future To Be Resolved This Year
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Comcast says it won’t feel Excite’s problems
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Liquidity shouldn't sink GT Group Telecom - Bank lenders among firm's biggest shareholders
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Payless:

Payless: Going Out of Business
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Payless Cashways to liquidate
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Payless Cashways probably will liquidate, in talks with lenders

________________

Judge throws out ex-Beatle Harrison's bid in bankruptcy
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Ruling by bankruptcy judge here could cost George Harrison $11 million
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This game of 'risk' has credit card rates soaring
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As Economy Falters, The Housing Market Remains Resilient
(WSJ: separate paid subscription required)

Opponents of hip replacement settlement appeal for more time
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Steelworkers firmly approve new agreement with LTV
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Court Confirms Drug Emporium's Reorganization Plan
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Detroit: City Council Candidate Dismisses Bankruptcy Case
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Foster & Gallagher paid out millions before closing - Payments made after Ellen Foster said company no longer a viable business
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Edwards repayment plan gets creditors' approval
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San Francisco Building Owner Blames
Bankruptcy on Lenders' Reluctance
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Ski Maker Volant Closes Colo. Plant, No Bankruptcy Plans
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Bankrupt Las Vegas Strip hotel seeks financing to avoid auction
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Gateway cuts one-fourth of global workforce
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Tiny airline, losing flight, finds buyer: Shuttle America hangs on until bankruptcy court OKs its rescue

MBTA manager claimed bankruptcy despite job
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GE tries to delay King Mill judgment - Company asks that workers' involuntary bankruptcy petition be removed from court 

 

  Virginia Courts Becoming a Venue of Choice for Large Bankruptcy Cases
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Washington Group:

Raytheon wants new lawsuit venue - Company says WGI bankruptcy related to case
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Raytheon's Statement On WGI's Bankruptcy Examiner's Report
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Report on WGI battled, suits 2 sides

Report: WGI Bungled Raytheon Bid
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Washington Group says Raytheon withdraws claims
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Court-Appointed Examiner Concludes RE&C Transaction was Direct Cause of Washington Group's Filing
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Garden Way: Bankruptcy leads to water rate feud
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Integrated Health, NM battle over facility
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Power Utilities:

Edison rescue won't require sale of lines
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Calif Lawmaker: '1 In 10' Chance SoCal Ed Rescue Passes
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SoCal Edison rescue bill still stuck in committee
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Analysts positive on California's PUC power bond plan
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PG&E's Power Bill May Go Up
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Stakes high in final push for Edison rescue plan
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Davis leaves Edison up the river without a paddle
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Calpine: Calif Contract Rev Includes $1.45B Peaker Use
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Shaver residents fight Edison bill
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PUC Wants PG&E Customers to Pay: The Panel Is Ready to Decide How to Bill Utilities for Energy the State Is Buying
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Lauderdale residents rally to save Sistrunk festival from bankruptcy
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EnvisioNet:

Backup Bid MicroDyne Wins Bidding War
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MicroDyne Bests Alorica In Bidding War For EnvisioNet
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Tech layoffs down, failures up
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Lawrence Group seeks to purchase lawsuit against KPMG

Service Merchandise adds $8.8M to bank from bankruptcy court ruling
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Kornreich sworn in as bankruptcy judge
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Ruling could be good news for ex-Spartan employees
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Dotcoms:

Theories swirl over Standard's fate
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Magazine's big creditors line up
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Tech giants feel pinch of Standard closure
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________________

Gold explorer Crown misses debt payment
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Owens Corning Gets Extension To File Chapter 11 Plan
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Aladdin Casino still in talks on debt
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Korea:

GM-Daewoo Deal Fading
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Foreign banks threaten to declare Hynix in default

______________

Canada:

Bankrupt Dylex to sell BiWay leases
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Mercurial judge taken off commercial cases: Justice James Farley presided over complex bankruptcies
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Sale of Dylex assets proceeds apace
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Former BiWay managers seek compensation: Work-related expenses
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Japan:

Japan's economic woes set stage for global slump
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Misery of the felled corporate warriors: Japan's unemployment has hit 3.3m. What can the country do for people promised jobs for life?
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Wanted: More Lawyers -- and Fast: A legion of aggressive attorneys would aid Japan's little guy, put corruption in the spotlight, and speed economic reform

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Taiwan:

Taiwan shipmaker in sink-or-swim restructuring
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New Zealand:

Insolvency Law Changes A Step Closer
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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.