June 22, 2001 Daily Bankruptcy News

June 22, 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

Telecoms: Loral falls to Earth (DBN Subscription Required) Telecoms' Woes Just Beginning (DBN Subscription Required) PSINet Breakdown Continues (DBN Subscription Required) PSINet Subsidiary Sells VSI to Founder Sale of companies may fund REAnet (DBN Subscription Required) _______________ National Airline: Icahn drops bid for National Airlines (DBN Subscription Required) National Gives Icahn Cold Shoulder (DBN Subscription Required) Icahn withdraws airline offer: Board of struggling National rejects US 181.5M plan (DBN Subscription Required) _______________ Wolf Camera: Wolf Camera's bankruptcy hits Kodak (DBN Subscription Required) Wolf Camera focuses on survival (DBN Subscription Required) __________________ Steel: Bethlehem Steel tries for new credit terms, faces June 30 deadline (DBN Subscription Required) LTV losing more than $2 million a day (DBN Subscription Required) LTV Consultants Seek Millions (DBN Subscription Required) Algoma Steel granted second extension of court-ordered bankruptcy protection (DBN Subscription Required) _________________ Bankruptcy no option for Shoney's (DBN Subscription Required) Former Workers of Kentucky Bookstore Feel `Duped' Into Staying with Firm (DBN Subscription Required) Bankruptcy Court’s Ability to Confirm a Chapter 11 Plan that Pays Priority Tax Claim in Unequal Installments (DBN Subscription Required) Finova: The knackers arrive (DBN Subscription Required) Bankruptcy can't be basis for denying job (DBN Subscription Required) Struggling, bankrupt Food Etc. factory on the block - Lawyers say brothers' debt to Catholic Archdiocese secure (DBN Subscription Required) Founder of KC bagel firm resigns after acquisition by national chain (DBN Subscription Required) EnvisioNet Ties Down Deal for DIP Funding (DBN Subscription Required)	Power Utilities: Billions At Stake In Power Palaver (DBN Subscription Required) Enron CEO Blasts Calif. Regulators (DBN Subscription Required) Tough talk on power prices Protest, cream-pie greet Enron boss in California (DBN Subscription Required) Edison unit to pay steep price on $1.2 bln bonds (DBN Subscription Required) Democrats Step Up Push for California Power Refunds (DBN Subscription Required) Howard Rice's Rosy View (DBN Subscription Required) Showdown Next Week in Energy Wars (DBN Subscription Required) ____________ Cherokees balk at loan to save tribal company facing bankruptcy (DBN Subscription Required) Nasdaq warning for Network Commerce; delisting could trigger bankruptcy (DBN Subscription Required) Baldwin, creditor still negotiating (DBN Subscription Required) Medical disorder - Court officer, health plans confront massive pile of patient records left by KPC's bankruptcy (DBN Subscription Required) DeVlieg-Bullard's liquidation delayed (DBN Subscription Required) Dotcoms: Options and Alternatives for Troubled Internet Companies (DBN Subscription Required) Dot-Bankruptcies Slow Down (DBN Subscription Required) _______________ National Record Mart pushes for Chapter 11 (DBN Subscription Required) Firm Responsible for Lawyer's Failure to Record Security Interest (DBN Subscription Required) AFX drops Bridge bid (DBN Subscription Required) Dayton's Andacollo Mine Begins Formal Liquidation Of Mining And Plant Equipment (DBN Subscription Required) Maxicare Health Plans to be delisted from Nasdaq (DBN Subscription Required) Co-Founder of Bankrupt Stan Lee Media Sues Clintons Over Campaign Funds (DBN Subscription Required) Suit Says Firm Ruined Marketer - Bankruptcy Trustee Alleges Anadarko Drove Mountain Energy Into Insolvency (DBN Subscription Required) No silver lining for silver screens in the US - Many US cinema chains face bankruptcy because of over-development of megaplexes (DBN Subscription Required)	New Bankruptcy Opinions (6 new opinions today) Florida Homestead Ruling: State Supreme Court rules that wealthy debtors can shield assets in homes The Opinion (DBN Subscription Required) _________________ Washington Group: Raytheon and buyers' remorse (DBN Subscription Required) WGI Plans to Give Bonuses $25.9 Million to Go to 500 Employees, Not Shareholders (DBN Subscription Required) Deal Allows Washington to Buy Up to 40% of WGI (DBN Subscription Required) Chairman to lead company through financial restructuring and beyond (DBN Subscription Required) _________________ It's a good bet the bankrupt Regent Casino's troubled times are far from over (DBN Subscription Required) Collier Bankruptcy Case Update (DBN Subscription Required) Japan: Japan's PM Announces Bank Plan (DBN Subscription Required) _____________ Argentina: Argentine Airline Seeks Bankruptcy Protection (DBN Subscription Required) _____________ Canada: Alberta trustee seeks former bank superintendent in probe of mall bankruptcy (DBN Subscription Required) ______________ Australia: US creditors push to pick HIH bones (DBN Subscription Required) ________________ Scotland: Call for more debtor protection (DBN Subscription Required) _____________ England: Criminal probe into Independent crash: Liquidators reveal insurer would have run out of money in weeks (DBN Subscription Required) ____________ Weather Forecast: Enter City, State, or Zipcode: