July 25, 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

         
Washington Group:

Court examines WGI reorg plan
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Washington Group Chap. 11 plan backed
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Power Utilities:

California DWR proposes $12.5 billion bond issue to pay for power
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California Officials: No Need to Hike Consumer Rates for Electricity
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Developments in California's energy crisis
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SoCal Edison More Uncertain
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There's no shame in doing nothing for Edison
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SoCal Edison parent calls credit outlook uncertain
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PG&E asks Calif. to disclose emergency power costs
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Plans filed to relieve Calif. power bottleneck
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Calif. lawmakers to renew efforts to save utility
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Horizon Pharmacies goes to court
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Heilig-Meyers inventory set for auction
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Payless Cashways' liquidation plan approved
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Amwest:

Amwest Insurance Group Inc. Announces Bankruptcy Filing
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Amwest Insurance Group Files Chapter 11
(WSJ: separate paid subscription required)

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Dispute Over Fax Ads Draws Wide Scrutiny After Award Drives Hooters Into Bankruptcy
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Service Merchandise gets bankruptcy court OK to sell HQ
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Milwaukee: Real estate figure indicted on fraud, money laundering charges
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The Relationship Between Nonbusiness Bankruptcy Filings and Various Basic Measures of Consumer Debt

Nasdaq to delist Amresco stocks

Dispute could mean auction for bankrupt Vacation Village
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Wilmington: Downtown eatery seeks Chapter 11

Restructuring . . .

Reuters Plans to Cut 1,100 Jobs
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Lucent to cut up to 20,000 more jobs, posts $3.25 billion loss
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Cannon Express:

Cannon Express Corp Involuntary Bankruptcy Proceeding Dismissed
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Cannon Express: Bankruptcy Proceeding Dismissed
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Hanover contractor files bankruptcy, accused of bilking clients
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U.S. Steel Gets Bond Buyers To Bet On A Turnaround
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  Bankruptcy 24/7/365 — Nowhere to hide
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Stop the Clock - In a slumping economy, technology clients are looking for -- gasp! -- a break from the billable hour
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Telecoms:

Verizon Wireless to Push U.S. for NextWave Deal
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One.Tel to wind down
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Lucent forced to pay return visit to banks, bankruptcy possible if talks fail
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S&P downgrades Lucent
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Lucent holder sues corporate directors, charging they made questionable loans
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Telecom-Sector Bust Reverberates
Across the Entire U.S. Economy
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360networks stock soars after restructuring ruling
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ICG loss reflects market realities

Zephion Networks Gets OK Of Bid Procedures For Asset Sale
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S&P raises junk bond default forecast
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Bankruptcy Judge John H. Allen dies of Parkinson's disease
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Dotcoms:

Net's new boom is bankruptcy: The best business in the Bay Area now is selling off the assets of failed dot.coms
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Kmart rolls up remainder of BlueLight.com
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Webvan: Gone but not forgotten by angry shareholders
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Investors Sue Wendy's Founder over Solicitation for Failed Online Book Store
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Pliant's lawyer says company will shut down

After report of higher earnings, Epiq Systems' stock falls
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Fitch Withdraws Ratings For Reliance Insurance Group
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Oxnard's Lukens gets delay in hearing on bankruptcy

Home Health Gets 60 More Days To File Reorganization Plan
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Kahala Corp. Announces Additional DIP Financing Provided to Ranch * 1 Inc.
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Bankruptcy Court Denies Vlasic Motion To Clarify Order
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Imperial Sugar Company Selects New Board of Directors
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No more stigma in being broke?
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Foster & Gallagher:

Foster & Gallagher Hires President and PR Firm
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Cash flows, but not to former Michigan Bulb workers
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U.S.A. Floral Products, Inc. Enters Into Agreement for Sale of International Division; Sale Subject to Bankruptcy Court Approval
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Bankruptcy fraud nets man a prison term
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New Bankruptcy Opinions
(No new opinions today)

Creditors win from new Edwards bailout plan
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Bankruptcy Reform:

Sensenbrenner Proposes Bankruptcy Staff Meetings
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A bankrupt proposal
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Ex.-U.S. magistrate files for bankruptcy
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Bank of America, Other Big Lenders Stomp on Wall Street's Turf
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Bankrupt smelter sends workers home
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Pryor Resources plans to seek bankruptcy protection amid legal battle
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Court Continues Comdisco Bid Procedures Hearing To Monday
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Fort Worth physicians group files for bankruptcy

Providence: Factory cited in waste case files petition for bankruptcy
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Envisionet:

EnvisioNet nears deal for financing, buyout
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California company offers to buy EnvisioNet for $12 million
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Possible partner to assist Envisionet
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Wolf Camera Wins Final DIP Approval For $10 Mln Loan
(WSJ: separate paid subscription required)

SunCruz sale got high-level push
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Bridge:

Reuters sues SunGard for Bridge tampering
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Reuters Files Complaint Against SunGard Data Systems, Inc.
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Rumblings Turn To Predictions: Defaults Are On The Way
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Genesis Health Seeks Court OK For $415 Million Exit Loan
(WSJ: separate paid subscription required)

Bad credit and bad mortgages go hand-in-hand
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Waste Systems Obtains Approval Of Sale Bidding Procedures
(WSJ: separate paid subscription required)

Bankruptcy Judge Approves Asset Bid for Richmond, Va., Conference Planner
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Korea:

Ex-Daewoo Execs Get Prison in SKorea
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Daewoo chiefs jailed and fined
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Korea's Daewoo execs set to appeal record fines
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Creditors may sell Daewoo Electronics
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Australia:

Attorneys-general to tackle lawyer bankruptcy/tax loophole
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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.