February 26, 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

         
Bankruptcy Reform:

What Reform Is About, After You Factor Out The "Noise And Detail"
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Small businesses fear bankruptcy reform
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Bankruptcy as 'wealth insurance' - Will Congress hurt small-business owners by helping the credit-card industry?
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Senator Miller: "What could be more obscene than going to a fundraising breakfast with financial fat cats in the morning and then voting on a bankruptcy law that afternoon?"
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Federal courts study security of cyberfiles

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Precept Business:

Dallas: Precept Business Files For Chapter 11 Bankruptcy
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Precept Business Services, Inc. and Its Subsidiaries Continue Business While Seeking Bankruptcy Court Protection
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Montgomery Ward Auction Could generate $450 Million
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Owens Corning Gets Bankruptcy Court Approval for Some Employee-Benefit Programs
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Fine Air eyes May bankruptcy exit
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Ex-governor Wilkinson seeks schedule filing extension, indicates his companies may join him in Ch. 11
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Foreclosing on despair - "Foreclosure investors" target desperate debtors
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Steel Industry:

Efficient Indiana mini-mills weather steelmaking storm
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U.S. steel producers moving to raise prices
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Steel Industry's Troubles Get Personal
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How best to rescue sick steel
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Flood of problems threatens U.S. steel industry
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Newport Beach, CA: Mark's CPA Review Declares Bankruptcy
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Dotcoms:

Napster Facing Potential Bankruptcy From Copyright Ruling
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Magazine suing dotcom debtors to collect unpaid bills
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No exit

StoreRunner.com parent in bankruptcy filing
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Nasdaq Wipeouts and Mistaken E-Dentity

More Turmoil In Forecast For Dot-Coms
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Storerunner dispute prompts bankruptcy
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Bankrupt Drypers could be cut in four
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Berkshire Hathaway Completes Johns Manville Tender Offer
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Online Arbitration Speeds Settlements
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Ambitious plans vaporize for owner of tiny gas firm - Company's bankruptcy filing called "extremely rare" by PUC
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  Power Utilities:

Rolling blackouts expected for summer
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California Agrees to Buy Edison Power Lines for $2.76 Billion
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Edison to sell energy distribution

Bush Extends Power Loan in Calif.
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Judge issues stay in Calif. power sales, sets hearing
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Davis, Edison come to terms but PG&E remains a balky holdout

Reliant puts battle to get paid on hold
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Calif. sets huge bond issues to end energy crunch
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Deal narrowly reached on power lines
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Davis to Ask Abraham to Reconsider Caps on Electricity Prices
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Does electricity crisis give GOP a chance?
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Energy titan's glory dims

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TWA:

Unsecured Creditors' Committee Backs TWA's Request to End Discount-Ticket Agreement
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Three potential TWA bidders to rival American sign up
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Small carriers fight consolidation
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Pair who bankrupted Aryan Nations attract gratitude, scorn
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Telecoms:

Deconstructing DSL: A business in a tailspin?
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The future is red for mobile phone giants

Intel warns telecoms of widespread bankruptcy risk
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Mobile Web delays darken mobile mood
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Motorola's loss warning triggers new fears of telecoms meltdown

3G: $100 Billion Down The Drain?
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Movie Theater Industry:

Westridge Court closes doors as Loews declares bankruptcy
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Houston: New Loews: Troubled theater firm shutters Spectrum over bankruptcy
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Bankruptcy filings dip for a 2d straight year - But signs of a slowdown in the nation's economy spurred forecasts that the number will rise in '01
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Bridge Information: Things are tough - no more free coffee cups
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Economy:

Will Economy Fall in L, U or V?
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Equalnet:

CCC GlobalCom Announces Deal To Acquire Assets of Bankrupt Equalnet
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CCC GlobalCom acquires Equalnet Communications
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Kansas City: Kroh Bros. bankruptcy is winding up
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New Bankruptcy Opinions
(No new opinions today)

Getting ready for the worst - Law firms build up their bankruptcy practices
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Complex, cross-border commercial bankruptcy advice from a computer? - Davis Polk Wardwell gives it a try
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Albuquerque: Nord Resources/Chapter 11
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Grand Rapids, MI: Continental Basketball Association Files for Bankruptcy
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Phoenix: FTM Media Files For Chapter 11 Bankruptcy Protection
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Quintus files for Chapter 11
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The Wave of the Future: 24/7 - Texas Bank Tellers Work Night Shift
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Ventas Says Vencor Reorganization Plan Accepted By Court
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Seattle: Pacific Aerospace struggles to pull out of dive - may file bankruptcy
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Turning Around Tottering Corporations - Turnaround Management Association
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Austin: Hardware supplier files Chapter 11 bankruptcy
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Debt collector takeover of Creditrust by NCO complete

Twin Cities: The Outernet Shuts Down Company's failure leads to owners' Chapter 11 filing
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Restructuring . . .

Chrysler retools itself Monday as workers, motorists and investors look on
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Who'll Save Chrysler This Time?
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DaimlerChrysler meets; workers worry, vent
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England:

Revealed- Maxwell report's attack on Coopers & Lybrand's role in Mirror Group collapse

How Britain's biggest fraudster got away with it

Prescott bails out Railtrack with 1bn

Crisis at Boots as board plans big shake-up - Chief executive to unveil plans to investors as retailer faces write off of hundreds of millions of pounds

Embattled Railtrack will slash investment - Rail-network operator forced to rewrite five-year investment programme as it faces financial meltdown

Sofa tycoon puts his feet up as customers suffer - Alan Fernback is living in luxury as furniture buyers count the cost

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Australia:

Bankrupt in Paddo- barrister's $3m unpaid taxes

And he's not alone . . .

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Mexico:

Mexico's Heavy Vehicle Maker Dina In 'Virtual Bankruptcy'
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Japan:

Takeovers boost Japan's troubled insurance sector

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India:

Labour, bankruptcy laws in need of radical changes
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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.