July 27, 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

         
Tech law firms face disturbing patterns
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Bankruptcy Ruling Fuels Criticism of the Securities Investor Protection Corporation
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Bankruptcy standoff over Washington Group may benefit creditors
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HomeLife call center cuts jobs
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Dotcoms:

Where all that money went
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e-train.com learns a hard lesson
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Dot-Com Assets Auctioned
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Durham, N.C., Online Marketplace for Builders May Face Bankruptcy

Sylvan Reports $13.4 Million Loss, Cites Division's Bankruptcy
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Consumers lose out at close of CyberRebate
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Quokka croaks it
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Factory Card Outlet Announces Adjournment of Confirmation Hearing
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Missoula: Rock 'n' Roll Daze: Financial woes stop the music - Corporation notifies creditors of plans to file for bankruptcy
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PacifiCare:

PacifiCare looking for alternative financing, bankruptcy possible
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PacifiCare Dives After Analyst Says Bankruptcy Possible
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Steel:

US Senate Panel Seeks ITC Probe Of Steel Imports
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CSC Ltd To Liquidate After Assets Draw No Bids
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Tilden Mine Experiences Equipment Outage
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Nursing home sues in bankruptcy court to remain open
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U.S.A. Floral hopes auction will sweeten sale of unit
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Companies having trouble paying loans
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GNI Group's Ch 11 Plan Would Pay 5% Of Unsecured Claims
(WSJ: separate paid subscription required)

Bio-Plexus Emerges From Bankruptcy Protection With New Financing Plan
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A Chapter 7 Corporate Discharge? FDN, Inc. Receives Discharge From Bankruptcy Court for Both Subsidiaries
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  Telecoms:

Chase open on offer for Teligent
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Leading the way lucidly at Lucent
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Wireless firms offer plan to help solve $17b auction dispute
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Struggling Globalstar Gets Order
From Italy for Satellite Phones
(WSJ: separate paid subscription required)

360networks announces delisting from the Nasdaq Stock Market
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Ad agency forces Mondetta into protection
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Five Teligent Officers Resign, Including CEO, CFO
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Interep Snaps Up Winstar Interactive Media

PSINet Wants Court To Let It Sell Some Operations Quickly
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Adaptive Broadband:

Adaptive Broadband files for Chap. 11
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Adaptive Broadband Corporation Files a Voluntary Petition for Chapter 11
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Friede Goldman:

Bankruptcy court terminates Friede's contract with Petrodrill
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Friede Goldman Halter Announces Rejection of Petrodrill Contract
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Asbestos:

Chapter 11 fails to hurt Grace much
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Federal-Mogul Needs A Fire Wall From Asbestos Lawsuits
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Federal-Mogul shares fall after pension plan revamp
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Debt-laden Network Commerce gets reprieve, avoids bankruptcy
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St. Louis Symphony Orchestra must raise $20 million, or face bankruptcy
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Bridge:

Office-park is the setting for rivalry turned ugly
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Reuters Sues SunGard for Interfering With Asset Purchase
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Casual Male Corp. Seeks Court OK To Close 81 Stores
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New Bankruptcy Opinions
(3 new opinions today)

Bankruptcy Jobs

Power Utilities:

SCE bill could mean re-regulation
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Edison Rescue Bill Shelved in California Assembly Until August
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SoCal Ed. says hopeful despite rescue bill delay
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Calpine's Net Soars, Topping Estimates
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California Utility Questions State's Electricity Cost Analysis
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Calpine rides the power wave into Canada
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Calif Assembly To Adjourn Thursday Without Edison Rescue Deal
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The Battle For Golden Books Breaks Out
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Brennan:

Penny Stock Promoter Sentenced In Bankruptcy Fraud Conviction
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Former Penny Stock Promoter
Receives Nine Years in Prison For Bankruptcy Fraud
(WSJ: separate paid subscription required)

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Warnaco - Potential Buyers Expressing Interest
(WSJ: separate paid subscription required)

Some High Tech Execs Don't Feel Layoff Pain
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Judge extends credit line for National Airlines
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It still pays to pay on time: Even use of `rapid rescoring' can't change bad credit history 

Bowling chain reorganizes under Chapter 11
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Frank's Nursery trims stores
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France:

CMR declared insolvent
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Germany:

HypoVereinsbank sees higher credit risks as bankruptcies mount
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Korea:

Hynix to ask creditors for help next week
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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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