February 21, 2001  

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet AND BKCLAIMS Marketplace - The Online Market For Bankruptcy Claims 

Also available on the Web (with links to the news stories)  at:  http://bkinformation.com/News/DailyNews.htm

         
Frank's Nursery:

Frank's Nursery Files for Chap. 11
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Cypress investment doesn't pay off
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The Bloom Falls Off Frank's Rose
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Bankruptcy Reform:

Bankruptcy rules meeting
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Public Hearing Over Online Court Documents Planned
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JUDICIAL CONFERENCE OF THE UNITED STATES Revision of Certain Dollar Amounts in the Bankruptcy Code Prescribed Under Section 104(b) of the Code
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Tropical May Bid for Bugle Boy Assets
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National Airlines cancels contract for new airplane, won't add to fleet this year
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Payday loans' hard to pay off
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Chiquita:

Chiquita Shareholder Exploring Buyout
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Panamanian group may buy Chiquita
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American Homestar Gets Nasdaq Delisting Notice
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Lernout & Hauspie:

L&H gets debtor financing approval
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L&H not out of woods despite court approval of financing
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$10M To Repay GE Capital
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Lernout & Hauspie Receives Short-Term Bailout
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Court Approves Debtor-in-Possession Funding for Ailing Lernout & Hauspie
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In bid to avoid bankruptcy from copyright violations, Napster offers $1 billion settlement
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Portland, OR: Area waste-hauler faces bankruptcy
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Grand Union stores to close
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Economy:

Stocks, Bonds Dip on Economic Outlook
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Casino Owner, JCC Holding Company, Comments on Release of January Casino Revenues
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Destination Films lays off employees, may file bankruptcy
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  LTV Ruling Challenges Bankruptcy Remote Vehicle, Legal Basis For Securitizations
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Power Utilities:

Federal Judge Blocks California Power Exchange From Paying Generators
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Calif Pwr Companies Still Reviewing State Transmission Buyout
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On Energy, the Fix Is Definitely Not In
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California utility investors unimpressed
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To rescue utilities, J.P. Morgan Chase & Co. to underwrite biggest municipal bond issue ever
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Lawmakers OK California Energy Bill
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Power Contracts Still Out of State's Grasp
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Calif. Senate Approves Creating State Power Authority
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Lawmakers approve bill giving California greater control of power supply
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Power Plant Plans Hinge on Strained Gas Network
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Calif. Crunch Eases as Plants Back On
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Power crisis glance
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Saving Gracefully: California's shortages rekindle its efforts to conserve electricity
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Henley Healthcare Announces Possibility Of Bankruptcy Filing
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TWA:

TWA Back In Court Wednesday Over Continental's Appeals
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Continental appeals TWA auction process
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American's Bid May Be Too Tough To Beat
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Constellation -- TWA -- Notes Repaid, Ratings Withdrawn
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Dotcoms:

Storerunner.com Ch. 11 Gives CBS Black Eye
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Faltering ASPs Put Customers On Shaky Ground
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Tropical Sportswear Mulls Bid To Buy Some Bugle Boy Assets
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Lernout Secures $60 Million Finance Package
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Northwest Airlines CEO Dasburg Quits
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New Bankruptcy Opinions
(2 new opinions today)

Armstrong:

Armstrong Holdings in Talks to Sell European Unit to Buyout Firm CVC Partners
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Armstrong DLW in talks with CVC on sale of unit
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Deutsche Bank taps Waugh for top U.S. post
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Reliance:

Icahn moves closer to having say in Reliance Group
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Retailer's Demise Boosts Kohl's Expansion
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Austin, TX: Avatar seeking to buy assets of Future Protocol in bankruptcy sale
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Los Angeles: Brown's Bakery Closing Up Shop, Owner In Bankruptcy
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Would-Be Carpet-Cleaning Giant Rollup Venturi Files for Bankruptcy Protection
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Restructuring . . .

Covad restructuring could reach $100M
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Teledesic Cuts Staff, Plans To Sublease
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Three more employers disclose Austin job cuts
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Imax trims jobs amid industry decline
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Knife company, International Knife and Saw, to reduce its debt, "bankruptcy unlikely"
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Intel to Cut Costs by Hundreds of Millions
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European Union:

New Insurer Insolvency Rules Fill Gap in EU
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Japan:

Ex-head of Cosmo Credit gets 4-yr jail term for unlawful loans
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Japan eyes scheme to press banks for loan write-offs
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Faster bank write-offs pose political, economic threats
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France:

Trial targets alleged widespread pyramid scheme in Parisian garment district
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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.