June 13, 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

         
Reliance:

Reliance seeks Chapter 11 protection
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Insurer Reliance files for bankruptcy
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Reliance files for Chapter 11, unveils reorganization plan
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Court approves Lechters $86 million financing line
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Comdisco to Seek Chapter 11 Bankruptcy Protection, FT Says
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Power Utilities:

U.S. Bankruptcy Judge Sold Energy Stocks so he Could Keep PG&E Case
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FERC Reportedly Ready To Cap Rates
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Power Deals Exceed Prices on Spot Market
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Cheney says "no" on Calif. power price caps
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Federal Panel May Extend Price Limits
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California-Only Sales Rule Fought by Plant
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Morgan Stanley, Others May Trade PG&E Securities, Reuters Says
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Energy Execs Gain Millions in Stock Sales
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Grand Jury to Look at Energy Suppliers / Inquiry Into Possible Price Manipulation
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Short-Circuiting Supply and Demand
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SoCal Edison sets deal with alternate energy co's
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PG&E attacked by trustee on utility proposal
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Edison refinancing won't help SoCal Edison
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S&P Blames Lawmakers For Ratings Cuts
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Edison Devises Complex Debt Restructuring Plan
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Department of Water Resources Releases Letter Sent to Energy Contractors Regarding Public Disclosure of State's Long Term Power Agreements
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Judge to let some creditors trade PG&E securities
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Southern California Edison Head Comments on Deregulation And The Energy Crisis
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State pins hope for price relief on new Bush regulators

Blackouts' first birthday is this week - Blow out the candles; you may need them later
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U.S. Broadens Inquiry Into Alleged Natural Gas Monopoly
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Governor Set to Reveal Terms of Power Deals / Court Must Decide Confidentiality Issue
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Markets Will Resolve Energy Woes
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Edison notes seen insulating parent
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Senate to Probe West Energy Problems
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Developments in California's energy crisis

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  Chapter 11: The movie
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Dallas Bankruptcy Specialist Joins Jay Alix & Associates, International Turnaround Firm
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Dotcoms:

Online sports sites struggle at the plate
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Here, Dot-Bombs Mean a Boom
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The ASP Trap

IceWeb Acquires Bankrupt LearningStream
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Junk bond defaults hit $50 bln and rising
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Founder of Bankrupt Stan Lee Media Indicted
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Warnaco:

Warnaco keeps going with loan of $600M
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Warnaco, embattled chief get time to mend fences, finances
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Scotiabank big lender to Warnaco
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Warnaco Flounders
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Shareholders Hold Executive Up to Scrutiny
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Clothed in Bankruptcy
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SunCruz Casino:

Hollywood, FL: SunCruz to Declare Bankruptcy
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Mob ties charged in Boulis suit
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Amid mountain of lawsuits, SunCruz to file for bankruptcy
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Bankruptcy Reform:

Credit counseling feeling pinch
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Arbitration's rise raises fairness issue What happens when workers give up right to sue? In some cases, bankruptcy
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W.R. Carpenter's Wholly Owned Subsidiary UpRight, Inc. Announces Intent to Reorganize Under Chapter 11 of the U.S. Bankruptcy Code
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Some credit advisors add to clients' debt  

Steel:

Ottawa slaps on steel duty
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Steel woes could bring turnaround
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Promise of import curbs presents last hope for steel mill: The future looks bleak for Weirton, but the West Virginia town is refusing to go down without a fight
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Wellstone blasts LTV on retiree benefits
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BIS Warns, US economy may take time to recover
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Augusta: Legal complexities ensnare workers at bankrupt mill

Despite Success, Bank Of America Has A Vault’s Worth Of Challenges
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Albequerque: Spa Files for Bankruptcy Protection

 

 

New Bankruptcy Opinions
(No new opinions today)

Outsource International Commences Chapter 11 Proceedings
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Developed nations slow on restructuring
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High-yield market sees return of traditional borrowers
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Telecoms:

360networks stock sinks, debt looms large
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e.spire Receives Final Approval for DIP Financing
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Massachusetts judge to rule Wednesday on ex-L&H CEO
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Kevco, Inc. Announces Sale of Better Bath and Duo-Form Divisions and the Sale of Certain Distribution Operations
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Meet a couple of class acts - 1st grade isn't too soon to learn about finances
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Roanake, VA: Bankruptcy Judge Orders Briefing On Owners' Liability For Firms' Debts
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State Sues Bankrupt Irvine, Calif., Mortgage Lender
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Korea:

Korean corporate debt risk seen growing
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Korea court gives Daewoo Motor time for sale talks
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Switzerland:

FIFA's Blatter Goes on the Carpet After ISL Fiasco
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Australia:

Telstra warns of more telco crashes ahead  

Lucent appoints PricewaterhouseCoopers receivers for its assets in One.Tel
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Japan:

Japan’s economy closer to recession
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Japan asked to pull up socks
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France:

Air Liberte may file for bankruptcy by Friday or Monday
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England:

Tesco heir's laser eye chain goes bankrupt
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Canada:

ICON in interim receivership: Laser eye surgery clinics: 'No money left' to keep firm running even temporarily
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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.