July 31, 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

         
Bankruptcy Reform:

Conferees could be appointed this week
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Banks Behaving Badly
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Homestead exemption is final hurdle for bankruptcy reform

Moms need to watch bankruptcy bill closely
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Creditors clear hurdle in fight to tighten bankruptcy filings

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Slowdown in Economy Doesn't Keep Law Firms From Hiring
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Intira Corp. files for Chapter 11
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Mooney Aircraft:

Mooney Files For Chapter 11, Furloughs Workers
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Kerrville, Texas, Plane Maker to File Bankruptcy
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Judge Consolidates Bridge, Reuters Suits Against SunGard
(WSJ: separate paid subscription required)

Washington, D.C.: Ex-Greater Southeast owner appeals ruling on pensions

Where the elite meet to pawn their Patek Philippe
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Maxicare to Cease Offering Medicare Coverage in California
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McDonald Investments Names David Powlen Managing Director for its Restructuring Group
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Bankruptcy judge approves sale of CBA name, logo
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CMI Involuntary Bankruptcy Dismissed, Company Amends Credit Facility and Makes Interest Payment
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Ex-CEO: Furr's demise was not necessary
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New Officers For Detroit Consumer Bankruptcy Association
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Baldwin's long legacy may end on a sour note
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Corners Turns the Corner, Emerges From Bankruptcy
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Steel:

Bankruptcy Court OKs LTV Pact
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LTV shareholders balk at union plan
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Wheeling-Pittsburgh Steel Corporation And USWA Agree To Discussions
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An uncertain bet in a high-yield world
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Lawn equipment maker Garden Way files Chapter 11, closes operations
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Federal-Mogul Down 19% On Bankruptcy Concerns
(WSJ: separate paid subscription required)

Hearing held in Anna Nicole Smith appeal
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Furniture retailers attempt to make most of slowdown

Former Kentucky Governor's Bankruptcy Stuns His Owensboro Friends
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USAdvisors Declares Bankruptcy, Folds Operations

Superior Bank:

American 'thrift' bank Superior goes to the wall
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Customers don't trust failed bank
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Failed bank in Illinois reopens
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Bank Reopens to Customers' Questions
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Air Afrique's Fall to Earth - Politics Has Bankrupted the Soaring Dream of 11 African Nations
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Albany, N.Y., Developer Files for Bankruptcy
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Lernout & Hauspie Sign Resellers
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Aladdin Casino fate up in air
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The Joy of P&H after Chapter 11

 

 

Power Utilities:

Who Will Pay for Power -- and How Much -- Back on Front Burner
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High-Voltage Fight Over Inquiry - Enron suit raises specter of constitutional crisis
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Davis' top spokesman bought stock in power firm Adviser denies conflict of interest
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PG&E reports gain
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PG&E's $500,000,000 second-quarter surprise
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Power firms amp up lobbying - Politics: Edison spends $5.5 million to gain support for bailout to prevent bankruptcy
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California's Next Test in Its Power Crisis: Selling $12.5 Billion of Electricity Bonds
(WSJ: separate paid subscription required)

PG&E bonuses just shocking

Calif. Sees $4b Less in Power Refunds
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Davis consultants settle taxpayer lawsuit, give up $50,000 in fees
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California Democrats push FERC on 32 energy cases
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Developments in California's energy crisis
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Gray at the end of the tunnel

PG&E to Record Nonrecurring Income
That Will Partially Offset Huge Charges
(WSJ: separate paid subscription required)

SEC Statement
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Troubled Calif. Utilities Face Lengthy Recovery
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Puget Sound: Big warehouses change hands due to bankruptcy

Telecoms:

NextWave defends right to wireless licenses
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Telecom Sheds Another Asset
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Novo Networks to Reorganize and Shift Focus; Operating Subsidiaries Seek Chapter 11 Relief
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Five Novo Networks units seek Chapter 11 protection
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NextWave Asks FCC to Deny Petition by Competitors -- 'Frivolous' and 'Utterly Meritless' Claims Are Attempt To Delay Network Build Out
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NextWave says qualified to hold wireless licenses
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'Scheme' alleged at World Access

Iridium creditors circle Motorola
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Analysts feud over Metromedia Fiber
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Creditors line up for Adaptive assets
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Dotcoms:

Access denied: Weekly 'net magazine to liquidate assets

Webvan stock certificate sells for $500
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Dot-commer Qdebit files for bankruptcy protection

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Mexican Industry's debt is twice its worth
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Florida: Heyday of payday loans is put to rest
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Chain of Legal Self-Help Centers Offering Bankruptcy And Other Services Is Expanding
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Boulis heirs get SunCruz
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Baltimore: Can Co. property lease freed from bankruptcy

Revised Article 9 of the Uniform Commercial Code: New Standard & Poor's Criteria
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Pillowtex sells blanket division

Portrait of a town in trouble - In a factory city, layoffs' toll shows on people's faces
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New Bankruptcy Opinions
(2 new opinions today)

Bankruptcy Jobs

Bankruptcy boom boosts demand for lawyers
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Halo:

Halo brought down by acquisition
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Halo files for bankruptcy, secures $30 mln
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Halo dimmed by bankruptcy
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Ha-Lo Industries' Chapter 11 Petition Lists $80M In Debts
(WSJ: separate paid subscription required)

CenterPoint Announces Major Tenant Files Chapter 11
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Niles, Ill., Marketing Company Files for Bankruptcy Protection
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NYSE To Suspend, Apply To Delist, HALO Industries
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Slatkin:

Slatkin trustee warns investors about recovery
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Slatkin Trustee Warns Investors
Their Recovery Chances Are Slim
(WSJ: separate paid subscription required)

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Milwaukee: Regent, Giuffre buy bankrupt firm's plants

Funeral Company Bonds Soar as Service Corp., Loewen Reduce Debt
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Canada:

Tech industry presses for stock option tax change: Out-of-money paper may force workers into bankruptcy
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Microcell faces $50-million deadline
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'E-commerce dream team' turns to dust as Itemus fails: Bankruptcy expected
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Japan:

Trouble ahead for Japan's superstar PM
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Japan three years from recovery
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Japan's Jobless Rate at Record High
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Japan's prime minister likely to compromise on reform despite win
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Mitsubishi Trust sells securitized bad loans
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England:

Reforms may reduce social stigma of bankruptcy
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Independent Insurance confirms planned sale of over 50 mln stg worth of assets
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'Honest' bankrupts to get a break
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Barings dispute goes to trial as PwC fails to agree deal with liquidators
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Deal to settle pounds 1bn Barings claim collapses
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Korea:

South Korean court orders former Daewoo owner to repay $194 million
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South Korea's Economy Bogs Down, Slowing Financial Overhaul
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Brazil:

Brazil judge denies GE request to declare Transbrasil airlines bankrupt
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Germany:

Met@box Issues 1 Mln New Shares While in Bankruptcy Proceedings
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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.