February 9, 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:

US Lawmakers Push Ahead Bankruptcy Bill Despite Flaws
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Lott, Hatch Differ on Holding Markup For Bankruptcy Measure
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Nation's Top Divorce and Matrimonial Attorneys Call for Rejection Of Bankruptcy Bill; Allege Child Support Payments Will Suffer
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Bankruptcy laws closer to sweeping overhaul
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Testimony of Kenneth H. Beine, Shoreline Credit Union before the House Judiciary Committee
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Executive Summary of Testimony Of Professor Karen Gross Before the House Judiciary Committee
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Statement Of George J. Wallace - Before The House Judiciary Committee
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Statement of Bruce Josten Before the House Judiciary Committee On H.R. 333 Bankruptcy Abuse Prevention and Consumer Protection Act of 2001
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Testimony Of Charles Trapp, individual debtor, before the House Judiciary Committee
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Statement of Damon A. Silvers, Associate General Counsel, American Federation of Labor and Congress of Industrial Organizations before the House Judiciary Committee
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Testimony of Ralph R. Mabey before the House Judiciary Committee in behalf of the National Bankruptcy Conference
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Steel:

Georgetown Steel owner files for bankruptcy protection
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Plant steels for closings
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Steelworkers Union Announces Press Briefing On Bankruptcy Filing At Kansas City GST Steel Facility
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Chiquita:

Peeling Back Many Layers of Banana Dispute
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Millions of Chiquita shares still selling
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Tri-Union Development Corporation Announces Continuation of Efforts to Reorganize Through the Sale of Properties and Termination of Contango Letter of Intent
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Arkansas: Ex-governor's lawyers ask judge to put off disbarment-suit action arising from sham bankruptcy

Metricom on Shaky Ground - May Run Out Of Money
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Debtor racks up $450,000 credit card debt in one year
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Rite Aid Shareholders Allege Fraud
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Garden Botanika Seeks Approval of Sale and Announces Store Closures
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Would-be Minnesota Vikings owner files for bankruptcy in Las Vegas for second time
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  Power Utilities:

Edison's Price for Its Power Grid: $6 Billion
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Calif. Power Alert Continues Ahead of Key Court Ruling
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A Clear Voice Cuts Through All the Energy Crisis Static
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Capitol Blame Game Frays Bipartisanship
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Calif. Races To Open More Plants
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FERC head says no to Western power price caps
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Support Builds for State Takeover of Elec. Trans. Grid
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Loss of power lines squeezes profits by 20%
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Fed. judge extends Calif. power sales through Feb 16
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CEO Says Utilities May Let California Buy The Power Grid
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Hunting For Power
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Help for California's energy
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N.Y. Groups Working to Keep NYC Lights on This Summer
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Furrs:

Furrs Supermarkets files Chapter 11
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Furrs Supermarkets Inc Files For Chapter 11
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Furrs Supermarkets To Facilitate Restructuring Through Chapter 11; Expects to Receive a Commitment for up to $30 Million in New Financing
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Utilities defend power sales
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TWA:

Mystery Bid For TWA
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7 in Group Bidding For TWA
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Some Air Executives Deny Link to Investor Group's Plan to Bid for TWA
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Skeptics ponder proposed TWA purchase
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Lernout & Hauspie:

Philips has no plans to buy L&H
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Lernout pleads for $60M financing
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Outboard Marine:

Outboard Marine Bankruptcy Upsets Boaters
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Two Companies Bid to Take Over Chris-Craft
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AZ: Homeowners' Association Seek Missing Cash From Bankrupt Management Firm
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Pair in Aryan Nations suit sole bidders for compound
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NorthPoint Communications Delisted From NASDAQ
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New Bankruptcy Opinions
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Sunbeam:

Sunbeam tells Neosho, Mo., workers they won't lose jobs
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No winners in Sunbeam collapse
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Goldman, GE Unit Seek Effective Control Of Finova but Some Creditors Balk
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Dotcoms:

OR Internet firm, ACUSA.COM files for bankruptcy
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BroadcastAmerica fading away
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Letsbuyit German Unit Ends Insolvency, Parent Co To Apply
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LanguageWare.net's Wholetree Unit Files For Bankruptcy
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ByeByeNow.com stays for now
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Telecoms:

Bankrupt Picus purchased by Omega
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High-speed Net service seeks ch. 11
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Two ISPs unplugged for nonpayment
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ORBCOMM Seeks Court Approval for Auction of Its Ongoing Business
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Vitts files for bankruptcy
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Restructuring . . .

Miami-Based Ryder System Says 700 Jobs to Be Cut This Year
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Report: Dell Preparing to Cut Costs
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Sabena Owners Postpone Decision on Rescue Plan
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The Fool slashes dot.com jobs
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Information Site Business.com Cuts 26% of Its Workers
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Sunshine Emerges From Bankruptcy
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Family Golf Foresees $200 Million From Friday Auction
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Judge OKs Harrah's casino's reorganization plan
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AZ: Charter school offers to buy bankrupt Tesseract school
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Montgomery Ward:

Jeweler, customers spar over unpaid bills
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Clifton, NJ man admits bankruptcy fraud
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Houston: The fall of a mall - Sharpstown Center seized in foreclosure
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Jitney Jungle Designates the Effective Date of Plan
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