June 1, 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

         
Vlasic:

Vlasic Foods to File a Bankruptcy Plan With the Bankruptcy Court Within Two Weeks
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Vlasic gives investors sour goodbye
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Bankruptcy Reform:

Changes To Current Bankruptcy Laws Are Up To Congress
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Bankruptcy attorneys find legislation fails to address core issue
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Finova:

Buffett ups offer for Finova
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Latest offer ups stakes in battle for Finova
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Stage Stores:

Stage Stores Announces Ruling by the Bankruptcy Court Concerning the Adequacy of the Company's Disclosure Statement in Support of Third Amended Plan of Reorganization
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Stage Stores: crt says to amend disclosure statemt
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Vultures: One firm's poison another's meat
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Changes Will Soon Show at TWA after Takeover by American Airlines
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Maxicare:

Agreement with State May Avoid Legal Fight for Southern California HMO
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California Regulators To Maintain Control of Los Angeles-Based HMO
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Wallace's Bookstores:

Creditors Want Loan Records from Banks Linked with Former Kentucky Governor
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Bookstores' Sale Raises $22.9 Million by May 25
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Malibu Entertainment fails to make $6.5mln mandatory payment, may seek bankruptcy
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Telecoms:

Nx Networks Facing Cash Starvation, Possible Bankruptcy
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GTS defaults on debt payments
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Newry, Maine-Based Firm Struggling To Avoid Bankruptcy, Sells Ski Area, Fires 70 Workers
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Hawaii: Isle Arco stations may be returned to owner - They could be sold in the wake of the operator's bankruptcy
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  Power Utilities:

California System Operator, Electric Utilities to Meet Federal Deadline
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Calif. may challenge FERC order to join RTO
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Milbank to lead creditors in Pacific Gas bankruptcy case
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PG&E sails into bonus storm

Power bills burning a hole
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Should California Buy All of Edison?
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California Loses Round in Fight for Federal Energy-Price Caps
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George Bush goes to California: Politicians beware: Californians are cross
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CEO of Tulsa, Okla.-Based Energy Firm Calls for Help for California Utilities
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Interstate grid a hang-up in arbitration, source says

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Baldwin Piano may be playing bankruptcy blues
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Dotcoms:

The Internet Company's Customer List: Asset or Liability?
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Music.com nears bankruptcy
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Fate of North Carolina Internet Companies Mirrors Tech Economy
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Kansas City, Mo., Internet Company Folds
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Rite Aid dodges bankruptcy bullet
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Cisco Seeds: Farmers buck up for another bankruptcy
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US credit card late payments jump in April-Moody's
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Armstrong World cuts DIP credit line to $200 mln
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Xerox:

KPMG finds Xerox books clean
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Xerox auditor confirms no 'fictitious transactions': Misapplied practices
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Minneapolis-Based Dating Service Goes Bankrupt
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Paracelsus Healthcare gets ct OK on amended reorg plan --Paracelsus Healthcare gets ct OK of 5.5mln govt claims settlement
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Olympus Healthcare group files Chapter 11

GST Steel shuts down KC plant

Tennessee Firm Abandons Plans To Sell Riverside, Calif.-Area Medical Group, May Seek Bankruptcy
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New Bankruptcy Opinions
(2 new opinions today)

For Bankruptcy Lawyer, No Time Like the Present - Corporate specialist G. Larry Engel is in such demand he's a virtual prisoner in his office. He can't afford any time off
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Movie Theater Industry:

Pacific Capital shuns Loews bail out
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Cineplex to close 500 screens
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AMC Entertainment Plans to Close 249 More Screens
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Loews deal still on after partner departs
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Silver lining for silver screens?: The cinema industry faces a tough time as an overbuilding of theatres has led to many chains being threatened with bankruptcy
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Chicago Developer Looks for New Contractor for Pier Project
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AMC Spares Tampa, Fla., Area in Theater-Closing Spree
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Marketing Specialists:

Jacksonville, Fla.-Based Marketing Firm Absorbs Bankrupt Competitor's Business
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Hearing Scheduled for Acosta and Marketing Specialists Consolidation Agreement
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32 Million American Families at Risk for Bankruptcy
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Vencor:

Vencor: Court Reverses Fraud Suit Decision; Case against Kentucky Firms Revived
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The Opinion

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Haunted by Bankruptcy? Make it a Ghost of Past
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England:

Highland Fling
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Law case review - Liquidation costs
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A hard lesson for British dot.coms: Why the game should be up
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Japan:

Failed Dot-Com President Scores Big
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Switzerland:

Cloud hangs over Fifa after ISMM's collapse  

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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.