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
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Pickett's Charge - Southern California Edison GC Stephen Pickett is battling to save his company and his state from disaster
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Calif Heats Up, Power Supply Ok
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Developments in California's energy crisis

J.P. Morgan, CSFB Opted Out of Edison Financing, Bankers Say
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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
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Duke Releases Calif. Energy Records
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California narrowly averts blackouts as temperatures soar
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PG&E's call center getting an earful
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Why Suppliers Get Away with Huge Profits / Manipulation of Power Market Appears to Be Legal, Experts Say
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Energy's cloudy future: State can't slip into grasp of the utilities
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Duke fights back against price gouging accusations
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This Shock Comes from Bills, Not Power Flow
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Duke Energy Will Offset Receivables above FERC Proxy Price
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Power-Hungry Davis Pointing the Finger
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USG targets revamp that caps liability - Stockholders and creditors are vulnerable
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Payless, lender reach financing deal; company to close 42 stores
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Foley & Lardner Attorneys Instrumental in Florida Legislation Governing Secured Transactions
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Bankrupt Dimac Marketing Partners Seeks Equity Investor or Buyer
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IMAX's run with Edwards ends in bankruptcy court
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Telecoms:

Arch Wireless says unit misses interest payment
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Deals & Deal Makers: Bondholders press telecom firms to halt spending sprees

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Wolf Camera Relies on Powell Goldstein; Creditor Panel Taps Kritzer & Levick
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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
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AMRESCO files for bankruptcy protection
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Asset Backed Market Unaffected BY AMRESCO Bankruptcy
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Creditors Paid Off With Interest In Unusual Bankruptcy Case
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BIGLAW: Prosperity Meets Reality
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American Homestar:

Homestar to focus on Southwest US
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American Homestar Announces Approval and Mailing of Its Disclosure Statement and Proposed Plan of Reorganization
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SunCruz:

Kidan leads SunCruz as lenders fight back
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Hollywood pushes to oust SunCruz gambling ship from city
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Lenders ask judge to pick trustee to reorganize SunCruz
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Indiana: Filings for bankruptcy are on a record pace
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Bankruptcy Reform:

Senate organizational agreement passed
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NextWave:

NextWave makes 3G move with Lucent
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US corporate bonds slog through second quarter
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Junk bonds get even riskier
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Claridge:

Claridge under Park Place sees better times ahead
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Claridge officers victims of Park Place takeover
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Stage Stores Announces Approval of Disclosure Statement
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Washington Group Submits Documents Supporting $469 Million Adjustment to Raytheon Engineers & Constructors Purchase Price
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Metromedia seeks new lenders to help close loan  

Kendleton to revive police department - Move follows town's bankruptcy filing
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Stevens Financial Group case to remain in Arizona
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Dayton: Ochs Industries files for Chapter 11

Texas: Unpublished Case Law May Be Cited Under Proposed Rule
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New Bankruptcy Opinions
(1 new opinion today)

Leak at Baker Continues With Loss of 3 Partners, Including A Bankruptcy Partner
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Defy debt, court credit - Strategies for getting out of debt and repairing your credit
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Sunbeam Corporation and Its Chapter 11 Debtor Subsidiaries Extend Deadline to Vote on Plans of Reorganization
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Big steel suffers from failure to give and take

Federal-Mogul's stock slump continues, bankruptcy concerns
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From high-tech to homeless - Silicon Valley slump leaves suddenly impoverished workers living in shelters

Metricom:

Metricom files for Chapter 11
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Ricochet wireless Net provider files for bankruptcy
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Wireless Facilities to take $13.6 mln Metricom charge
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Metricom files for Chapter 11 bankruptcy protection
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Crown Castle International Announces Insignificant Financial Exposure To Metricom
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Fleming's Final Bid Depends On Final Inventory

Foster & Gallagher:

Horticulture company wilts into bankruptcy
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Thousands Lose Jobs at Foster & Gallagher
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F&G fallout may drain ESOP - Bankruptcy obligations could wipe out employee stock plan
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Spring Hill Nurseries' parent company bankrupt
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Dying deal leaves US Airways in limbo
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England:

EDC a large creditor of 360net - Crown corporation tied to line of credit
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Kirch World Cup TV buy
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Japan:

Failed textile firms leave record debt
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Scotland:

Scottish failure second-worst in UK
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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.