August 31, 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

         
DelSoft Consulting Inc. Files for Bankruptcy Under Chapter 11
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EnvisioNet, buyer a good match
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Payday Loan Limits Start in Illinois, After Supreme Court Issues Opinion

Grim finale for Payless
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Citigroup Severs Ties to Brokers
(NYT: separate free registration required)

Telecoms:

NextWave: Wireless Bidders Petition FCC
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Excite@Home board meets as crucial loan deadline nears

Metromedia Fiber gets vendor financing
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Troubled Excite looks to AT&T for rescue
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U.S. Wireless Ch 11 Petition Lists $22.2M In Total Debts
(WSJ: separate paid subscription required)

Bankruptcy Reorganization Forces Teligent to Cut Service in San Antonio, Texas
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The Fiber-Optic "Glut" -- in a New Light

CCC GlobalCom Completes Bankruptcy Acquisition of Omniplex Communications Group
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AtHome shares rise on investment rumor
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Bay Area bucking trend of increasing bankruptcies
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Midway Airlines:

Judge's ruling protects Midway's cash from creditors
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Midway Airlines Places Hope in a Sleeker Fleet
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Restructuring . . .

Schwab to cut up to 2,400 employees, take charge
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Teleglobe slashes spending, 450 jobs
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Pacific Aerospace:

Pacific Aerospace won't meet grace-period deadline on interest payment

Pacific Aerospace Says Won't Pay Overdue Interest By Fri
(WSJ: separate paid subscription required)

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MCA:

4 charged in $105 million theft from investors - Mortgage company fraud case largest in state history
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Defunct mortgage company accused of defrauding investors of $105 million
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Subprime Loans & Poor Management Ruined Superior Bank

Shreveport Symphony puts off bankruptcy vote
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Flooring fight will shape Armstrong's future
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Court Confirms Platinum Entertainment's Chapter 11 Plan
(WSJ: separate paid subscription required)

Michael P. Coury Joins Farris Mathews Branan Bobango & Hellen

George Young:

Missouri Cattle Trader's Sons Stand By Dad against Disgruntled Investors
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2 Young-linked feedlots begin bankruptcy
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The Road Back From Nowhere - Capitalism without bankruptcy is like Christianity without hell
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  Credit cards may be drag on the issuers
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More Americans Behind on Credit Cards
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From lucky $18 million lottery winner to Ch. 7 bankruptcy
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Newport Creamery:

Rhode Island Restaurant Chain Moves to Employee Health Plan During Bankruptcy
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Newport Creamery owner opposes new CEO's lawyer
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You're A Faker - Bankruptcy judge slams cancer-hit Harrison over his excuse for missing court
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Steel:

Laclede Steel's retirees are hanging by a thread
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LTV Hires Former Goodyear Executive
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Laclede Steel, workers reach agreement in bankruptcy case
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United Steelworkers, Wheeling-Pittsburgh Steel Take Break from Negotiations
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London Bridge booms as U.S. econ slows
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S.J. Symphony finances fall further into crisis
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Dotcoms:

Dot-com demise tally passes 600
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Dot-Calmed
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LetsBuyIt.com Cuts 60 Jobs, Closes Offices to Stay in Business
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For Flooz, Time Was Money, and Time Ran Out
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Internet company death toll rising

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L & H plan calls for independent Dictaphone
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Billionaire nears deal for Regal Cinemas, sources say
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Sulzer:

Sulzer: Corpus Christi Verdict Signals Patients to Stay in Class Action Settlement
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Sulzer's Hip Deal Could Start A Trend
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Sulzer Medica Jury Awards $15.38 Mln for Hip Implants
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Bond professionals ride high amid Wall St layoffs
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TWA Airlines LLC Workers To Picket At 10 Airports Friday
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Bankruptcy judge stops equipment removal from Spiral Industries plants
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Broker Bankruptcy May Keep Couple From Arbitration Award
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Schwinn:

Schwinn must reveal bonuses - Bankruptcy judge calls plan fair, gives company time to fight decision
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Court Approves Schwinn/GT Employee Retention Program; Final Hearing on DIP Financing Set for September 17
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No Wonder Consumers Are Buckling -  The economy's last pillar of strength is starting to weaken under the weight of rising joblessness and bankruptcy filings

How is it that state Sen. Paul Feleciano, D-Wichita, and his wife are able to "walk away" from a net debt of $234,199?
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Decatur hearing on bankrupt firm with Bedford ties

 

To our readers: Due to the holiday, The Daily Bankruptcy News will not publish on Monday, September 3, 2001

New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Power Utilities:

California passes SoCal Edison bailout plan
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Edison Rescue Plan Faces More Hurdles in California Legislature
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Pacific Gas & Electric's Move to Isolate Assets Raises Controversy
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Developments in California's energy crisis
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Lawmakers toss life preserver to Edison

PG&E wholesale unit closes $1.25 billion credit transaction
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Edison Rescue Bill May Backfire By Excluding Generators
(WSJ: separate paid subscription required)

Assembly Panel OKs Edison Rescue Plan: The Bill Won't Require the Utility to Transfer Sierra Land to a State Trust
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View Misrepresents Calif.'s Energy Stance
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StairMaster is filing for bankruptcy
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SunCruz:

Judge rules SunCruz boat can stay in Brevard County
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Brevard eviction fight critical for SunCruz
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But Look on the Bright Side! - Losing business is good?
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Brunei: Prince Jefri's shocking spending spree revealed
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Drug Emporium:

Bankruptcy Court Confirms Drug Emporium's Plan of Reorganization -- Snyder's Purchase to Close in September
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Drug Emporium says bankruptcy court confirms sale
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Canada:

Vancouver: Bankruptcy trustee's review could lead to new lawsuits in condo crisis
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Elevator bankruptcy victims want help
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Uniforet posts big loss
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Japan:

Japan's Hitachi to slash 14,700 jobs
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IMF Seeks to Monitor Japan Bank System As Economic-Stability Concerns Increase
(WSJ: separate paid subscription required)

Japan's bad loans become worse
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Accelerating Decline in Japan Evokes Rust Belt Comparisons
(NYT: separate free registration required)

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Switzerland:

Swissair selling 'family silver' to avoid bankruptcy
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England:

Shoppers still have bags of confidence: Despite gloomy economic forecasts, consumers are borrowing more than ever before
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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.