July 3, 2001 Daily Bankruptcy News

July 3, 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

Power Utilities: Creditors of PG&E Want to Hire PR Firm (DBN Subscription Required) Pickett's Charge - Southern California Edison GC Stephen Pickett is battling to save his company and his state from disaster (DBN Subscription Required) Calif Heats Up, Power Supply Ok (DBN Subscription Required) Developments in California's energy crisis J.P. Morgan, CSFB Opted Out of Edison Financing, Bankers Say (DBN Subscription Required) Corporate casualties - PG&E executives are receiving bonuses, while some of its veteran employees have been waiting months for their disability checks Calif. controller releases details on power contracts (DBN Subscription Required) Duke Releases Calif. Energy Records (DBN Subscription Required) California narrowly averts blackouts as temperatures soar (DBN Subscription Required) PG&E's call center getting an earful (DBN Subscription Required) Why Suppliers Get Away with Huge Profits / Manipulation of Power Market Appears to Be Legal, Experts Say (DBN Subscription Required) Energy's cloudy future: State can't slip into grasp of the utilities (DBN Subscription Required) Duke fights back against price gouging accusations (DBN Subscription Required) This Shock Comes from Bills, Not Power Flow (DBN Subscription Required) Duke Energy Will Offset Receivables above FERC Proxy Price (DBN Subscription Required) Power-Hungry Davis Pointing the Finger (DBN Subscription Required) ____________ USG targets revamp that caps liability - Stockholders and creditors are vulnerable (DBN Subscription Required) Payless, lender reach financing deal; company to close 42 stores (DBN Subscription Required) Foley & Lardner Attorneys Instrumental in Florida Legislation Governing Secured Transactions (DBN Subscription Required) Bankrupt Dimac Marketing Partners Seeks Equity Investor or Buyer (DBN Subscription Required) IMAX's run with Edwards ends in bankruptcy court (DBN Subscription Required) Telecoms: Arch Wireless says unit misses interest payment (DBN Subscription Required) Deals & Deal Makers: Bondholders press telecom firms to halt spending sprees ______________ Wolf Camera Relies on Powell Goldstein; Creditor Panel Taps Kritzer & Levick (DBN Subscription Required) Aladdin Resort makes key payment Appellate court upholds $4.5 million verdict against Cherry Hill for forcing business into bankruptcy	Amresco: Subprime lender Amresco goes bankrupt (DBN Subscription Required) AMRESCO files for bankruptcy protection (DBN Subscription Required) Asset Backed Market Unaffected BY AMRESCO Bankruptcy (DBN Subscription Required) ________________ Creditors Paid Off With Interest In Unusual Bankruptcy Case (DBN Subscription Required) BIGLAW: Prosperity Meets Reality (DBN Subscription Required) American Homestar: Homestar to focus on Southwest US (DBN Subscription Required) American Homestar Announces Approval and Mailing of Its Disclosure Statement and Proposed Plan of Reorganization (DBN Subscription Required) _______________ SunCruz: Kidan leads SunCruz as lenders fight back (DBN Subscription Required) Hollywood pushes to oust SunCruz gambling ship from city (DBN Subscription Required) Lenders ask judge to pick trustee to reorganize SunCruz (DBN Subscription Required) _______________ Indiana: Filings for bankruptcy are on a record pace (DBN Subscription Required) Bankruptcy Reform: Senate organizational agreement passed (DBN Subscription Required) _________________ NextWave: NextWave makes 3G move with Lucent (DBN Subscription Required) _______________ US corporate bonds slog through second quarter (DBN Subscription Required) Junk bonds get even riskier (DBN Subscription Required) Claridge: Claridge under Park Place sees better times ahead (DBN Subscription Required) Claridge officers victims of Park Place takeover (DBN Subscription Required) ______________ Stage Stores Announces Approval of Disclosure Statement (DBN Subscription Required) Washington Group Submits Documents Supporting $469 Million Adjustment to Raytheon Engineers & Constructors Purchase Price (DBN Subscription Required) Metromedia seeks new lenders to help close loan Kendleton to revive police department - Move follows town's bankruptcy filing (DBN Subscription Required) Stevens Financial Group case to remain in Arizona (DBN Subscription Required) Dayton: Ochs Industries files for Chapter 11 Texas: Unpublished Case Law May Be Cited Under Proposed Rule (DBN Subscription Required)	New Bankruptcy Opinions (1 new opinion today) Leak at Baker Continues With Loss of 3 Partners, Including A Bankruptcy Partner (DBN Subscription Required) Defy debt, court credit - Strategies for getting out of debt and repairing your credit (DBN Subscription Required) Sunbeam Corporation and Its Chapter 11 Debtor Subsidiaries Extend Deadline to Vote on Plans of Reorganization (DBN Subscription Required) Big steel suffers from failure to give and take Federal-Mogul's stock slump continues, bankruptcy concerns (DBN Subscription Required) From high-tech to homeless - Silicon Valley slump leaves suddenly impoverished workers living in shelters Metricom: Metricom files for Chapter 11 (DBN Subscription Required) Ricochet wireless Net provider files for bankruptcy (DBN Subscription Required) Wireless Facilities to take $13.6 mln Metricom charge (DBN Subscription Required) Metricom files for Chapter 11 bankruptcy protection (DBN Subscription Required) __________________ Crown Castle International Announces Insignificant Financial Exposure To Metricom (DBN Subscription Required) Fleming's Final Bid Depends On Final Inventory Foster & Gallagher: Horticulture company wilts into bankruptcy (DBN Subscription Required) Thousands Lose Jobs at Foster & Gallagher (DBN Subscription Required) F&G fallout may drain ESOP - Bankruptcy obligations could wipe out employee stock plan (DBN Subscription Required) Spring Hill Nurseries' parent company bankrupt (DBN Subscription Required) ______________ Dying deal leaves US Airways in limbo (DBN Subscription Required) England: EDC a large creditor of 360net - Crown corporation tied to line of credit (DBN Subscription Required) Kirch World Cup TV buy (DBN Subscription Required) ______________ Japan: Failed textile firms leave record debt (DBN Subscription Required) ________________ Scotland: Scottish failure second-worst in UK (DBN Subscription Required) ______________ Weather Forecast: Enter City, State, or Zipcode: