July 2, 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

         
Telecoms:

NextWave clings to life
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FCC appeal of General Wireless case rejected
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Firms flop, but others pay
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Telecom industry left in a quandary
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The rich get richer because they're smarter than we are  

360networks struggles to survive
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U.S. Appeal on Airwave Sale Rejected by Supreme Court
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Bankruptcy may dissolve 360networks
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Local phone industry on forced diet - By the time economy recovers, most likely to disappear
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FCC hit by second setback on mobile licenses

360networks Says It's Still Viable, Others Doubt It
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Telephone service rings off, leaving customers in the lurch
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SingTel Shares Fall After Customer Cuts Cable Order
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Without protection, 360networks is defunct, CEO says in court filing
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360: Bad timing, wild markets fueled optimism
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360networks Falls 52% After Bankruptcy Protection
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360 ponders asset sales
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Elcotel Announces Likely Impairment Losses
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Blackouts dot America after telecom follies
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Metal Management out of Chapter 11
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Financial Privacy Rules Seen as Just Beginning of Fight
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Bankruptcy's big price tag: Service Merchandise shelling out millions
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InCharge Institute Divests Itself of Genus Portfolio - Credit Counseling Leader Poised to Guide Industry in Bankruptcy Counseling
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Pliant to the wire in finding a buyer

Sacramento: Nordic closes with no warning

Hawaii: Personal bankruptcies up 11 percent so far this year - Consumers seek to file now, anticipating stricter federal rules in the near future
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Woman Banking On $46 Billion--if Courts Give the OK
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Old W. R. Grace vs. new  

Junk bond funds see $57 mln weekly outflow
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Six IMAX Theaters To Close
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Nashville: Missing investor writes to clients admitting losses
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Hawaii: Pacific Cafe on Maui in bankruptcy
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Chicago: It's arrivederci for Como Inn
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Judge Approves Furrs Supermarkets Sale to Fleming
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Publishing:

Printing companies seeing red ink

Book Returns Rise, Signaling a Downturn in the Market
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  United Calls Off Merger - US Airways' Future Is Left in Doubt, Bankruptcy Possible
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Laidlaw:

Laidlaw Inc. Rescue Plan Unclear on Bondholder Recoveries
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Laidlaw was a victim of CEO's overambition
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Economic Slowdown More Acute
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How others keep from going under
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Bankruptcy Reform:

Rock Bottom
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Overusers of credit-cards face reduced help in getting out of their debts
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Bankruptcies increasing ahead of law
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Power Utilities:

California power picture brightens - Supply efforts benefit state, but outages remain likely
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For Unit of Edison, a Rough Road Ahead
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Davis drops one of his spin doctors

Hinkley Faces New Chromium Threat
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California legislators turn up heat on Mirant, seeking data
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California Utility Parent Gets Financing
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Consider the Alternatives
Why can't Davis see the light?

California Effort to Buy Power Lines Proving Costly
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Going Under - Week of June 25, 2001
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Assisted Living Concepts, Inc. Announces Expiration of Confidentiality and Trading Restriction Agreement with Debenture Holder Committee - Bankruptcy Likely
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Resuscitating a foundering firm challenges the original owner

Foster & Gallagher Cuts Workforce, Ceases Taking Orders; May Liquidate
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Dotcoms:

DSL.net Forced To Scale Back Amid ISP Turmoil

Investors may get stuck with bill from online flop Quokka Sports

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Lernout & Hauspie:

Lernout May Run Out of Money Before It Can Sell Units
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Analysts 'waiting for L&H bankruptcy'

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Wary Americans look down from growing debt load
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Steel:

LTV Talks Push Past Friday Deadline
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Wheeling-Pittsburgh rehires Testa as restructuring chief
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Principal Healthcare unable to repay Omega debt
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Hawaii: Bankruptcy filings on rise; petitions outpacing 2000
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Pan Am (version 3) returns
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Lawsuit costs force fired UA prof Kay to seek bankruptcy protection
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New Bankruptcy Opinions
(No new opinions today)

Bankrupt Drug Emporium cuts price of stores
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Asbestos:

Ch. 11 May Ease Pain of Asbestos Lawsuits
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Suit Against Tobacco Firms Dropped
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Halliburton's Potential Asbestos Involvement Spooks Goldman
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San Antonio: Sevis Systems files Chapter 11 after flow of financing runs dry

France:

Swissair Group to Sell Its Stake in Air Littoral, Facing Bankruptcy
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Australia:

The losers of yesteryear
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Japan:

Disposing of bad loans may cost 600,000 jobs
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Argentina:

Debt-laden Argentine airline running on empty
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Canada:

Bankrupt Churches - Churches ask referee for details
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Second attempt to force Dylex into bankruptcy
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UniforÍt Inc. Gets Court Protection for an Additional Delay
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England:

Farm disease reaps bankruptcy toll
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Independent Insurance solely responsible for bankruptcy declaration says FSA
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Ex-director says Independent Insurance forced under by UK FSA
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Lean times for lunch bill tycoon 

What will bankruptcy mean to my assets?
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Dealing with bankruptcy
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Boris Becker faces jail over £13m tax bill
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Number of firms going bust up 15%
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Germany:

Swissair's German LTU affiliate needs over 500 mln sfr to avoid liquidation
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Swissair German LTU affiliate denies bankruptcy speculation
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Belguim:

Swissair talks with Sabena break down  

City Bird airline files for creditor protection
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