June 25, 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

         
NextWave:

NextWave wins court victory over FCC
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The Opinion: NextWave v. FCC
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Wireless carriers lose airwave rights
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Appeals Court Rules Against FCC
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Chaos looms as court overrules FCC
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Wireless carriers split on airwave case - Verizon wants talks, others urge Supreme Court appeal
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Case puts wireless industry in turmoil
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FCC wrongfully resold wireless licenses of bankrupt NextWave
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U.S. Court Upends Plans to Improve Cellular Service
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Dotcoms:

Exodus' future looks un-miraculous, bankruptcy possible
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High-tech shakeouts hit ad, PR firms
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Crumbling dot-com Network Commerce faces the fight of its life
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Offices, Cheap!
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Bankrupt Wine.com's dream turns to vinegar
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Steel:

Bush initiates steel import probe
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Weirton Steel Praises Start of Section 201 Investigation
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Another Mill Closing Its Doors
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JPS Apparel Fabrics Corp. files for bankruptcy, closes two of three plants
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Ex-Chiefs of L&H Still in Custody
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Role of aircraft lessors unclear in National case
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Preparing to close, Maxim entangled in web of suits
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  Power Utilities:

Judge says Calif. refunds likely
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Pending Power Plants in California Face Some Problems
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PG&E raking it in from real estate / Income disclosed as utility tries to comply with bankruptcy rules  

SoCal Edison blasts charge of self-dealing
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Estimates of Power Profits Disputed
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California delays bond offering
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Edison May Pay Sister Firm First
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Sacramento's Long Road to a Public Utility Company
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Profiting from alternative-energy sources
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Energy in Finger-Pointing
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Life After the Crisis
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Going under — week of June 17, 2001
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CMI and Petitioning Creditors File Joint Motion to Dismiss Involuntary Bankruptcy Petition
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Telecoms:

Fiber-optic firms fall out of favor
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Telecom washouts rock private equity, spur caution
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High-yield telecom bonds under cloud  

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Congress working on ways to bolster financial literacy
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Indianapolis: Minority auto-parts maker seeks turnaround
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SunCruz Casino moves to fend off creditors
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Harnischfeger Industries Names New Chief Financial Officer and Treasurer
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Rate Cut Will Reveal Extent of Fed Worries
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New Bankruptcy Opinions
(1 new opinion today)

Loewen Group gets court date for plan
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Credit repair companies face scrutiny
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Bad-debt mavens set for best score in a decade
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Rude shock awaits many hunting work 

Wolf Camera's marketing power should buoy it in crisis
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Heilig-Meyers Announces Sale of Its John M. Smyth's Homemakers Stores
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Movie Theater Industry:

Praise the Lord and pass the popcorn Cinemas reborn as places of worship in conversion wave
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Tower Records Faces Bankruptcy as Credit Tightens
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Mexican Industries to close
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San Bernardino, Calif., Ad Agency Closes as Co-Owner Files for Bankruptcy
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England:

Scope of fraud for insolvency purposes
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What went wrong at Independent?: Policyholders have been left facing an uncertain future after a troubled insurer was forced to close its doors this week
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End of chapter for Janet and John books 

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Canada:

Split cost of native lawsuit, Gray tells churches
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Australia:

Call for single, tougher law on insolvency
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New law leaves axe hanging over bankrupt barristers

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