August 6, 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

         
Texas Leads a Charge to Dethrone Delaware
(DBN Subscription Required)

Telecoms:

NextWave to unveil billions in new financing
(DBN Subscription Required)

NextWave to Unveil Reorganization
(DBN Subscription Required)

Verizon Wireless partner bids for NextWave licenses
(DBN Subscription Required)

NextWave to Unveil Round of Financing, Recommit to Paying Off Huge Debt Load
(WSJ: separate paid subscription required)

ICG Gets 4 More Months To Work On Its Own Turnaround Plan
(WSJ: separate paid subscription required)

Ricochet, Rhythms ISPs at death's door
(DBN Subscription Required)

Four lessons to derive from Ricochet's demise
(DBN Subscription Required)

Verizon Partner Makes Bid For NextWave Wireless Licenses
(WSJ: separate paid subscription required)

Telscape Intl Says ATSI Changed Bid For Teleport Assets
(WSJ: separate paid subscription required)

Level 3: When Business Plans Go Bust
(DBN Subscription Required)

GoAmerica Comments On Metricom`s Plans to Terminate Network Operations
(DBN Subscription Required)

Omniplex finds buyer; creditors don't like it

_____________

WGI widens charges against Raytheon
(DBN Subscription Required)

Morrison Knudsen: No more money for ousted Agee
(DBN Subscription Required)

Dotcoms:

Bankrupt Wine.com to Auction 80,000 Wine Cases
(DBN Subscription Required)

Bankrupt Intira offered at bargain price

BuildNet nears end of road

Impower Files for Chapter 11
(DBN Subscription Required)

Sacramento: Local online casualties pile up, but others carry on

Pieces of the bubble - Internet-boom remnants are hot commodities
(DBN Subscription Required)

______________

Stan Lee Media co-founder arrested in Brazil for fraud
(DBN Subscription Required)

Furrs Closing 17 Supermarkets in New Mexico And Texas
(DBN Subscription Required)

Steel:

In Ill. steel town, parents back tax cut for struggling mill at expense of schools
(DBN Subscription Required)

________________

Calls come for Garden Way probe
(DBN Subscription Required)

Fort Worth: Bankruptcy delays patients' care
(DBN Subscription Required)

Raytheon Faces $1.5 Billion Lawsuit In Bankruptcy Court
(DBN Subscription Required)

Wilkinson has paid no federal income tax since '91
(DBN Subscription Required)

Manhattan Investment founder to fight fraud charges

T.W.A. Is Slowly Nudged Into Aviation History
(NYT: separate free registration required)

Pasadena, CA: Hortus Nursery Felled by Bad Finances
(DBN Subscription Required)

Schlichtmann:

Bankrupt lawyer ordered to pay old debts
(DBN Subscription Required)

'Civil Action' lawyer must turn over fees - Jan Schlichtmann says the appeals court order may force him into bankruptcy once again

_______________

Portland: Maine Poly trustee optimistic about money for workers, creditors
(DBN Subscription Required) 

San Antonio Used Car Dealer's Bankruptcy Leaves Auto Owners, Buyers Hanging
(DBN Subscription Required)

Retirees, Car Lot Backers Sue San Antonio Auto Dealer over Cash Advances
(DBN Subscription Required)

Virginia firm expresses interest in EnvisioNet
(DBN Subscription Required)

First Union must make Wachovia work
(DBN Subscription Required)

Sacramento: Unable to reorganize, Track 'n Trail folds tent

  U.S. lenders keep loaning despite downturn
(DBN Subscription Required)

Tuesday US Data Could Spark Selloff
(DBN Subscription Required)

Banks prepare for consumer defaults
(DBN Subscription Required)

Credit cards suffer on payment

Bankruptcy boom - Up-and-coming attorneys busy with explosion in corporate bankruptcy work

Bankruptcy Reform:

Some say bankruptcy plan would drown consumers; lenders claim abuse of rules
(DBN Subscription Required)

Bankruptcies increase as changes approach

_____________

Gildan Activewear reported to have teamed up to buy Fruit of the Loom
(DBN Subscription Required)

Locke Liddell Agrees to Settle Suit Over Alleged Ponzi Scheme
(DBN Subscription Required)

Thayer, Patricof sue Pryor founders
(DBN Subscription Required)

Mosler:

Mosler, Century-Old Maker of Safes and Security Systems, Closing U.S. Operations, Liquidating Under Lender Pressure
(DBN Subscription Required)

Mosler employees stunned by closing
(DBN Subscription Required)

Mosler slams door on 300 workers
(DBN Subscription Required)

________________

Gerald Stevens Agrees to Amended $11.5 Million Credit Facility
(DBN Subscription Required)

Schwinn/GT bidding race begins
(DBN Subscription Required)

Only tannery in the West to shut down
(DBN Subscription Required)

Groups Object To Imperial Sugar's Reorganization Plan
(WSJ: separate paid subscription required)

Denver: As tech firms tank, many creditors feel pain
(DBN Subscription Required)

Lernout & Hauspie:

Lernout & Hauspie Seeks Extension
Of Due Date for Reorganization Plan
(WSJ: separate paid subscription required)

Lionbridge Is Overbid in Auction Process to Acquire Mendez From Lernout & Hauspie
(DBN Subscription Required)

______________

San Antonio: Medical group's bankruptcy reveals flaw in system, observers say

High Point, NC: After 55 years, Young's Furniture and Rugs will close its doors
(DBN Subscription Required)

Huffy Bid and Bidding Protections Request Accepted
(DBN Subscription Required)

L.L. Knickerbocker Co., Inc. Reports Hearing For Asset Sale
(DBN Subscription Required)

Pittsburgh: In filing for Chapter 11, RSL and its employees entered an unknown world

Pathmark interested in buying Big V Supermarkets
(DBN Subscription Required)

Creditor has doubts about HomeLife
(DBN Subscription Required)

West Coast Entertainment: Survivors of the storm
(DBN Subscription Required)

MagCorp:

Bankruptcy Time for MagCorp
(DBN Subscription Required)

Company plays down impact of Chapter 11 filing
(DBN Subscription Required)

________________

San Diego: Chapter 11 Builders To Construct State Route 125
(DBN Subscription Required)

Asbestos concerns cause insurer's stock to dip 23 percent
(DBN Subscription Required)

Palm Springs: Marquis Villas stays open despite parent company’s bankruptcy
(DBN Subscription Required)

Popular Manhattan clubs to be auctioned in bankruptcy 

Credit card sharks prey on collegians
(DBN Subscription Required)

Some CEOs Amply Rewarded Last Year Despite Slowdown
(DBN Subscription Required)

Bankruptcy cases on the rise in SW Florida

Cincinnati: Bankruptcy filings soaring

Portland: More Wiederhorn loans face scrutiny
(DBN Subscription Required)

 

 

New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Jobs
(DBN Subscription Required)

Bankruptcy Court Web/Pacer Site Directory

UAW Wins Big in Lawsuit Over UBN Bankruptcy
(DBN Subscription Required)

Power Utilities:

BoNY steps down as PG&E trustee
(DBN Subscription Required)

Energy crisis back on front burner - Staffers' stocks rekindle political heat and may jeopardize power contracts
(DBN Subscription Required)

Farella Partner Has Become a Shining Light in the Power Crisis
(DBN Subscription Required)

California lobbies ratings agencies
(DBN Subscription Required)

SoCal Edison gets lifeline - Energy company reaches agreement with most of generators suing for payment
(DBN Subscription Required)

Many top Davis hires have ties to Edison
(DBN Subscription Required)

State's Energy Bond Sale Faces Delays, Skepticism
(DBN Subscription Required)

Developments in California's energy crisis
(DBN Subscription Required)

Regulators and Free-Market Advocates Take Different Lessons From California Blackouts
(DBN Subscription Required)

Investor Confidence Up For $12.5B Calif Deal
(WSJ: separate paid subscription required)

Developments in California's energy crisis
(DBN Subscription Required)

_______________

New York Firm That Made Play for TWA Set Sights on US Airways
(DBN Subscription Required)

Kansas: Back-door deal spurs bankruptcy
(DBN Subscription Required)

American Eco takes steps towards liquidation
(DBN Subscription Required)

England:

Taking the stigma out of bankruptcy
(DBN Subscription Required)

Help for bankrupt firms
(DBN Subscription Required)

Easy to change insolvency law. Changing the banks will be much tougher
(DBN Subscription Required)

The long arm of the new laws
(DBN Subscription Required)

____________

Canada:

Dylex files for protection from creditors as talks fail
(DBN Subscription Required)

Economy and profit hit new lows
(DBN Subscription Required)

The battle for the wine collection of a bankrupt millionaire
(DBN Subscription Required)

Accused debtor 'drank' contents of pricey cellar
(DBN Subscription Required)

Algoma Steel reports net loss in Q2
(DBN Subscription Required)

____________

Japan:

Ashikaga Bank can't pay dividends
(DBN Subscription Required)

Support dives for Japan's PM
(DBN Subscription Required)

Japan June Leading Indicators Index Falls; Economy May Worsen
(DBN Subscription Required)

_____________

Australia:

Shutdown part of billion-dollar row
(DBN Subscription Required)

Gorilla in the One.Tel jungle
(DBN Subscription Required)

Australian PM: Legitimate To Pursue Skase Assets
(WSJ: separate paid subscription required)

$5m in taxes vanishes from stamp duty company
(DBN Subscription Required)

Chase for Skase assets to continue
(DBN Subscription Required)

Skase: The high-flier who crashed to earth
(DBN Subscription Required)

______________

Germany:

Insurance broker Censio says may face insolvency
(DBN Subscription Required)

_______________

 

Weather Forecast:
Enter City, State, or Zipcode:

If you received the Daily Bankruptcy News via email, to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com  

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $3/month, payable annually.  A separate password is required for each member of a firm wishing access to restricted links. Volume discounts are available. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm.
Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

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.