July 17, 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

         
Comdisco:

Comdisco files for Chapter 11, sells unit
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Comdisco plans sales under bankruptcy protection
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Comdisco Woes
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HP snares services from falling Comdisco
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As Bankruptcies Mushroom, US put on credit 'watch list'
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Wells Fargo in red following investment losses

Citigroup Profits Up, Bank of Am.'s Fall
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Sterling Chemicals turns to the courts
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Telecoms:

Metricom Ripple Effect - Sierra Wireless posts $16-million US quarterly loss, cuts more jobs
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Chicago-Based Banking Firm Reports Increase in Revenue, Income
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Sames, S.A. Assets Sold by French Bankruptcy Court to Exel Industries
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Sunbeam:

Morgan Stanley is target of a lawsuit over 1998 bond offering by sunbeam
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Dunlap lawyer rips new allegations
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Sunbeam quagmire worsens with suit, Dunlap report
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S.G. Adams:

Saint Louis: S.G. Adams quits paper chase, files for bankruptcy

S.G. Adams parent, the Comfort Cos., files for bankruptcy
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Higher salaries slam Dallas-Fort Worth law firms

Dental/Medical Diagnostic Systems, Inc. Announces Its Intention to File a Chapter 7 Bankruptcy
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After bankruptcy filing, Kepley store closures in sight
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  Schwinn:

Schwinn goes under, sells unit to Huffy
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Schwinn files for Chapter 11
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Firm to Buy Orange County, Calif., Company's Cycling Division
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Steel:

Precision Specialty Steel bankrupt
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Today In History - LTV Files Largest Bankruptcy In History

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Tampa: Investigators re-arrest financial advisor in possible bankruptcy crime investigation

HomeLife files for Chapter 11
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Mellon Decision On Sale Of Small Business Banking Unit May Come Today
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Oklahoma Trucking Companies Continue To Experience Business Slowdown
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Smithfield Foods Plans to Buy Bankrupt Texas Firm that Prepares Ready-to-Eat Products
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Dotcoms:

Digital Lighthouse Files Voluntary Chapter 11 Petition
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Honesty isn't a policy, laid-off techies say
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Why Webvan went bust
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CEO's loans forgiven but not forgotten - Webvan bankruptcy could reverse online grocer's $7M giveaway

Webvan site an Arundel question mark

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RBS expands in US with $2.1bn Mellon purchase

Boulis estate to operate SunCruz
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Guarding against tenant troubles - Office landlords looking for more than a deposit to get some security

Atlanta: Miles apart under the same roof - Money is center of dispute on fabled Auburn Avenue
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The Ozer Group To Liquidate Final 94 Weiner's Stores
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UPC shares collapse, bankruptcy speculation
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New Bankruptcy Opinions
(3 new opinions today)

NextWave plan includes licenses
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Power Utilities:

California Utility's Managers To Receive Bonuses
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No Accord Near on Edison Rescue
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California Democrats propose Southern California Edison rescue bill
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Calif power-price slump continues
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Calif rate-agreement plan release delayed 2 days
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California Consumers Unlikely to Benefit Much from Any Energy Refund
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California Faces Possible Third Power Rate Hike
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Japan:

Japan firm to force loss-making units into bankruptcy
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Bank of Japan lowers view of economy amid falling production, exports
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Scale of bad loans under dispute
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Australia:

One.Tel faces big action on damages by Lucent
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One.Tel losers urged to sue the directors 

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Canada:

iaNett International Systems Ltd Terms For Proposal To Creditors
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France:

A decisive week for AOM Air Liberte
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Argentina:

SEPI may delay filing Aerolineas Argentinas bankruptcy to pave way for sale
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