August 9, 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

         
Power Utilities:

Developments in California's energy crisis
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Fitch rates PPL Electric Utilities
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Polaroid: Bondholder threat of bankruptcy court gets firm to table

Firestone's future in question as first tire trial approaches: Lawyers ask whether US unit might go into Chapter 11
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Bankrupt Big V looks for help
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Imperial Sugar:

Bankrupt Imperial Sugar's plan confirmed
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Imperial Sugar announces confirmation of reorganization
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Ripple effect - Slowdown spreads from manufacturing to other sectors, especially in West, but Fed report avoids the word 'recession'
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Customers Accuse Homelife Of Stealing
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Bankruptcy Reform:

MBNA, First USA See Biden Delivering Bankruptcy Bill
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No freebies in bankruptcy
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SunGard bids $775 million for Comdisco unit
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Decline in Use of Credit Tied to Job Layoffs
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Bankruptcy Judge Approves AMF Loan
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Celebrity lawyer makes comeback after prison, bankruptcy
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Wilkinson:

Lexington, Ky., Bookstore to Hold Auction after Filing for Bankruptcy
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FBI Probes Former Kentucky Governor's Business Activities
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Texas Law Firm Hired in Orange County Suit Against Bankrupt Developer
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Fitch Offers Best-Practices Methodology for Banks' Internal Frameworks Managing CDOs
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Pico Macom, Inc. Looks to Exit Chapter 11
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U.S. credit card loan writeoffs fall in June - S&P
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U.S. car loan losses, delinquencies rise
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New Data Shows Increase in Credit Card Loss Rate Highest in Four Years
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Court OKs Settlement Between Hechinger's Creditors, Kmart
(WSJ: separate paid subscription required)

  U.S. Farmers' Fears Growing
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Dotcoms:

Auction raises $3 million for bankrupt Webvan
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Friday a Possibility for Initial Impower Bankruptcy Hearings
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Money Fails to Rally to Stars and Stripes Web Site
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BuildNet files for Chapter 11 bankruptcy protection

World comes crashing down on pioneering US dot.com: Spectacular debut ends in disaster for TheGlobe
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Telecoms:

Covad Blames Its Recent Troubles
On Bells' Anticompetitive Tactics
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One Covad On the Rocks, With a Twist
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Covad Just Won't Give Up. Maybe It Should
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San Jose, Calif.-Based Wireless Service Ricochet to Close Shop
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Bankrupt Arapahoe, Colo.-Based Cable Company to Pay Executives Handsomely
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Bankrupt Rhythms May Give Service Termination Notice Friday
(WSJ: separate paid subscription required)

The fattest ever fat cats?
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NextWave Case Reveals The Price of Progress
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SBC Commun Paid $18M To Federal Regulators In 2Q
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NextWave To Hold Briefing On 3G CDMA Network Build Out
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EEOC settles suit against bankrupt Arizona company for $3.5 million
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Kemper Military School moves ahead on reorganization plan
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Steel:

Japan: US Steel Industry Has Structural Problems
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Edgewater Steel files for bankruptcy again

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Nashville: Bankrupt web firm suing local business group
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Dangerous assumption
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Bankruptcy Court Sets Dates and Approves Procedures With Respect to Sale Of U.S.A. Floral Products, Inc. International Division -Florimex
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Saugus Lawyer Sentenced for Bankruptcy Fraud, Reports U.S. Attorney
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New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Jobs
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Bankruptcy Court Web/Pacer Site Directory

Aerofloral closes amid questions - "For a flower case, it doesn't smell good"
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Bankrupt Track 'n Trail to shut 101 stores nationwide
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Health Risk Mgmt, Some Units File Chapter 11 In Minn.
(WSJ: separate paid subscription required)

EnvisioNet:

Following MS Rumors, EnvisioNet Suitor Drops Out of Running
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California company pulls out of offer to buy Envisionet
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Dow Corning's Counsel Faces Deposition in Shareholder Suit
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Bankrupt Kitty Hawk to Cut 60 Jobs at Fort Wayne, Ind., Air-Cargo Hub
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Layoffs Go Beyond Fat, Experts Fear
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Willcox lands DIP from BofA
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WamNet extends financing deadline
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Privacy Issues and FDCPA Update
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As Internet and telecom investments falter, Hicks Muse says partner Levitt resigns
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CVEO Corporation, f/k/a Converse, Announces Status of Bankruptcy
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Opponents Rebuff Model Rules Revisions at ABA Meeting
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Japan:

The world is watching Japan's maverick prime minister
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Dog's life
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When the bubble bursts
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Canada:

Norigen falls to competitive telco tussle: Phone services company latest to enter receivership
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Australia:

Australia Sheds 79,200 Full-Time Jobs in July
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Skase left 'no will'
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England:

Rates rebel Nellie faces bankruptcy
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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.