July 30, 2001 Daily Bankruptcy News

July 30, 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

GE Capital to Pay $5.3 Bln for Heller (DBN Subscription Required) A bad day for tech: 31,000 jobs slashed Several companies announce layoffs (DBN Subscription Required) Chase open on offer for Teligent (DBN Subscription Required) Bankruptcy trustee calls for Essential shutdown - Says Burlington firm is unlikely to survive despite Ch. 11 filing (DBN Subscription Required) Steel: Time runs out for steelmakers: Anti-dumping sanctions won't save them (DBN Subscription Required) Laclede Steel files again for bankruptcy (DBN Subscription Required) LTV and steelworkers' union deal may fall through (DBN Subscription Required) Bankruptcy court considers new LTV Steel labor contract Questions mount about LTV sale as other steelmakers tour plant AK Steel Completes Bankruptcy Acquisition of Specialty Tube Maker (DBN Subscription Required) LTV Shareholders, Note Holders Object to Deal With Union (DBN Subscription Required) Evidentiary and Discovey Privileges in Bankruptcy (DBN Subscription Required) _________________ Judge rejects motion to limit release of Wilkinson's returns (DBN Subscription Required) Pacificare stops efforts to obtain senior note financing (DBN Subscription Required) Industry Insight: Snyder's Golden rule (DBN Subscription Required) Bankruptcy Reform: On Banking (DBN Subscription Required) Pending bankruptcy reform legislation could put a big squeeze on small business _________________ Fruit of the Loom Reports Continued Improvement (DBN Subscription Required) Bondholders File Involuntary Ch 11 Vs Epic Resorts LLC (WSJ: separate paid subscription required) Level 3 shares fall, bonds up on possible debt cut (DBN Subscription Required) Protecting Financial Privacy Has a Flip Side (DBN Subscription Required) W.R. Grace to File Hazardous Sites List With Justice Dept. (DBN Subscription Required) Airlines: Customers, employees likely relieved by new National extension from Harrah's (DBN Subscription Required) Group may aid ailing Fine Air (DBN Subscription Required) ________________ Court Lets Winstar Help Intl Affils Liquidate,Sell Assets (WSJ: separate paid subscription required) Payless Employees Await Word on Severance Packages (DBN Subscription Required) Losing a home so easy, it's scary (DBN Subscription Required) Dolphin Telecom files for bankruptcy protection (DBN Subscription Required) Lechters Seeks Approval Of $7.8M Employee Retention Plan (WSJ: separate paid subscription required)	Power Utilities: Huge PG&E bankruptcy case creates many conflicts of interest (DBN Subscription Required) Court Says PG&E creditors won't be shielded in dealings (DBN Subscription Required) 5 State Energy Advisors Fired Over Conflicts (DBN Subscription Required) Edison to let Bankruptcy Protection Deadline Pass as it Negotiates With State (DBN Subscription Required) Assembly hiatus won’t leave Edison in lurch (DBN Subscription Required) Huge Fees, Many Conflicts In PG&E Case (DBN Subscription Required) Calif. Gov. Pushes for More Power (DBN Subscription Required) Energy Landscape Is Forever Altered (DBN Subscription Required) Calif. Lawmaker Enjoys Largesse (DBN Subscription Required) No rush on power legislation (DBN Subscription Required) Calif Legislative Deadline Won't Trigger SoCal Ed Filing (WSJ: separate paid subscription required) Power woes push Davis away from cautious style - Governor’s aggressive moves could backfire if crisis deepens, analysts say (DBN Subscription Required) ______________ Dotcoms: Just one euro saves Scoot.com from bankruptcy (DBN Subscription Required) Dot-Com Carrion From Burden To Bargain (DBN Subscription Required) __________________ Tristar: Tristar Corporation to Seek Protection Under Federal Bankruptcy Laws (DBN Subscription Required) Tristar Corp. in talks with lender for interim financing (DBN Subscription Required) ________________ Regulators Shut Down Chicago Area Thrift (DBN Subscription Required) Tech job losses worldwide lead to blame game (DBN Subscription Required) Avteam's bankers likely to liquidate (DBN Subscription Required) The L.L. Knickerbocker Co., Inc. Reports Filing of Motion for Order Approving Overbid Procedures and Topping Fee in Connection With Sale of Company's Assets (DBN Subscription Required) Sunbeam Has OK For Aug 20 Auction Of Clippers Business (WSJ: separate paid subscription required) More bidders seen for Florimex unit (DBN Subscription Required) Brennan: Fallen penny stock king who lived a double life: He was a generous donor, but 'the bad half is pretty bad' (DBN Subscription Required) Appeal possible: Brennan expresses no remorse for fraud For sale: A rich man's playground _______________ New Orleans: Police major accused of threatening federal prosecutor in bankruptcy fraud case (DBN Subscription Required) Investor bankrolls NorthPoint lawsuit - Bankrupt telecom now has financial muscle to battle Verizon	New Bankruptcy Opinions (1 new opinion today) Bankruptcy Jobs More Americans struggled with card payments in May (DBN Subscription Required) Heilig-Meyers gets replacement DIP from CIT (DBN Subscription Required) Goldings asks for financial help - Accused lawyer writes friends seeking aid to repay claims (DBN Subscription Required) New Orleans: Number going bankrupt climbs - Federal judge gets in long debtors' line (DBN Subscription Required) Court Grants Dyersburg One Last Shot At Ch 11 Liquidation (WSJ: separate paid subscription required) Basketball league owners look to buy CBA name in bankruptcy court Going Under - week of July 23, 2001 (DBN Subscription Required) Kazakhstan: Kazakh head signs into law legislation on bankruptcy (DBN Subscription Required) _______________ Canada: TIW's Dolphin Telecom seeks creditor protection (DBN Subscription Required) Telesystem unit files for bankruptcy protection (DBN Subscription Required) ______________ Japan: Landslide gives Japanese leader mandate for economic reform (DBN Subscription Required) Economic reform faces first test (DBN Subscription Required) Business leaders push for details on structural reform (DBN Subscription Required) Pain and gain _____________ France: Court backs pilot-led bid for AOM-Air Liberté (DBN Subscription Required) French court rules in favor of AOM-Air Liberte bid led by former air force captain (DBN Subscription Required) Swissair Will Pay AOM/Air Liberte 228.7 Million Euros (WSJ: separate paid subscription required) _______________ England: End of the line for receivers? (DBN Subscription Required) Broken hearts Women Empowering Women - what could be bad about a scheme like that? Plenty, if thousands are left in debt. (DBN Subscription Required) Ministers plan leniency for 'honest' bankrupts (DBN Subscription Required) The scam to spread foot and mouth (DBN Subscription Required) Card issuers reject call for clearer terms Web closes in for online accountants (DBN Subscription Required) __________________ Russia: Don't Bank on Russian Bank Reform _______________ Weather Forecast: Enter City, State, or Zipcode: