February 22, 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

         
Power Utilities:

Calif. energy supplies ease, talks under way
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Judge Extends Calif. Emergency Power Sale Order
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Pacific Gas and Electric Finds No Sympathy
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Reliant CEO: Calif. Utilities Owe Millions
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Fed's Parry: Calif. power crisis not impacting monetary policy
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Out of Gas?
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Crisis spawns other issues
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Calif. faces uncertain fiscal outlook-state report
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Steel:

Bankruptcy Court Clears US Steel Purchase Of LTV Unit
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Doskocil Manufacturing In Default Of Credit Pact, Mulls Bankruptcy
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Elliott Associates Reports 51% Stake In Sunshine Mining
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Imperial Sugar:

Imperial Sugar sells unit to Hormel
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Imperial Sugar To Sell Diamond Crystal Brands To Hormel
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Hormel to Buy Assets of Imperial Sugar
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Movie Theater Industry:

CO-OP GOING PLOP - Strapped/bankrupt exhibs ready to cut distrib payouts
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InnovaCom Files For Chapter 7 Liquidation In California
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Bankrupt Farmers Co-op offered $11.7 million buyout
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Consumers Made Late Credit Card Payments More Often
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Brother, Can You Spare A Client? PR Firms Hit By Downturn
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Ex-Digital Entertainment Network Employees Win Judgment Against Bankrupt Company's Founders
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  TWA:

Judge Rules Against Continental's Request to Postpone TWA Sale
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Judge Nixes Motion To Stop TWA Sale
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Continental Bid to Halt TWA Sale Denied
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Bankruptcy Reform:

House/Senate Bankruptcy status update - Wellstone conceding defeat?
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Congress Starts Slow, But Bankruptcy Reform Is Next, And "The Next Seven Weeks Are Crucial"
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After Clinton's Pocket Veto, Measure Has Better Shot At Passage This Year
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Sen. Leahy Seeks Support for Privacy Amendment to Bankruptcy Bill
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Senate Judiciary Committee Schedules Markup Date
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Economy:

Stocks Slide As Malaise Deepens After CPI
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Outlook for Earnings Worsens as Company Warnings Rise
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Athey:

Athey Products Sold to Federal Signal
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Alamo Group: Bankruptcy Court Gets Offer For Athey
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Athey Products sold for $12 million in bankruptcy auction
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Alamo Group loses court auction for Athey Products
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KCS Energy Emerges From Bankruptcy
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Platinum Entertainment Files Reorganization Plan
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Paul Harris Stores, Inc. Retains Keen Realty In Chapter 11 Court Proceedings
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Grand Union nearing its end
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L&H not out of woods despite court approval of financing
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New Bankruptcy Opinions
(1 new opinion today)

Dotcoms:

Your ASP Is DOA--What Will You Do?
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Share the Risk
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Boca Raton, FL: ASP HostLogic closes, says bankruptcy filing looms
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Santa Monica, CA: GoInvest.com creditors meet in bankruptcy court
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Letsbuyit Plans to Resume Business as Dutch Court Lifts Moratorium
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Letsbuyit set to restart scaled-back operations

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Miami, FL: Prominent Bankruptcy and Commercial Litigation Group Joins Adorno & Zeder,P.A.
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Health-care firm Henley may sell assets and file Chapter 11
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Anna Nicole:

Ex-driver disputes Smith
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Asbestos:

Troubled Crown Cork slides on asbestos fears
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NorthPoint Continues $1 Billion Suit Against Verizon
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Restructuring . . .

Critics look to divide Microsoft
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Covad chairman downplays accounting changes
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Imax to cut 130 jobs, consolidate manufacturing at Canadian plant
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Canada:

Registrar blasts big spenders who go bankrupt Angry in Alberta: Suggested one man get a medal for his 'ability to fornicate the bankruptcy laws'
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China:

China Talks Tough on Bankruptcy in Market Reform Push
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