February 8, 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

         

TWA:

Investor Group Planning to Offer $1 Billion For Trans World Air ~
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Jet Acquisitions Group bids $1 billion for TWA
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Investor Group Offers Nearly $1 Billion for Trans World Airlines
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Significant New Bid Announced for Trans World Airlines -TWA-; Preserves TWA as Independent Airline, Reverses Industry Consolidation Trend
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TWA Says Will Consider All Offers
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Schumer Seeks Delay on United-USAir Merger But Says TWA-American Deal Should Move Ahead
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Continental urges 'no' vote on air mergers
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Sunbeam:

Global-Tech Appliances Sees No Impact From Sunbeam Reorg
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Sunbeam Units' Ch 11 Plan Would Leave Trade Creditors OK
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NYSE: Sunbeam Waives Rt To Appeal Move To Suspend Stock
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Armstrong World Gets Final Court OK For $300 Million DIP Facility
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Financial privacy legislation
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Internet provider Vitts files chapter 11 bankruptcy
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Asbestos claims continue to mount
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Former Gov. Wallace Wilkinson will seek bankruptcy protection - Ex-gov. $300M in hole
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Bugle Boy:

Perry Ellis to Buy Some Assets From Failed Bugle Boy Operation
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Perry Ellis Offers $54 Million to Buy Bugle Boy Assets
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Bugle Boy strikes deal with Perry Ellis
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GS Industries Files For Chapter 11 Bankruptcy
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W.R. Grace is accused of fraudulent transactions in anticipation of bankruptcy
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Movie Theaters:

Carmike Cinemas Seeks OK To Sell Property To TFG Partners
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Computer Learning Center:

Computer school's failure no fault of its own
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Former Stock Broker to Celebrities Sentenced to 57 Months in Prison
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Outboard Marine:

Firms' $95 Million Bid Wins Outboard Marine
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Outboard Marine hopeful some workers can be called back
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OMC retirees keep eyes on sell-off

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Alabama: Upsurge in region filings attributed to slumping economy
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GM, Ford problems deeper than slowing economy
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  Power Utilities:

Calif. Utilities Shift Money
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Edison CEO: Legislature, Not Court, Should Solve Power Bill Mess
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Partisan Bickering Over Electricity Fills Capitol
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Crunch Time Looms Monday As Calif Lawmakers Debate Pwr Mess
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Suit Claims Firms Limited Gas Supply to Raise Prices
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Solution to crisis in public's hands
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As Cash Flows, Davis Sets Up Power Pacts
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Calif. battles to keep lights on without federal order
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California Power Crisis: Impacting the Green Power Market
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S&P, Moody's See Some Hurdles For Reported California Utilities Plan
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California’s Burn-out
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Western Gas suing Calif. power firm
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Calpine shares rally on $4.6bn contract

Business recruiters milk power crisis
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Judge upholds power sales order
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PG&E owes Tri-Dam $850,000
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Deregulation Didn't Foster Competition
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New pollution suit names PG&E, but possible bankruptcy may forestall recovery
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Judge orders Reliant to continue selling electricity to California
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Shareholders committee sues Coram
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Bankruptcy Court Approves Sale Of PNV to TTI Holdings~
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Dotcoms:

Icebox Heads Toward a Meltdown
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Dot-bomb's fallout holds lessons as layoffs mount
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Mystery investors say let's save it
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Ex-Maytag Chief Executive Casts His Lot With a Dot-Com/Ironically, Web venture's failure hurt him at old job  

UtimateBid.com Closes Door

Classmap Shuts Down

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Anna Nicole:

Suits in Marshall/Smith case severed
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New Bankruptcy Opinions
(4 new opinions today)

Bankruptcy Reform:

Bankruptcy Bill Put on Fast Track
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US Bankruptcy Bill Resurrected, Lawmakers To Act Quickly
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Supporters Press for Bankruptcy Overhaul
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Administration Press Briefing Includes Comment On Bankruptcy Reform
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Sen. Seeks Bankruptcy Bill Revision
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Hearings On Bankruptcy Reform
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Lott Pushes For Bankruptcy Reform By Early Next Week

Bankruptcy bill needs to help single women, children, Democrat says
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House, Senate Reintroduce Bankruptcy Reform Bill
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It's been a long time since bankruptcy lawyers had it this good - bankruptcy protection filings pile up Sunbeam latest to join ranks
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Azurel Ltd. Files Voluntary Petition Under Chapter 11
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LaRoche Announces Filing of Plan of Reorganization
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Mexico:

Mexican Truck Maker Dina Believed On Verge Of Bankruptcy
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GS industries:

GS Industries Files For Chapter 11 Bankruptcy
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GS Industries, Inc., To Reorganize Under Chapter 11, Close Kansas City Plant
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Hawaii developer Savio files for Chapter 11
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Legend Airlines:

Legend could file for Chapter 7
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Flying Into the Great Beyond
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Lernout & Hauspie:

Lernout & Hauspie in Court Seeking $60 Million in Financing
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MCK Communications to write off receivables
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Restructuring . . .

Vezion Expects to Cut 10,000 Jobs
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Stamps.com Lays Off 150
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Layoffs are not a good indicator of impending bankruptcy, but a company’s industry, debt and denials are
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Steel:

Ipsco Sees Profitable 2001, Steel-Price Recovery
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Delaware Bankruptcy Judge Clears Way for Lawsuits against Capital Consultants
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