August 30, 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 Reform:

Bankruptcy conference
(DBN Subscription Required) 

Counseling Requirement in Bankruptcy Bill May Discourage Filings

Pending bankruptcy legislation would protect IRAs
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Gray Cary Puts Hold on Pay Hikes, Partner Vote
(DBN Subscription Required)

Bankruptcy Judge Tosses Beatle's $11 Million Lawsuit - Charges Ex-Beatle Faked His Life-Threatening Illness To "Fool" The Court
(DBN Subscription Required)

George Young:

Ohio co-op says it lost millions
(DBN Subscription Required)

Partner of cattle trader asks for court oversight
(DBN Subscription Required)

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Imperial Sugar Company Plan of Reorganization Becomes Effective
(DBN Subscription Required)

Something Ventured: VCs Hit By IPO-Related Litigation
(WSJ: separate paid subscription required)

National gets extension on letter of credit with Harrah's - Airline making progress with prospective investors, official says
(DBN Subscription Required)

Movie Theaters:

Edwards reorganization plan approved
(DBN Subscription Required)

Edwards Reorganization Gives Reins to Anschutz
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RBX:

RBX exits eight-month Chapter 11 stay
(DBN Subscription Required)

RBX Corp. Emerges From Chapter 11 Bankruptcy Protection
(WSJ: separate paid subscription required)

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Infu-Tech:

Infu-Tech, Inc. Announces That Its Principal Operating Subsidiary Files for Bankruptcy Protection
(DBN Subscription Required)

Infu-Tech Unit Files for Bankruptcy Protection
(WSJ: separate paid subscription required)

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EnvisioNet: Winning bidder named Microdyne tapped; Alorica bows out
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Tax Collectors, Unions Object to Furrs Supermarkets' Liquidation Plan
(DBN Subscription Required)

Judge approves preliminary class-action in hip replacement settlement
(DBN Subscription Required)

Former Executive at Failed Southfield, Mich., Mortgage Firm Faces Fraud Charge
(DBN Subscription Required)

As Docs Are Stretched For Cash Is Medical Select Management Bankruptcy Impacting Medical Fee Insurance Rates?
(DBN Subscription Required)

Md. Computer Company Files for Bankruptcy

U.S. Regulators Clears Bridge Assets Bid
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Boulder, Colo.-Based Bike Maker Schwinn Working on Employee Retention Plan
(DBN Subscription Required)  

  Washington Group:

Examiner's report fuels Raytheon-WGI dispute
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Raytheon says court examiners' findings support claims of Washington Group's management problems; WGI disagrees
(DBN Subscription Required)

WGI plan hit from all sides - Large creditor, judge, trustee express doubts
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WGI, Raytheon both claim vindication in report
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Meeting of the Judicial Conference Advisory Committees on Rules of Bankruptcy, Civil, and Criminal Procedure
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Deconstruction of Payless is under way
(DBN Subscription Required)

LTV:

Rejected suitor blocks LTV unit sale
(DBN Subscription Required)

Judge to review sale of LTV unit
(DBN Subscription Required)

Steelworkers' vote favors new contract - Deal helps financially troubled LTV emerge from bankruptcy
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LTV contract OK'd by almost 9 to 1
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Why REITs Keep Defying Gravity
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Steel Company's Bankruptcy May Leave Former St. Louis Workers Uninsured
(DBN Subscription Required)

Florimex attracts only one bidder
(DBN Subscription Required)

Armstrong World Asbestos Property Damage Issue A Growing Dispute
(WSJ: separate paid subscription required)

Dotcoms:

Dot.com crash squeezes top insurer
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The Fast and Furious Rise and Fall of the Industry Standard
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Fry's resumes talks with Cyberian Outpost
(DBN Subscription Required)

Sarasota Net provider declares bankruptcy 

An E-Commerce Proverb: If You Snooze, You Flooz
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Final Cut For Whoopi As Online Firm Goes Bankrupt
(DBN Subscription Required)

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Brennans may turn over offshore cash to courts

Credit-Card Companies Take Hit For Charge-Offs
(WSJ: separate paid subscription required)

U.S. Wireless:

U.S. Wireless Corp. files for bankruptcy
(DBN Subscription Required)

U.S. Wireless Corp says files for Chapter 11
(DBN Subscription Required)

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Aladdin Casino: Default occurs, but talks continue
(DBN Subscription Required)

Lernout & Hauspie, Units File Ch 11 Reorganization Plan
(WSJ: separate paid subscription required)

Conn. firm set to get Shuttle America

 

 

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
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Firms Quietly Lose Lawyer Weight
(DBN Subscription Required)

Power Utilities:

SoCal Edison Rescue Plan Clears Key Hurdle
(DBN Subscription Required)

Calif GOP Member Helps SoCal Ed Rescue Through Committee
(WSJ: separate paid subscription required)

Assembly OKs bailout plan for Edison - Consumer advocates say costly bailout would be a disaster
(DBN Subscription Required)

Assembly committee approves Edison deal
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Assembly delays vote on Edison rescue again
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Edison bailout plan is oddest piece of legislation in recent memory
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Stakes high in final push for Edison rescue plan
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Telecoms:

NextWave Not Off The Hook ... Yet
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Mack the knight eyes Excite
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Williams telecom stock takes plunge - "could be another of those companies who won't make it"
(DBN Subscription Required)

Desperate Metromedia caves in to bondholders
(DBN Subscription Required)

________________

Argentina:

Motormaker to file bankruptcy
(DBN Subscription Required)

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Japan:

Bad loans spell bad news for Koizumi

Regulators Admit That Japanese Banks
Will Be Slow to Relieve Bad-Loan Burden
(WSJ: separate paid subscription required)

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England:

Bankrupts and their pensions
(DBN Subscription Required)

Bankruptcy And Suicide The Hidden Cost Of Pounds 5bn Farm Virus
(DBN Subscription Required)

No offers at £1.25m
(DBN Subscription Required)

The Millennium Drain: Empty Dome Is Still Taking At Least Pounds 600,000 A Month From Public Funds
(DBN Subscription Required)

CityReach collapse
(DBN Subscription Required)

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Canada:

Closure of Algoma Steel would cost Sault Ste. Marie 6,165 jobs
(DBN Subscription Required)

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Korea:

Nationalization ruled out for Daewoo Motor
(DBN Subscription Required)

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