July 11, 2001  

Daily Bankruptcy News

Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet 

Also available on the Web (with links to the news stories)  at: http://bkinformation.com/News/DailyNews.htm

Prior editions available at http://bkinformation.com/bankruptcy_news.htm

         
Full Steam Ahead! The Chapter 11 Express
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Economic Downturn Provides Record Windfall for Restructuring Experts
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Bankruptcy advisers get fat on restructuring  

Dotcoms:

Why Webvan Drove Off a Cliff
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Customer lists handed over U.S. Bankruptcy Court

With Webvan Gone, Where Will Online Shoppers Turn?
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Rival Peapod stands to gain from demise
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Anna Nicole:

Judge orders Anna Nicole Smith to pay up
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Life After Tri Valley: Little to fall back on
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SES:

Payroll check company files for bankruptcy
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SES Files for Chapter 11 Protection
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Washington: Crisis in Our Nursing Homes
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Bridge:

Bridge: Firesale
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Savvis CEO: Bridge Has 6 Bidders For Telerate Business
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Involuntary petition for bankruptcy against CMI Industries dismissed

Arcadia:

Cruise ends in bankruptcy before Muskegon arrival
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Plagued Arcadia abandoned at Roberta Bondar Place
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Cruisers may get amends
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Cruising days over for Greek ship
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Washington Group says court approves bonding deal
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Creditors of Rhode Island Ice Cream Eatery Want Court Case Moved
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Video City Emerges From Bankruptcy
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Telecoms:

FCC's Powell meets with upstart local phone carriers
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Metricom in Deep Dough-Dough
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Metricom Hurts; Does Its Service?
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Deal gives SunCruz to Boulis estate
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Status of Bibelot leases unknown as bidding deadline passes

2 Gatlinburg hotels file for bankruptcy
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Lenox Healthcare Files Second Ch 11 Case, Will Liquidate
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  Power Utilities:

Client Jilted for Slice of the PG&E Pie - Milbank, Tweed cuts links to energy player
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Energy notebook - Calpine says deal with California on overcharges near
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Developments in California's energy crisis
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California may face forced blackouts
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Ratepayers shunted in PG&E bankruptcy case

Judge rejects ratepayer panel in PG&E bankruptcy
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Edison Int'l says cash sufficient, but clock ticks
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Edison CFO: All Plans But Original Rescue Deal Fall Short
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LTV:

The gathering economic 'perfect storm'

LTV plan to sell subsidiary unravels
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Deal may not save LTV steel
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1,300 jobs lost with tentative LTV deal
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Warnaco cleared for rest of DIP
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US corporate debt defaults heading for a record high
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Foster & Gallagher:

Foster & Gallagher: Corporate irresponsibility: Michigan Bulb workers deserved better than the terminations they got
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Foster & Gallagher Layoffs Could Bring Labor Charges
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F&G stock lawsuit will move forward
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U.S. Interactive Files Plan of Reorganization
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Bankruptcy Rates Soar to Record Levels in Utah during 2001
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A new bid for Filene's Basement
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Restructuring . . .

Lucent Technologies reorganizes operating units
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2 MD/VA Firms Announce Job Cuts
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Liberty House Sold for $200M
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Trans Hawaiian:

Trans Hawaiian Plunges Into Bankruptcy
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Isle tour company files Chapter 11
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Investors want assets of bankrupt Avteam
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Black Diamonds' ouster may be near - Bankruptcy judge to rule on creditors' plan to remove team from Atlantic League
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Earthlink investors want taxes waived

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Reform:

US Bankruptcy Overhaul Moving Again, Doubts Remain
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Democrats Free Way For Bankruptcy Law - Daschle Allows Tougher Line On Debts
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Cloture vote on bankruptcy in Senate soon
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US Senate Scheduled To Reconsider Bankruptcy Bill Thursday
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Fired bankruptcy judge reinstated to work in Flint
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Accusations aimed at Shooting Gallery
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The Power Of Plastic
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Polaroid:

Polaroid to win more time to renegotiate loans

Polaroid mulls bankruptcy
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Gerald Stevens Completes Sale of Florafax
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Crt Approves Precept Business Services Conversion To Ch 7
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$237 billion in junk bonds downgraded in year
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Who's on top? U.S., that's who: Big bank rankings show Bush Sr. bankers' best friend
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Court Denies Approval Of Hechinger-Kmart Settlement
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Zany Brainy:

Investment firm will buy Zany Brainy
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Zany Brainy Signs Agreement for the Restructuring of Its Operations
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Australia:

Court demands Wang shares
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Italy:

Film Producer Gives Up Businesses
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Freedomland probe widens
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England:

Case opens door for creditors to seize pensions
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Japan:

Japan's economy falters
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Japan Reports Slumping Economy  

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Canada:

Anglicans face bankruptcy over residential schools
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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.