July 16, 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

         
NextWave:

Connecticut Lawyer Becomes Bankruptcy's Wireless Wizard With Billion-Dollar Wins
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Against All Odds, a Telecom Rebirth
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Webvan:

Webvan's fall hurts workers all along the food chain
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Chapter 11 for Webvan; `orderly sale' planned
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Venture lessons in Webvan collapse
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Webvan's worth the paper it's printed on
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Virtual Revenge and the Decline of the Dot-Coms
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Power Utilities:

New rescue plan for Edison gets chilly reception
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Judge denies PR firm for creditors
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California Governor Gains in Polls Amid Energy Fight
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State faces possible 3rd power rate hike
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California Lawmakers Propose Plan to Save State Utility
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Litigation expected to outlast the crunch
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PG&E creditors face setbacks
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Long line forming to grab any power refunds
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Edison still in financial limbo as state debates rescue plans
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Calif. Power Spending Shrinks As Prices Tumble
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Calif. lawmakers propose bill based on Edison pact
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A Wallboard Maker That's Up Against the Wall

Going under - week of July 9, 2001
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City of Homestead, Florida is going broke
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Embattled Cruise Ship MTS Arcadia Sits under Arrest over Unpaid Debts
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Atlanta: Bankruptcies up 17 percent

Tri Valley:

Bankruptcy Filing Idles Sacramento, Calif.-Area Cannery
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Collapse of Sacramento, Calif.-Area Co-op Puts Farmers in Legal Thicket
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Bankruptcy Upsets Customers of Raleigh, N.C., Furniture, Fireplace Shop
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RBX Corporation poised to recover from bankruptcy
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Bankruptcies soar in Las Vegas, nationwide
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  Zany Brainy Sale Not All Fun and Games for Morgan Lewis Attorneys
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Bankruptcy judge aids legal reform
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Bankruptcy Reform:

Loophole for Millionaires
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Vote shows support for bankruptcy bill
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Senate Invokes Cloture
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Telecoms:

Barron's assesses Level 3 bankruptcy risk
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Street prepared for Nortel Networks to report record loss this week
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Steel:

U.S. to Punish China, Other Nations for Dumping Steel
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Big Steel's big man
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Freedom Forge in bankruptcy

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Harnischfeger changes name to Joy
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Bankrupt Anti-Poverty Nonprofit Organization Owes Money to Hundreds
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Dotcoms:

The Cut Wasn't Enough For EContributor.com - Company Files Bankruptcy
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Real Estate Investors Burned by Net Bust
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Pennsylvania-Based Electronic Book Firm's Struggle Ends in Bankruptcy
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A Losing Cause? Charity Portals Find Times Tough, Too
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Bankruptcy court clears ecampus sale - Online bookseller gears up to handle fall textbook orders
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Rebel.com goes into receivership
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Israel Seed Partners sees investment wane, as PrimeShot files for bankruptcy
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HomeLife:

Customers Seek Answers About HomeLife Furniture's Closing
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CNF Cuts 400 Jobs Due to HomeLife Closure
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Elderly woman says bank in Mexico owes her billions - Deposit made when interest was at 149.35%
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Baltimore: Six Sunny's stores to close
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Kansas: Another foster care provider battles money woes
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Orange County Bankruptcy Retrial Rejected - Dropping the case against the only official sentenced to prison ends prosecutions in the 1994 collapse
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New Bankruptcy Opinions
(No new opinions today)

Financial firms facing a rough week
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SunCruz reorganization looms
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What a waste of money - corporate defaults escalating
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Sunbeam: An Executive's Missing Years: Papering Over Past Problems
(NYT: separate free registration required)

Former Cal State-Long Beach prof may face bankruptcy fraud charges
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Bankruptcy filings are on the rise in Arizona
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Service Merchandise asking court for permission to sell HQ
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Japan:

Bank of Japan lowers view of economy
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Bankruptcies in Japan total $58 billion
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Sogo, ex-chairman at loggerheads over assets
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How much pain will reform inflict?
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Denmark:

Going down
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Argentina:

Argentine anger at spending cuts, as government tries to avoid bankruptcy
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The day the tango died
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Australia:

One.Tel directors may be liable for A$80 mln
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Keeling's new corporate dream
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One.Tel's fate in creditors' hands
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Bankrupts double under GST
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England:

US asbestos claims threaten Equitas
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US legal fight may mean no end to the nightmare on Lime Street
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Fielding wins delay on bankruptcy suit
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The Independent scandal: Premium calls off the hounds
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Brazil:

Transbrasil says surprised by General Electric bankruptcy petition
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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.