June 14, 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

         
Movie Theater Industry:

Onex, Oaktree buy General Cinema Theatres
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Onex to boost cinema holdings: Latest deal not dependent on US$900M bid to buy Loews Cineplex, company says
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Onex to buy General Cinemas
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Bankruptcy court blocks Loews Cineplex creditor bid
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Onex, Oaktree to buy troubled General Cinema Theatres for $55 million
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Dotcoms:

Advantages to Filing a Bankruptcy for a Dot-Com Company
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Interesting Details Emerge in ecampus.com's Bankruptcy Petition
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Power Play in Bankruptcy Court - Court favors COLO.com in dispute over utility security deposit
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Dot-com service companies feel burn
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Physiciansite.com Files for Bankruptcy
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Restructuring . . .

Polaroid Cutting 2,000 Jobs
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UpRight files bankruptcy - Selma firm says Union Bank wants $20m credit line paid
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Finova:

End in sight for Finova 

Finova wins OK for rescue plan by Buffett
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Bankruptcy Reform:

Bankruptcy Bills Move Closer to Reality

Representative Oxley on Bankruptcy Conference

Senate Passes Chapter 12 Extension

Daschle to Try and Move Bankruptcy Bill

Grassley Says Reform Chances Not Good

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Judge Julie Robinson:

Bush to nominate bankruptcy judge for district court
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Bush selects Kansan for judgeship
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Baldwin Piano Cutting More Jobs
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Lawyers Make Firm One of the Best in Boston
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Mediq:

MEDIQ Completes Successful Reorganization
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Mediq Emerges From Bankruptcy After Shedding $325 Mln in Debt
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Bankrupt California Monastery Sold at Auction
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Ex-L&H chief denied bail, will head to Belgium
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KU buys bankrupt Oread buildings
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Bankrupt Quad Systems to sell US assets to Tyco Electronics
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  Spartan International workers in contempt after filing involuntary petition after federal receiver appointed
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National Airlines talking to second potential buyer - Judge mentions possibility of closure
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Tech meltdown takes toll on Comdisco: Financing company's troubles are a bad omen for the rest of the venture capital industry
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Warnaco:

Will New Suits Make a Difference at Warnaco?
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Future-Oriented College Students' Credit Card Debt
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McClain & Siegel Expands Houston Bankruptcy Boutique Practice Through Addition of Bankruptcy Attorney Millie Sall

US Credit Card Portfolio Losses Rise 60 BPS
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Video Update gets $5 million DIP
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SunTrust launches share buyback
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Telecoms:

Shake-out in European telecoms now seems inevitable
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Teligent's Credit Extended By Court for Two Weeks
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Steel:

Creditors replace LTV at bargaining table - Union says LTV's vending fighting more for survival than LTV
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LTV Steel Creditors to Meet with Steelworkers
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USWA Welcomes Creditors' Decision to Negotiate New Labor Agreement To Save LTV Steel
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GST Steel workers mull pared-down benefits

Steel Creditors to Talk With Labor
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Good Move By Bush to Protect U.S. Steel -- or Was It?
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Concord: Art gallery owner Berube files for bankruptcy
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Economy:

Stocks Fall on Weak Economic Data
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Telecom, Electric Utility Stocks Lead the Retreat
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Bankrupt bond returns surge in May
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California Acts to Help Taxpayers on Stock Options
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SunCruz Casino:

Casino owner denies mob ties, fraud
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Bankruptcy filing likely within days
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Boulis estate sues to evict Hollywood restaurant
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File claim by July 3 on Ward warranties
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Bankrupt SCT Yarns Inc. ends retirement plans
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Service Merchandise Wants Its Money Back Company Files More Than 1,150 Lawsuits To Recover Money Paid Before Bankruptcy
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New Bankruptcy Opinions
(2 new opinions today)

Power Utilities:

Commission orders SoCal Edison to pay up
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PG&E trustee rips execs' bonus plan
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Blackouts and Businesses: Dying for an Exemption?
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Price Caps Ineffective
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Power Suppliers' Stocks Fall Under Strain of Public Attack
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PG&E hopes for swift return to profitability
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Bankruptcy Seen Nearing As Edison Shores Up Ring-Fence
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Calif. Pins Hopes on FERC, Hails Power Progress
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Parent Company of California Utility Secures Financing Plan to Ease Woes
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Chances of Bankruptcy Filing by SCE Increase
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Calif orders SoCal Ed payments to small generators
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Bankrupt PG&E hopes to restore profit by Q3  

Repaying Huge Power Debts Still Looms as a High Political Hurdle
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State Still Seeks to Veil Portions of Power Pacts
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California to start criminal inquiry into energy price gouging
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California woes dim lights on MBIA
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Calif. power deals seen factor in price decline
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PUC says Edison must pay alternative-energy suppliers
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Bush Officials, Democrats Clash on Energy Plan
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New Zealand:

Creditors eye Hartners' family trusts
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England:

Jobs threat at near-bankrupt automotive firm
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Japan:

Takenaka says Japan can't afford to delay reforms
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Japan bank shares slide on bottom line, economy woes
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Japan's hotel failures in Jan.-May period hit record
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Bankruptcies persist at record high
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France:

AOM-Air Liberte head attempting to stave off bankruptcy
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AOM-Air Liberte won't file for bankruptcy today
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Argentina:

Lack of funds places Aerolineas Argentinas on verge of bankruptcy
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Mexico:

Blockbuster Eyes Bankrupt Mexican Competitor
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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.