July 18, 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

         
Give Us Your Deadbeats - States Compete For Bankruptcies
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Longtime New Orleans chain shuttered, files bankruptcy
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CFS employees to appeal rulings
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HomeLife hangs workers and customers out to dry
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Colorado Sues Check-Cashing Chain, Accusing It of Excessive Interest Rates on Payday Loans
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Comdisco:

Chase leads in Comdisco bankruptcy
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CEO tells what led to Comdisco's bankruptcy
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Comdisco recovery plan
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Comdisco Receives Approval of "First Day Orders"
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Comdisco's Fall From Grace
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What’s Hot: Filing for Bankruptcy
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Steel:

LTV woes ripple over related industries
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O'Neill Presses to End Steel Industry's Woes
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Easyriders Inc. Announces Chapter 11 Filing
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Sunbeam:

Chain Saw Al not happy about latest buzz
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Provident is hurt by bad loans
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KeyCorp posts loss on charge to shed car financing
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Anna Nicole:

Judge rules Smith owes her stepson $541,000
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Court to Anna Nicole Smith: Get Out Your Checkbook; Smith Ordered to Pay Defense Costs in Houston Probate Trial
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Auction of Santee River marks major bankruptcy
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Harrah’s fires 148 - Layoff draws criticism after huge tax reduction
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Polaroid:

Dog Watch: Polaroid
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Banks Give Polaroid Time to Renegotiate Millions in Loans
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  Power Utilities:

SoCal Ed parent wary legislators won't OK rescue
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Utility sues state seeking millions in seized power contracts
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Lawmakers devise rival bailout plans for Edison - Push to come up with alternative to bankruptcy before recess
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Developments in California's energy crisis
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Assembly hears details of alternate Edison deals
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Calif. lawmakers mull two rival SCE rescue plans
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Three complex matters preoccupy Legislature during final weeks
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Schwinn:

Questor details Schwinn bankruptcy plan
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Huffy purchase of Schwinn could be mixed bag
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Huffy purchase means closing of Jacksonville distribution center
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Wheels turning in bike deal - Huffy may face competing bidders for Schwinn/GT in bankruptcy auction. Meanwhile, dealers voice concerns
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Profits Slowdown Hurts Bank of NY
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Dotcoms:

On paper, Webvan doesn't look bankrupt - Assets of dot-com grocery service could exceed debts
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Dot-com bust can't stop the Webby Awards party Bankruptcies? Layoffs? That's no reason to cancel the party
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A dot-com for dead dot-coms
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Painful lessons gleaned from high-tech wrecks - There will probably be another six months of failures
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Dimac Marketing back on the block
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U.S. children's news agency facing bankruptcy
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Telecoms:

FCC Awards New Satellite Licenses
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Prudence is cast aside as vendors and customers slip deep into financial whirlpool
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AMC reports loss of nearly $12 million in first quarter
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Tower Records tries to tune up profits, risks loan default
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Reform:

Turning the page on Chapter 11
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Senate Votes to End Debate on Bankruptcy Bill
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Senate Wants Bankruptcy Negotiation
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Senate votes for final passage on HR 333, ready for conference
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Bankruptcy future looking up
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Kohl's Letter On Homestead Exemption

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Payless:

Payless Cashways posts loss of $58 million in second quarter
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Payless may shut more stores

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Bridge:

SunGard gets Bridge assets
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Judge Approves Bridge Info Asset Sale To SunGard Data
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Junk Bond Defaults Total $54.1 Billion
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China:

Chinese central banker calls for new bankruptcy law
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Japan:

Chairman of shopping center council sees retail shakeout in the making
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Japanese bankruptcies leave staggering debt
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Belguim:

Swissair, Belgium strike deal on Sabena
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Rescue deal for Sabena
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Australia:

A new light on who may be One.Telling the truth
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Doubts hang over One.Tel royalties for Packer, Adler  

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Argentina:

Argentine Bankruptcies May Rise as Recession Deepens
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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.