July 12, 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

         
Polaroid:

Polaroid Weighing Bankruptcy Move
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Polaroid to get waiver on violations of loan terms
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Polaroid to explore sale or merger as is tries to recover from massive debt
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Polaroid tries to clear debt picture
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Polaroid struggles to develop debt rescue: bond payments missed, banks onside
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Dotcoms:

Exodus Users On Alert - Contingency plans in motion as hosting provider's health declines
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Firm Hopes to Turn Around Bankrupt Internet Service Provider in Chattanooga, Tenn.
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MarchFirst Entrepreneur Starts Over with Consulting Group
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Webvan: Just Another Dot-Com Crash
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Webvan Founder Borders sold as Webvan hit the wall 

Online grocery market may still be alive / HomeGrocer eyes comeback in Seattle

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Bankruptcy judge gives final approval to Envisionet plan
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Accent Color Sciences To Go Out Of Business
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SunCruz boss agrees to resign, get $200,000
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Assisted Living Concepts, Inc. Reports the Closing of Amendment to Heller Line of Credit
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Friede Goldman:

Friede Goldman to lay off about 500
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FGH will lay off close to 500 employees after Ocean Rig ASA project
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Memphis: Response Oncology Won't Emerge from Bankruptcy Quickly
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Passengers on Ill-Fated Great Lakes Cruise Have Options to Reclaim Losses
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More Overtime Lawsuits Expected - Businesses are reviewing their policies in wake of $90-million judgment against Farmers Insurance
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Black Diamonds' baseball team's status depends upon decision of bankruptcy judge
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  Gencor Announces Plan Confirmation
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In surprise move, AMC makes bid for rival bankrupt operator of theater chain
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Homelife:

Hoffman Estates, Ill.-Based Furniture Store Chain Shuts Down
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HomeLife stores file for Chapter 11
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Local Customers Upset Over Homelife's Closing
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CFS co-founder ordered to pay $9.2 million
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Chain Founders Ranch *1 files for Chapter 11 protection
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Zany Brainy:

Waterton backs Zany Brainy comeback
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California investment firm to buy bankrupt toy retailer

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Status of Bibelot leases unknown as bidding deadline passes  

American, Union Ratifies TWA Deal
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Corporate credit quality drop continues
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Farmers begin to feel impact of Tri Valley bankruptcy
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Atlas Securities folds amidst fraud probe
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New Orleans: Parent of insurer in two major suits files for bankruptcy protection
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Financier puts weight behind Zany Brainy
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Financiers have responded to the collapse in valuations by insisting on onerous terms to reduce their risk
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Gerald Stevens unit sold
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Money to Be Made From Collapse of Tech Companies
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Bust Crashes The Party for Fiber Optics
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Bankruptcy judge rules wrongful death lawsuit to proceed
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Bankrupt STAR Telecom Ceases Providing Wholesale Carrier Services
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Chief Executive of Tower Records Optimistic About Firm's Financial Future, Says Not Considering Bankruptcy
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New Bankruptcy Opinions
(1 new opinion today)

Power Utilities:

California Officials Reveal State's Power Purchases
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Governor threatens to sue utilities for refunds / Davis says California won't settle for $1 billion  

Edison's Finances Fare Better
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Developments in California's energy crisis

Calpine Says Deal On Overcharges Near
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Ratepayer Panel Shot Down Again
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San Francisco Area Gas Utility's Customers Shut Out As Creditors
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Davis Plays in a Virtual World While the Energy Reality Continues
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Is the world prepared to deal with the global economic downturn?
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Japan:

Fast-track rehab law offers hope
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Japanese turn glum due to jobless, deflation-poll
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Koizumi Reform / As deflation increases, so will bad loans
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Canada:

Telecom meltdown puts pressure on Canadian banks
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Troubled Uniforet files creditor plan in court
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Australia:

Insolvency casualties ballooning
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England:

Redstone u-turn gives private investors bigger role in rescue
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Independent Insurance boss faces 4.28m lawsuit over loan
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French regulator blames UK's FSA over Independent Insurance collapse
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France:

Brandt-Moulinex says not working on assumption of bankruptcy
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