July 5, 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

         
AMF:

AMF files for bankruptcy
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AMF: Bowling alley unit files for protection
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AMF Files for Chapter 11 Protection
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Thomas Warmus faces Florida bankruptcy fraud case
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Laidlaw Files for Bankruptcy
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Livent:

Livent Execs Facing Fraud Charges
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OSC plans hearing into allegations against Drabinsky and other Livent actors
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Bridge:

BridgeDFS book build complete
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Bridge sells 55% stake in BridgeDFS
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Bridge rises as US ties are cut

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Credit Cards Hog Rate-Cut Savings
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Turnaround Specialists Land Atop Recruiters' Wish Lists
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Youthville still trying to satisfy creditors
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Furrs Chairman: Chain Had No Choice But To Sell

Selma: Candy company files for bankruptcy
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Fifty-three former Beloit Corp. workers denied severance pay due to pending bankruptcy
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Steel:

LTV talks with union over concession demands continue
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Harrison Iron buys foundry
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Can John Correnti Save Birmingham Steel?

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Louisiana, MO: Stark Brothers bankruptcy threatens nursery's rich history
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Voxan files for bankruptcy… but it isn’t the end
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Telecoms:

Qualcomm backs off plan to rescue Globalstar, bankruptcy possible
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Metricom leaves $1 billion debt trail
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Metricom: Score one for Goliath
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Taking on Baby Bells Amidst a Crash Landing
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Telecom Slump Has Offices Full of Dead Air
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Reorganizing . . . 

HP asks 14,000 in Asia for pay cuts, time off

Telecom Firm Marconi to Cut 4,000 More Jobs Worldwide
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  Power Utilities:

'Direct Access' to Electricity Unplugged
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Newly Energized - For Texas firms, the only energy crisis involves burning the midnight oil
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Davis seeking cheaper contracts
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Energy Novice to Be Paid $240,000
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Davis Urges Drop in Voltage to Stave Off Blackouts
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Western U.S. Power Prices Exceed Cap as Nevada Faces Second Day of Outages
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State officials accuse power generators of withholding electricity to avoid price caps
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Fun unplugged as energy crisis hums
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California Utility Asks Judge for Extension to Repay Creditors
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Behind California's power crisis is high-stakes commodities market
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Energy notebook for July 4
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Calif. Narrowly Avoids Blackouts
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Dotcoms:

Net fallout puts directors at risk
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Dot-bombs afflicting other Internet sectors
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The meltdown spreads - Shutdowns quicken among B2B consultants and ASPs
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Dot-Com Fizzle's Big Buzz
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Crisis? What crisis?
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Nashville: Craddock's Music Row Web company files bankruptcy
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Dot-com carnage continues  

Phase2Media May Close Its Doors
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Middletown-based restaurant and ice cream chain owes $2.5 million to its largest creditors 

Company withdraws bid for Regent

Video poker machines may bail out bankrupt bakery chain
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Payless Cashways files plan
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Bankruptcy Reform:

Daschle may try to move bankruptcy bill to conference next week
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TCPI - Plan to Reorganize Under Chapter 11; Company Will Continue to - Conduct Business
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Stevens Financial Group trustee hopes to sway judge - Settlement plan, financing could save company, Vern Schweigert says
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Genesis and Multicare File Revised Plan of Reorganization
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Mexico Clears Citigroup's Banacci Buy
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Empire of Carolina Announces Sale of Substantially All of Its Toy Operations
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New Bankruptcy Opinions
(1 new opinion today)

National Airlines: Rumors fly as carrier seeks buyer - Tourist airline may be interested suitor
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Lernout & Hauspie:

L&H reaches deal to sell Mendez unit
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L&H Founders Go Free Pending Criminal Trial
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Lionbridge set to buy L&H unit for $33M 

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NextWave:

NextWave Telecom Awards Contract
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NextWave got $200 million financing pact from BFD
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The NextWave in wireless?
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Japan:

Japan's economy to suffer a recession this year, say TD economists
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What to do about bad loans? (Don't ask the 'nationalists'!)
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Australia:

Bankruptcies up 2.6pc
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One.Tel shortfall edges closer to $1billion 

Australian telecoms slowing down
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France:

15 Companies Bid for French Airlines
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No serious buyer found for AOM/Air Liberte
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AOM-Air Liberte revised bid deadline
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Canada:

Dylex settles BiWay debts with installment payments
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Belguim:

Battling Sabena owners 'go to court'
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Belgian court grants City Bird creditor protection
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England:

Farming 'facing massive job losses'
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Czech Republic:

U.S. bidder for bankrupt plane firm fights on
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Copyright 2001  [BKINFORMATION.COM]. All rights reserved.