July 6, 2001 Daily Bankruptcy News

July 6, 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

S&P Warns of Bleak Outlook for Retailers (DBN Subscription Required) Steel: LTV, Union Near Contract Settlement (DBN Subscription Required) Steel imports fall 41% ______________ Telecoms: Telecoms switch-off shatters Marconi's high-tech dreams (DBN Subscription Required) Telscape Bankruptcy Auction to Occur on July 10 (DBN Subscription Required) Behind the Metricom meltdown - How did the once-hot company lose its way? Broadband2Wireless files for Ch. 7 (DBN Subscription Required) _________________ Dotcoms: Dot-Com Layoffs Dip as Overall Job Cuts Rise (DBN Subscription Required) eToys Faces Class Action Lawsuit (DBN Subscription Required) Consultants face crisis (DBN Subscription Required) E-limination: 2 dot-coms failing every business day (DBN Subscription Required) Internet firm CitX seeks shelter of Bankruptcy Court (DBN Subscription Required) _______________ Bankruptcy Reform: In Florida, Fraud Doesn't Matter. Will Congress Object? (NYT: separate free registration required) ________________ Wilkinson takes the Fifth - 140 times (DBN Subscription Required) Bankrupt F&G Couldn't Overcome Lost Sweeps Business (DBN Subscription Required) BPI Packaging Technologies, Inc. Announces the Foreclosure By Its Primary Secured Lenders and Sale of Assets (DBN Subscription Required)	Power Utilities: FERC judge pushes for Calif refund plan on Friday (DBN Subscription Required) Power Crisis Developments Calif. asks SEC to review PG&E utility transfers (DBN Subscription Required) Ratepayers Seek Bankruptcy Voice Bankrupt PG&E seeks approval to pay franchise fees (DBN Subscription Required) Ratepayers unlikely to join panel Attorney general asks SEC to probe PG&E corporate structure Judge delays ruling on ratepayers' committee _______________ Pressed airlines find new route to debt finance (DBN Subscription Required) Group wants court to allow baseball games in Williams stadium during bankruptcy proceedings (DBN Subscription Required) Partners bidding for Regent resort break up Fried, Frank frets over post-Pitt vacuum (DBN Subscription Required) Manor Care buys creditors' rights to joint venture (DBN Subscription Required) Bankrupt Aerovox Announces Voluntary Withdrawal from Nasdaq National Market (DBN Subscription Required) Manugistics Planning An $8 Million Deal for Bankrupt SpaceWorks (DBN Subscription Required) Camp Wood Debt May Force Bankruptcy on Texas City (DBN Subscription Required) Starks Brothers Nursery closes in Louisiana (DBN Subscription Required) Little Rock: Arkansas attorney convicted of bankruptcy fraud hid record as felon (DBN Subscription Required) Salt Lake City: TRAX Suit Drives Student Into Bankruptcy (DBN Subscription Required)	New Bankruptcy Opinions (2 new opinions today) Lernout & Hauspie: L&H sells Mendez for a song (DBN Subscription Required) ______________ Troubled Yonkers Co-op Finances a Fresh Start Through Bankruptcy (DBN Subscription Required NYT: separate free registration also required) Corporations Use NAFTA Clause to Sidestep Labor, Environmental Laws (DBN Subscription Required) Canada: Uniforêt Inc. Gets Court Protection For An Additional Delay (DBN Subscription Required) ________________ France: AOM, Air Liberte Rescue Bids Flawed (DBN Subscription Required) _____________ Japan: Millionaire-turned-vagrant dreams of being rich again (DBN Subscription Required) ______________ England: Millionaire Backer Bails Out Lady V (DBN Subscription Required) Rebel Redstone investors to unveil alternative rescue plan (DBN Subscription Required) _______________ Australia: Pay up or lose the plane: operators face new rules on airport service fees Bankruptcies soar to a record ______________ Korea: Creditors consider separate sale for Daewoo Motor assets (DBN Subscription Required) ______________ Weather Forecast: Enter City, State, or Zipcode: