June 15, 2001 Daily Bankruptcy News

June 15, 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

Wilkinson: Wilkinson reported way over his budget (DBN Subscription Required) Wilkinson investors from campus, political circles (DBN Subscription Required) ______________ Seven Charged With Bankruptcy Fraud For Hiding Sports Cars, Rolexes, Other Possessions (DBN Subscription Required) Power Utilities: Light Around the Bend? (DBN Subscription Required) 2 California Utilities on Divergent Paths (NYT: separate free registration required) PUC Acts to Aid Alternative Energy Suppliers (DBN Subscription Required) FERC set to extend power caps / Government sources say price controls will be round-the-clock New Calif. Energy Price Limits Likely (DBN Subscription Required) Some Try to Con Edison (DBN Subscription Required) State Objects to Power Pricing Formula (DBN Subscription Required) Developments in California's energy crisis CPUC adopts SoCal Edison rescue plan provisions (DBN Subscription Required) Federal Energy Panel Finding Itself Pushed and Pulled Toward Change (DBN Subscription Required) Politics Heat Up in California Energy Mess (DBN Subscription Required) Anniversary of California Blackouts Rolls Around (DBN Subscription Required) Senate committee to investigate power plant sales New Pacts Could Ease Blackouts: Edison Crafts Five-Year Deals to Help Relieve the Fiscal Burden on Its Alternative Energy Suppliers (DBN Subscription Required) ________________ Florfax Files Bankruptcy To Facilitate Sale (DBN Subscription Required) Bankruptcy Trustee of Southeast Banking Corporation Announces Settlement of Litigation (DBN Subscription Required) Movie Theater Industry: Onex takes reins of U.S. cinema chain (DBN Subscription Required) Onex to boost cinema holdings (DBN Subscription Required) Loews Gets More Time to Develop Buyout Plan (NYT: separate free registration required) ________________ The Spreading Gloom (DBN Subscription Required)	Judge to name examiner in WGI bankruptcy (DBN Subscription Required) Bankrupt Fruit of the Loom to hold auctions (DBN Subscription Required) Steel: House Lawmakers Flock to Steel Quota Bill (DBN Subscription Required) Suppliers of LTV to try talks with USW Steel yourself for a trade war (DBN Subscription Required) ________________ WestPoint Stevens stock slides, debt payment looms (DBN Subscription Required) Telecoms: More bad times for telecoms (DBN Subscription Required) PSINet Reveals ILH as Chile Buyer (DBN Subscription Required) _________________ Advice to investors: Buy nothing (DBN Subscription Required) Dotcoms: Auctions Bid Goodbye to Failed Dot-Coms (DBN Subscription Required) Many private equity firms are licking their dotcom wounds and turning to calmer waters (DBN Subscription Required) ______________ Bankrupt Intrenet Trucking Retains Keen Realty To Market And Sell Three Trucking Facilities (DBN Subscription Required) More layoffs at crippled Baldwin - Chief financial officer resigns (DBN Subscription Required) Former premier dining site sold - Bankrupt Peerce's auctioned to Girls' Life owner for $1.91 million Henley Healthcare Announces Foreclosure Sale of Sugar Land Facilities (DBN Subscription Required) Limited liability comes under attack (DBN Subscription Required) Restructuring. . . GlaxoSmithKline to Cut 1,000 Jobs American Express Trims 100 Workers Emery Eliminates 900 Jobs JDS weighs 4th round of job cuts Tribune Announces Job Cuts, Buyouts Sara Lee Discloses Layoffs at HQ Xerox to Shut Some Units, Cut Jobs Kimball to Restructure, Cut 200 Jobs Mail-Well to Cut 1,200 Workers Trendway to Eliminate 450 Jobs Trendway to Eliminate 57 Jobs _______________	New Bankruptcy Opinions (1 new opinion today) Second suitor vies for National Airlines (DBN Subscription Required) Customer May Lose His Shirt As Clothes Maker Goes Bellyup (DBN Subscription Required) Dow Corning sees recovery from bankruptcy next year Former L&H CEO to Stand Trial in Belgium (DBN Subscription Required) Portland, ME: Envisionet Computer Services Files Ch. 11 (DBN Subscription Required) Judge Rules on Wachovia Shareholders (DBN Subscription Required) Argentina: Aerolíneas Argentinas in freefall (DBN Subscription Required) ______________ France: French could make corporate job cuts illegal ______________ Japan: Corporate bankruptcies continue to rise (DBN Subscription Required) Bush aide says Japan must resolve bad loan problem (DBN Subscription Required) _______________ Columbia: Colombian airlines threaten bankruptcy (DBN Subscription Required) ________________ Switzerland: Swissair's Corti denies reports on possible bankruptcy filing (DBN Subscription Required) Swissair to refuse new lifeline to AOM-Air Liberté SAirGroup's AOM-Air Liberte's Rochet says company to file for bankruptcy soon (DBN Subscription Required) Troubled Subsidiaries Could Send Teetering Swissair Over the Edge (DBN Subscription Required) AOM Air Liberte on the point of bankruptcy (DBN Subscription Required) ________________ Bosnia: Bosnian president warns country facing bankruptcy (DBN Subscription Required) _______________ Weather Forecast: Enter City, State, or Zipcode: