July 13, 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 default was a condition of loan waiver
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Banks Give Polaroid Time to Renegotiate Millions in Loans
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Analysts say potential Polaroid suitors watch, wait
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Plainwell:

Plainwell sheds consumer paper division
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Cascades pays US$64.2M for two Plainwell mills
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Telecoms:

Winstar seen searching for new financial adviser
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Lucent Says More Job Cuts Coming
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Lucent says more cuts coming as 8,500 workers take voluntary buyout
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Power Utilities:

Bankruptcy court approves Calpine/PG&E deal
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Options Debated in Edison Rescue
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PG&E Near Agreement With More Generators On QF Contracts
(WSJ: separate paid subscription required)

It's Time for Davis to Show His Hand on Energy
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Customers want answers after HomeLife's closing
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Kirkland merger provides LA bankruptcy capability
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North Carolina: Bankruptcy upsets Fireplace & Patio customers
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Embattled Arcadia now arrested
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Steel sector galvanized for crucial period on trade and profit issues
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  Bankruptcy Reform:

Senate clears way to vote on bill as U.S. bankruptcies soar
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Senate Clears Procedural Vote On Bankruptcy Bill
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NRF Welcomes Senate Action on Bankruptcy Reform
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Stellex plan goes to creditors
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Movie Theater Industry:

General Cinemas auction delayed: New offer stymies Onex's bid for U.S. theatre chain
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AMC tops Onex bid for GC movie chain
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AMC bids for General Cinema
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EPIQ Systems Wins Major Chapter 13 Bankruptcy Client in California
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Laidlaw reorganization doesn't include shareholders
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Bankruptcy judge reschedules sale hearing for Regent Casino
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Harnischfeger Industries' Reorganization Effective: Company Emerges as Joy Global Inc.
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United seeks ruling on merger with US Airways: Not giving up on deal
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Court To Hear Babcock & Wilcox Solvency Issue Oct. 22
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Furniture company files for bankruptcy
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Dotcoms:

Dot-Bomb Practices Expose Wall Street Brokerages to Scrutiny
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Webvan: Out of pocket
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Webvan founder recouped $2.7 million just in time
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New Bankruptcy Opinions
(No new opinions today)

HomeLife Furniture's future looks dire
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Judge confirms RBX's amended plan
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Man pleads guilty in scheme to commit bankruptcy fraud
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Commodore files reorganization plan
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England:

Watchdog caught up in Independent row
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Davies hits back at French in row over collapse of insurer
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Argentina:

Aerocontinente bids $1B for Argentine airline
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Argentine anxiety

Argentina props up economy as woes spread
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Markets Disapprove of Argentina's Plan to Rescue Economy
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Korea:

Daewoo, GM near deal
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Japan:

Japan June Corporate Bankruptcies Fall 1.8% on Year Ago; $5.1 Billion Owed
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Moody's questions Koizumi's reforms
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Italy:

Fiorentina must find 40m to avoid bankruptcy
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