February 5, 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

         
Bridge:

Bridge makes deal with creditors
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Bridge to File Reorganization Plan in Bid to Reduce Debt by $700 Million
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Bridge Information was caught off guard by bankruptcy filing
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Bridge Info Reaches Pact With Welsh Carson Anderson
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Savvis' largest backer triggers bankruptcy
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Savvis investors likely would put money in Bridge
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No Bloomberg Offer for Bridge
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Savvis Officials Seek To Downplay Effect Of A Bridge Bankruptcy
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Bridge eyes sale of Bridge Trading, other assets
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Dallas firm tries to force Bridge into bankruptcy
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TWA:

TWA Bankruptcy Stokes Interest in Boeing
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Area leaders push city's interests with TWA deal: The next court challenge: Icahn's objection to TWA's motion to reject his Karabu Ticket program
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Hopkins & Sutter Bankruptcy Attorneys Leave Rather Than Merge
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Economy:

Bust to Boom? Signals From Economy Hint at V-Like Rebound
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Greenspan Flips And Flops, Raising Eyebrows And Questions
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Record U.S. Bond Sales May Portend Gloom Not Boom
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Bugle Boy:

Bugle Boy out of style, business
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Bugle Boy Bankruptcy Hits Bangladesh
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Firm That Tracks Bad Checks Is Under Fire
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Movie Theater Industry:

Anschutz's Ambitions Are Theatrical
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Billionaire looks at digital movies
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Bouncing back Dickinson Theatres emerges from Chapter 11 bankruptcy today
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Psst, Want To Buy Some Bankruptcy Advice?
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Absent from court, debtor finds friends without pleading - Lawyers in courtroom taken up spontaneous collection to prevent case dismissal
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Reliance:

Icahn extends offer for Reliance bonds to Tuesday
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Reliance Insurance lands in `secret triple probation'
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Bankruptcy and employment law: Past bankruptcy not enough to deny work
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A Push Against Retailer Landlords: Pergament bankruptcy necessary
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HomePlace closing three dozen stores
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Money Laundering:

Report Faults U.S. Banks on Money-Laundering Safeguards
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Investigators Target Offshore Bank
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Money Laundering Glance
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Swiss Probe Rich Compliance of Money-Laundering Laws
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Report Says Money Launderers Exploit Banks
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Seajets Inc. Files For Bankruptcy Protection
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Asbestos-related suits surge, baffling experts
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  Power Utilities:

Lobbyists, lawyers, and stock and bond brokers love the utility crisis
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Western govs split on need for power price controls
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Retailers Unsure About Power Cuts
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California's Energy Plan Promises Market Stability, and Big Risks
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Power Crisis May Dim Davis's Bright Political Prospects
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Blasphemy or gospel - two tales of deregulation
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U.S. power producers add natgas assets to manage risks
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Energy Secretary Praises Calif. Offers No New Help
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Davis seizes SoCal Edison contracts
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Calif. Seeks Way to Avoid Bankruptcy of 2 Utilities
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California Lawmaker Proposes Takeover of Utilities' Lines
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Calif Regulators Rethink Billing Utils For State Pwr Buys
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Energy deregulation boosts CEO salaries
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Mo. Gas Probes Could Limit Utilities Ability To Pass On Costs
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Western U.S. struggles with energy issues
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Raising Rates Not Enough/California on dangerous course to economic meltdown, they say
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Calif. Utilities Suspend Giving
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Challenging Issues Still Unsettled In Power Crisis
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Canada Exploiting High Power Prices
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SoCal Ed Clarifies No Payments Made To Orange County
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Next stumbling block: Who'll pay Calif. utilities' bills?
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Calif. Power Woes Send Shockwaves
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Energy Squeeze Lurks In U.s.
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U.S. rating agencies praise utility aid plan
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Red And Black In California
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Officials Still Need to Work Out Power Bond Details
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Firms' Use of Backup Diesel Generators Attracting Heat
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$33 million boat bids to Outboard Marine
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In Cases Of Bankruptcy, Shareholders Last in Line
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Philadelphia, PA: Meat supplier lays off workers after parent, CFP Holdings, files bankruptcy
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Albany, NY: Rise in personal bankruptcies expected in nation and region
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Bankruptcy court can be safe place to buy troubled company
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Steel in trouble - 9 steel makers in bankruptcy
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Hawaii: Welcome back, Liberty House
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New Bankruptcy Opinions
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England:

UK Bankruptcies Rise To Five-Year High
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Korea:

The Daewoo Debacle
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AIG takeover of Chiyoda undecided-administrators
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More Daewoo executives face arrest for fraud
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Cash-Strapped KORET About to Go Under
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Telecoms:

Like real estate a decade ago, telecom threatens to topple the economy
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Users left hanging as DSL lines go dead
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Defunct Internet startup Broadband may still owe its creditors about $7 million
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Grand Union:

Ahold Gets Approval To Buy 56 Grand Union Supermarkets
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FTC gives Grand Union nod to complete C&S sale
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Charges, falling sales burn Federal Mogul
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Restructuring . . .

DaimlerChrysler to take charge of up to $3 bln
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U.S.A. Floral to sell its biggest division
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GE layoffs could hit 80,000
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Xerox reportedly in talks with buyout firms
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Janus Capital Plans to Eliminate 468 Jobs
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Layoff roundup: Week of Jan. 29, 2001
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Legend Airlines gains some time, but planes, employees flying away
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Anna Nicole:

Playmate's Rambling Stab at Fortune
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Bankruptcy Law Professor Guilty of Vehicular Manslaughter
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Boston, MA: Fast growth, slow sales has Buck-a-Book reeling: Bookstore chain files for Chapter 11 bankruptcy
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Lernout & Hauspie Officials Sold $13 Million in Stock in May
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Bankruptcy Reform:

Bankruptcy Overhaul Fight Looms

New Rule Targets ID Fraud Filing for bankruptcy using a false name and Social Security number is a growing problem
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Farm bankruptcies down, but reason may not be that clear
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Dotcoms:

Troubled Dot-Com Sues to Stay Afloat, but Regis Still Gets His Fee
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Santa Rosa, CA: Local Bankruptcies Drop 30% Good Economy Credited With Decline, But Experts Warn Slowdown Could Send Trend In Opposite Direction
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Sands and Icahn drop bid for troubled Claridge casino
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Ohio: Bankruptcies may soon be on the rise statewide
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So Many Miles, So Few Seats
Changes in the airline industry are limiting perks for frequent fliers

Philadelphia, PA: Stock firm heir, John Butcher, files bankruptcy, says he's broke
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Tampa Bay, FL: Records show doctor's ties to bankruptcies
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