June 21, 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

         
Power Utilities:

Plan Won't Raise Rates, Davis Says
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Milbank, Committee Counsel, Bulks Up LA Bankruptcy Practice With Addition of Gregory Bray From Strook
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California Bilked, Governor Claims
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Board Votes to Let State Tax Power Plants
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Experts say state must seize the day /  Price caps set stage for future  

State to Pay Electric Bill With Loan, Not Taxes
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California's Davis Demands 6.7 Bln USD Refunds for State Power Purchases
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Hearings begin into Southern California Edison assistance proposal
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Southern California Edison says deal cut with QFs
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Developments in California's energy crisis

Davis' spinmeisters draw heat from watchdogs / State controller refuses to pay energy advisers 

California Residents Bear Energy Crisis Brunt
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Showdown Next Week in Energy Wars
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And Gov. Davis blames Texas?  

The man for the job from hell
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Watch Your Tax $$$ Disappear

Politics, Power Dominate California Hearing
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Slump keeps truckers from truckin' - High diesel prices, slashed shipments put up roadblock
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Lernout & Hauspie:

Lernout & Hauspie Losses Top $1.5B
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Belgian court rips L&H reorganization plan
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Lernout & Hauspie Told to Rework Plan
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Blow to L&H rescue plan
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Bankrupt UpRight misses city bond payments - Redevelopment Agency may have to pay
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Steel: Casualties Are Beginning to Mount
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With Claims Filings at All-Time High, Asbestos Socks Insurers Again
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Lawsuit contends Anadarko played role in Mountain Energy's demise

Bethlehem Steel seeks to amend credit agreement
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A slowing economy, consolidation within the banking industry and a regional utilities crisis have all contributed to turmoil in the commercial paper market
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  U.S. bankruptcy judges may gain power
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Law firms to merge - Mayor, Day, Caldwell joins Andrews & Kurth
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Law Firms: Toughing Out the Turbulence
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Anna Nicole:

Judge won't dismiss appeal to ruling giving Smith $475M
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Smith may not be shown the money
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Fraud Alleged in Purchase of Executive Life
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Bankruptcy Reform:

Daschle v. Wellstone's threat to Filibuster
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ChoiceSeat files for bankruptcy
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Telecoms:

PSINet Continues Selling Operations
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Telus snags PSINet's Canadian assets
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Broadband cable firm 360 faced with bankruptcy
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NorthPoint Saga Comes To An End 

Telus paying US$77M for PSINet Canada
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Bidding postponed for Bridge's Telerate
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National Record Mart:

National Record Mart vows to fight involuntary bankruptcy

National Record Mart Releases Statement
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Restructuring . . .

Atlas Air to cut 200 workers
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EnvisioNet debts total $25 million
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Slatkin's assets targeted in probe
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First Union Will Fight `To the Death' for Wachovia, Chief Says
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Nationwide Computers seeks bankruptcy protection
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Liberty House:

The Passing of Liberty House: Macy's deal rocks isle retail
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Analysts say shoppers won't mourn for long
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Massive Pile of Records Is Left by California Medical Firm's Bankruptcy
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New Bankruptcy Opinions
(2 new opinions today)

Wolf Camera to File for Cha. 11
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Rescue agreement near, National says
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Dotcoms:

It's all over for Arzoo.com
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Economy:

Fed wonders: Where's the rebound? - Policymakers worried by economy's resistance to rate cuts

Greenspan says weak economy has tightened credit
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Greenspan Issues Banking Warning
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Bankrupt Thomaston Mills seeks buyer
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Have Credit-Card Debt? You're Not Alone
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Insurance Co. Alleges Massive $50 Million Theft Against Execs of Bankrupt Armored Car Company
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Angry Investors Confront Money Advisor, Donald Lukens
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Three Principals of Bankrupt Destination RV File for Bankruptcy
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Washington Group shareholders sue
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Man Charged in Bankruptcy Abuse Crackdown with Renting Homes He Didn't Own
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Former CEO of bankrupt Photran pleads guilty to fraud
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Australia:

GST behind surge in bankrupts
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Canada:

Leader Industries' future will be clearer within a few weeks, says CEO
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Dylex debt could reach $30M, says suppliers' group: Pushing for bankruptcy
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Argentina:

Aerolineas Prepares For Bankruptcy Filing
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Japan:

Japan reform efforts to cause 100,000-200,000 job losses
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