June 27, 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:

Edison Reworking Bond Sale
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Edison Delays Sale of $1.2 Billion in Bonds
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Developments in California's energy crisis

State, Power Firms Urged to Make a Deal
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Retired PG&E executives fret that pensions not being paid

Calif. closes on $4.3 bln loan to pay for power
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Energy-refund Talks Open on Divisive Note
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Davis' Energy Contracts Preserve Long-Term Pain
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Investors Demand Much of Edison International In Its Bid to Keep Unit of Bankruptcy Court
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Senators Swap Barbs with Calif. Governor Over Energy Crisis
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Calif. set to end 13-year power plant drought
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JPS Apparel Fabrics Files For Bankruptcy

FDIC Nominee Donald Powell Kept Small Texas Bank Away From Bankruptcy
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Washington Group:

Washington Group CEO Drops Bonus
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Raytheon's Sithe project to cost more than expected
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Green Isle Partners:

Green Isle Partners files for bankruptcy
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Green Isle Partners Files for Chapter 11 Ritz-Carlton San Juan Hotel, Casino & Spa Included
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Telecoms:

Loss of $12 Billion in NextWave Decision Could Evaporate U.S. Surplus for Year
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Viatel Seeks Court Approval to Conduct an Auction of Its Assets
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ISPs fight for more than DSL scraps
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A Telecom Retrospective
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Court approves Grove reorganization
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Buffett shows he's fallible as USG hits the wallboard  

Dying Zonic courts buyer
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Funeral Industry Adjusts to Consolidation
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New Jersey Businessman Agrees to Turn over Trust to Bankruptcy Court
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We’re feeling rich but going broke

No job, big bills lead to bankruptcy court - Business is great -- in the nation's bankruptcy courts
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Furrs gets new supplier, may have a new suitor

Supporters of Bankrupt Former Kentucky Governor Used Fraud to Raise Funds, Suit Says
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Fed Meets

  Bankruptcy judge wins back job, for a bit - As part of deal, he'll step down in 2002
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Bankruptcy Reform:

President Signs Chapter 12 Retroactive Extension
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Still waiting........
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GOP rips Daschle as inexperienced, claims delays in bankruptcy reform conference appointments tied to planned presidential bid

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Multicare unsecureds end merger suit
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Bankruptcy Judge George Paine: Today's Bankruptcy System Supports America's Entrepreneurs
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For many, Chapter 11 may ease pain of asbestos-related suits
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Cadwalader Adds Adam Rogoff to Financial Restructuring Department
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Vacation Village creditors voting on sale of bankrupt hotel-casino
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Dotcoms:

Bankruptcy Lawyers Prosper as `New Economy' Falls Apart
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Is there life after delisting?
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Cautious dotcoms start to peek over the parapet  

Consumers seeking money after Cyberrebate.com website goes bankrupt

Dot-com job cuts at lowest level since Nov
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Dot-Coms Cut Costs to Save Cash, Prolong Life Span
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Autoworkers watching French company's 'bankruptcy gambit'

AK Steel to Acquire Alpha Tube
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Harnischfeger to drop name in restructuring
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Tower Record's debt rating lowered
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Weiner's:

Weiners going out of business
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Weiner's Stores Inc. To Conduct Orderly Wind-Down Of Its Business
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Weiner's Stores to shutdown in wake of bankruptcy
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Final Sale: Montgomery Ward to Auctions Corporate Items
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Charter carrier to bid for AOM/Air Liberte charter unit
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Mexican Industries:

UAW sues bankrupt Mexican Industries
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Mexican Industries' scrappy history crumbles

Mexican Industries to close
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Steel:

Creditors OK Extension of LTV Talks
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LTV Indiana Plant Lost 71 Million Through May
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Rehearing Ordered in O.C. Bond Fraud Case
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New Bankruptcy Opinions
(No new opinions today)

Laidlaw to seek bankruptcy protection, sources say
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Lernout & Hauspie CEO says restructuring plan unchanged despite rejection
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National Airlines:

ILFC in talks for bankrupt National Airlines
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Bid for Bankrupt Airline
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Bankruptcy judge gives National Airlines another extension
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Lessors looking to protect interest in National Airlines
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S&L crisis lingers on in US courtroom
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Comp costs factor in Burke bankruptcy
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Canada:

Retailer Inly Systems files for bankruptcy
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Dylex: On the BiWay to bankruptcy
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The Anglican road to financial hell
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BiWay owner said to be trying 'to make deals'
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Side deal with Dylex creditor draws fire: 'Hardof can't go around striking selective deals,' lawyer says: Pays out 400,000
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England:

Redstone Seeks to Raise 25 Mln Pounds; CEO Resigns
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Trustee chosen for Hamilton bankruptcy
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Redstone Telecom tries to avoid bankruptcy
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Collapsed insurer 'blocked' auditor
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Japan:

Daido, Taiyo to take over failed Tokyo Life
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Start-ups to restructure firms, dispose of bad loans
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Australia:

Red faces as an ex-treasurer's enterprise goes belly up

Investors in gum trees ended up harvesting tax bills - and many face bankruptcy  

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Korea:

Daewoo's CEO is sad he had to lay off members of the family _ Lee Jong fired 7,000; He goes around apologizing and tries to find them jobs

General Motors still to agree Daewoo Motor price with creditors
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Germany:

Bankruptcies increase by 10 per cent in first half year
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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.