July 23, 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

         
Bankruptcy Judge blocks exec-poaching from Bridge
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Bankruptcy Reform:

MBNA big donor behind debtor bill
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Bankruptcy the way to a brighter future
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Rich loophole
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Bankruptcy Law would Aid Creditors

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Krause's:

Krause's Files for Bankruptcy Protection
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Krause`s Furniture, Inc. Files Under Chapter 11; Company Has Arranged New Financing and Plans to Fill All Customer Orders
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Customers raise concerns over Krause's solvency
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First Union, Wachovia deal delay struck down
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Rash of furniture store closings reflects slowdown

HomeLife:

Shermag to take Q1 charge after U.S. furniture chain bankruptcy
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Credit Cards:

Rescoring of no help to chronic deadbeats
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Insurers turn to credit scores to set auto policy rates
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GAO study finds credit card debt burdening students
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Credit-card firms bear down on high-risk clients
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Asbestos:

`Elephantine mass' still growing
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Atlanta: Ex-Damon's workers uncertain about back pay, firm's future
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Wall Street looks twice at one-time charges
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Economy Hits Oregonians Hard, Bankruptcies Up
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'Stuffy' Schwinn about to hitch ride with Huffy
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Loan Sharks are back
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The art of getting paid
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Experts warn financial illiteracy is a ticking cultural time bomb
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Hartford: Cleaning House At The Clarion
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Steel:

Steal ahead
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Beth Steel will trim 300 jobs
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UK steel jobs at risk in wake of Bush tariff threat
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LTV pays big to keep officers
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Junk bond funds suffer outflow as returns ebb
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Consolidating debt can be the last resort before bankruptcy
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Atlanta turnaround firm's business is booming lately

Legal Recourses For the Laid Off, Potentially Jobless
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  Comdisco:

GE Capital, SunGard circle Comdisco assets
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2nd company in hunt for Comdisco assets
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Frank's crafts its bankruptcy plan
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Telecoms:

FCC ruling sought on NextWave licenses
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Iridium suing Motorola
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WebLink Wireless, Inc. Obtains Debtor-In-Possession Financing
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Junk bonds -- even in telecom -- may offer hope
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Debt-ridden Rhythms limps to beat of bankruptcy
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360networks eyes life as North America-only system
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Telecom cos express interest in Teligent's assets
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Study finds fiber-optic glut is 'just baloney'
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Calif. Senate OKs Utility Rescue Bill
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Judge grants struggling 360Networks protection from creditors -- owed more than $2.8-billion
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Record-breaking times for debt investors - The telecommunications sector accounted for one-fifth of defaulting companies
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Court gives 360 more time to try to stave off ruin
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Funding reprieve for Redstone Telecom
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Power Utilities:

California Senators Hold Enron Corp In Contempt
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California Lawmakers Consider Ways to Bail Out Electric Company
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Developments in California's energy crisis
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Bankruptcy Claims Victim in California's Energy Struggle
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SCE says will go bankrupt without state action
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California buzzing with power - but for how long?
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Six Months Later
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California Lawmakers Consider Plans to Save Utility from Bankruptcy
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State says no electric rate hike likely
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Edison Hit With Big Quarterly Loss
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Timing is everything, which is why politicians have stumbled
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California Lawmaker Calls for Consumers to Get Part of State Energy Refund
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Lawmakers Can't Duck This
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State Senate Oks Bailing Out Edison from Bankruptcy / Assembly Plans Own Version for Utility
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Too many courses, not enough golfers
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KOZ IP sold after bankruptcy filing

Dreams Dry Up in Klamath Basin
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New Bankruptcy Opinions
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High-Tech Legal Work Drying Up During Economic Drought
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Dotcoms:

Failed company provides expensive lesson in online-rebate risks
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Long Amazon.com Tale Still Written in Red Ink
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Webby winners put on brave face
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Why I didn't invest in Webvan -- thanks, Grandpa

Webbys downsize with the times
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eSynergies Snaps Up Xceed Assets
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Conseco Concedes Late Loans Are Rising
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Lernout's Bastiaens' U.S. bankruptcy filing dismissed
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Casual Male Announces Final Order Approving DIP Financing
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MCMS may be forced to seek bankruptcy
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Atlanta: ExecuTrain subsidiary files for bankruptcy

Henley Healthcare Announces Sale of Enraf-Nonius, B.V. and Belton Facility, Bankruptcy Possible
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East Providence: Owners of hazardous waste site declare bankruptcy
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Japan:

New worries send Japan bank shares into nosedive
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Japanese Official Rules Out Public Funds to Aid Banks
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England:

Thousands more Corus jobs 'at risk'
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18,000 more jobs at risk, Corus warns
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Dome boss pinpoints failures
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'Madame Bovary syndrome' sends record number of women bankrupt
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Irving faces bankruptcy as libel appeal fails
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The Queen, the vicar, the bell-tower and the 800,000 black hole
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Bankruptcy Rates Rise in Oregon
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Virgin paid out after drugs turn him into 'sex maniac', forced him into bankruptcy

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Canada:

Owners of Impact file for bankruptcy
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Impact go bankrupt
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Scotland:

Old friendship floored over unpaid bills dispute
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Korea:

Seoul eyes foreign institutions' participation in creditor bodies
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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.