July 9, 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

         

Steel:

Innovative Pact Between USWA, LTV Creditors
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Bankruptcy judge due to review agreement between union, LTV creditors 

The reluctant hands that have fed LTV
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LTV deal would delay raises, reduce staffing
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Deal struck with LTV creditors  

General Motors to Quit Buying LTV Steel
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GM to drop LTV as supplier at year end, complicating steel maker's Chapter 11 exit
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U.S. Steel To Test Appetite For Steel Junk Bonds
(WSJ: separate paid subscription required)

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Bridge:

Bridge's U.K. reporters threaten strike
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Bryan Cave earns $486,104 from Bridge bankruptcy

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Matlack Systems Seeks To Protect Drivers Under Ch 11 Stay
(WSJ: separate paid subscription required)

Commodore Cruise:

Hollywood, Fla.-Based Cruise Firm Begins to Liquidate Its Assets
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Cruise line will liquidate
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Prime looking to sell 6 malls  

It’s curtains for Boise IMAX
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Citizens eyeing Mellon branches
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Telecoms:

Low Prices Force Telecom Strategy Shift
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Latest CEO may be on way to saving ICG
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Verizon Wireless may lose licenses

WorldCom May Take Charge for Metricom Investment, Analysts Say
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Int'l broadband market to fare better than U.S
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And then reality took over
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Level 3 in peril as bonds sink
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Level 3 says it has enough funds to last into 2004
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360Networks whistles in the dark of bankruptcy
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Sometimes It Doesn't Pay to Stick Around After Layoffs
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State suit accuses Maxicare of fraud, breach of contract
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Wolf Camera: Fallen Star
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  Power Utilities:

PG&E and Calpine reach settlement
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California's power crisis could be costliest disaster in state's turbulent history
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PG&E Agrees to Buy Calpine Power for Five Years at PUC-backed Rate
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Calpine Stock Soars, PG&E Debt Fears Gone
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Freeman May Head Calif. Power Agency
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California Ratepayers Unlikely to Join Panel on Utility Company's Bankruptcy
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PG&E to pay Calpine $267 million but still disputes other payments
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Calpine to get full payment of QF receivables from Pacific Gas & Electric
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The People's Power
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Despite Calif Hearings, Edison Deal No Closer To Done
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Public Relations Firm Wins Role in California Utility's Bankruptcy Case
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Baldwin Piano:

Baldwin brand equity linchpin to recovery hopes
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Baldwin Piano in Federal Bankruptcy
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O'Neill Says U.S. Upswing Is Near -- With Help
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Bristol Retail Solutions Inc. Files for Voluntary Reorganization Under Federal Bankruptcy Code
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Fraud Charges Dismissed in Case Tied to O.C. Bankruptcy
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NCLC Report:

Debtors Vulnerable to Chapter 7 Pitfalls - Survey finds many people don't understand 'reaffirmation' process or their legal rights in liquidation bankruptcy
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New NCLC Report Analyzes Consumer Education Needs of Debtors

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Going under - week of July 2, 2001
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Credit Card Companies Look for Any Excuse to Boost Rates
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Don't refinance home to cut debts
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Court case sets stage for decision on whether Web data is really public
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Pliant Systems Announces Pending Sale of Assets
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Life After Tri Valley: Empty canneries stand as reminder of TVG bankruptcy
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New Bankruptcy Opinions
(1 new opinion today)

Bankruptcy Reform:

Reformers miss the boat with bankruptcy legislation
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Hard times for those needing DIP financing
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Dotcoms:

Report: Webvan to seek bankruptcy
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HomePlace Gets Bankruptcy Court OK To Sell Customer Lists
(WSJ: separate paid subscription required)

Out of service
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Net Bargains on Auction Block
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Canada:

B.C. Anglican diocese to go bankrupt Oct. 15
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Cash-squeezed TIW buys time
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Unfair to churches
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May insolvencies jump by 6%, Ottawa says
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The unpaid bills for the residential schools
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Australia:

Mum and dad firms feel GST pinch
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England:

Warrant sales reform plans unveiled
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The subtle art of getting paid
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Japan:

If you've still got a job, you're a loser
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Japan PM Stresses Pain with or Without Reform
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Recession? Not for the shopaholic Japanese 

No bad-loan disposal, no recovery
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Italy:

Pilgrims' road for Assisi dead-ends in bankruptcy
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France:

AOM-Air Liberte has received 2 'very serious' offers
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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.