July 20, 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:

FCC ruling sought on NextWave licenses
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Winstar to name bank for possible sale
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Record-breaking times for debt investors
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e.spire aims for quick exit from bankruptcy
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Wireless Firms Seek Probe of NextWave Eligibility
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L&H in speech tech license agreement with Orange
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Asbestos:

Asbestos Claims Endanger Health of Southfield, Mich.-Based Auto Parts Supplier
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Stock Rises for Chicago-Based Wallboard Maker Since Reorganization
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Federal-Mogul posts loss, hit by asbestos
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Ohio: Container firm goes bankrupt
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Bankruptcy expert to publish magazine on subject in Fishers
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Probation given in conviction on property flipping
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Banks seize control of WestPoint Stevens chairman's shares
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GE Considers Buying Rosemont, Ill.-Based Comdisco's Leasing Operations
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Payless:

Payless' bankruptcy plan wins court approval

Payless Cashways reaches agreement with largest creditor
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HomeLife:

In a Furniture Fix
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Shermag to take Q1 charge after U.S. furniture chain bankruptcy
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Providian profits rise, as does loss rate
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  W.R. Grace probe gets messy
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Bridge accuses SunGard of exec poaching
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Dotcoms:

itemus in dire straits
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Wild, Wooly, Webby
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Some glitter, some gloom at Webby Awards
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Webbys: We're Still in the House
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Bowl parade sponsor shuts Sunrise office - Validsites.com acts to avoid bankruptcy
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St. Louis: Negotiations allow Web site developer to miss bankruptcy
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Rumours of delisting send Itemus to 4 cents a share: Investors flee Internet incubator in heavy trading
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Itemus unit to file for bankruptcy
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Jersey man paid $30G by SunCruz
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One man's distress is another's opportunity: With defaults rising, it is no longer just vultures taking an interest
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J.P. Morgan Profit Dips 61%
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Taiwan's Merida Industry incurs losses of US$4m due to bankruptcies of US-based Schwinn Co
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Bankruptcy Reform:

Senate Conferees Appointed By Daschle
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Detroit: Icon Eye shutdown strands clients
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Rochester mayor eyes bankruptcy to save home
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Pathnet Bankruptcy Case Changes Again - Chapter 7 Conversions

New Orleans: 'CyberShame' goads debtors to pay up
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Milawukee: Company sends out conflicting press releases about bankruptcy filing - Questions arise about money, leadership at Enviro-Recovery
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New Bankruptcy Opinions
(3 new opinions today)

Power Utilities:

Calif. lawmakers face rival SoCal Ed rescue plans
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Lawmakers to vote on Edison rescue deals
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Poll Says Californians Blame Legislators More for Power Crisis
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BofA securities unit sued in Calif. - County says firm should have known PG&E paper was too high-risk
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Pacific Gas And Electric Company Reaches Long-Term Agreements with 131 Qfs
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Another contempt action
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Edison Bailout Bills Remain Stalled
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Unusually cool summer in California turns electricity famine into feast
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Edison May Avert Bankruptcy Filing
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Berry Petroleum Enters Agreement with Socal Edison: Restarts Its 42 Megawatt Cogeneration Facility And Provides Update
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First Alliance preps for liquidation
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Japan:

Koizumi could bring all pain, no gain
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Bad loans in Japan are complex and need careful analysis
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Japan FSA: Debt-Laden Banks Must Be Ready to Fail

Japanese banks' bad loans 'worse than admitted'
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England:

Agency calls for debt reform
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Taiwan:

Financial Crisis May Occur in Taiwan 

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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 

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