June 28, 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:

Retired PG&E Executives Seek Full Pensions in Bankruptcy Case
(DBN Subscription Required)

Calif. delays vote on ending retail power choice
(DBN Subscription Required)

PG&E can ignore power debt

Edison Delays Sale of $1.2 Billion in Bonds
(DBN Subscription Required)

PG&E given OK for cleanups
(DBN Subscription Required)

Davis Throws Switch on New Plant
(DBN Subscription Required)

FERC Judge Seeks Adjusted Demand In Calif Settlement
(WSJ: separate paid subscription required)

____________

Dotcoms:

Rap website in financial trouble
(DBN Subscription Required)

______________

Pillowtex Bankruptcy - Kannapolis to get a check for portion of unpaid taxes
(DBN Subscription Required)

National Airlines:

ILFC to Bid on Bankrupt National Airlines
(DBN Subscription Required)

Bankrupt Las Vegas-Based Airline Gets Time to Pursue New Deal
(DBN Subscription Required)

National Issues Statement On Stay In Bankruptcy Proceedings
(DBN Subscription Required)

Lessor, partner interested in buying National
(DBN Subscription Required)

________________

Washington Group:

Plan says chairman threatened to leave, depending on division sales
(DBN Subscription Required)

Raytheon raises exposure estimate to 896 mln $US in Washington Group dispute
(DBN Subscription Required)

Moody's May Cut Raytheon Senior Debt
(DBN Subscription Required)

Raytheon Sharply Raises Its Exposure In Legal Battle With Washington Group
(DBN Subscription Required)

_______________

Baldwin Piano & Organ Company Announces Debtor In Possession Financing
(DBN Subscription Required)

Tower Records' rating downgraded
(DBN Subscription Required)

HIH:

US creditors, angry over "blatantly discriminatory" foreign insolvency law, ride hard to cut HIH off at pass
(DBN Subscription Required)

______________

Slatkin investigation widens - FBI raids Hope Ranch home of investor's business associate
(DBN Subscription Required)

Trustee takes over Keathley Aviation
(DBN Subscription Required)

Windsor man pleads innocent in bankruptcy fraud case involving nearly $500,000
(DBN Subscription Required)

Downgraded Comdisco to Sell Off Business Units
(DBN Subscription Required)

Investors Unmoved by Rate Cut
(DBN Subscription Required)

Stevens Financial Group hopeful about rebuilding - Meeting with investors highlights plans to submit reorganization plan to the court
(DBN Subscription Required)

Movie Theater Industry:

Edwards Theatres to Seek Court Approval to Break Imax Leases
(DBN Subscription Required)

Court OKs Loews closing   

_______________

Orlando: Boys Ranch in Altoona files for bankruptcy
(DBN Subscription Required)

Accused Judge Gets Job Back, Temporarily
(DBN Subscription Required)

  USG:

USG Corporation Receives Approval of First-Day Orders in Chapter 11Case
(DBN Subscription Required)

USG gets approval to pay employees
(DBN Subscription Required)

USG Bankruptcy Documents Give No Clues About Buffett
(WSJ: separate paid subscription required)

____________________

Record Bill For Asbestos Claims: Multiple Legal Actions Deepen Gloom For Hard-Hit Insurance Firms
(DBN Subscription Required)

Small town of Kendleton files for bankruptcy
(DBN Subscription Required)

Furrs:

Fleming Cos. Makes Bid on 66 Furrs
(DBN Subscription Required)

Union Rallies During Furrs Auction

Furrs OKs $100M Offer From Fleming
(DBN Subscription Required)

Fleming Cos. bids $57M for Furrs' assets
(DBN Subscription Required)

Fleming Announces Growth Opportunity for Company, Customers in Southwest; Most Store Locations Would Be Owned by Other Operators, Supplied By Fleming
(DBN Subscription Required)

______________

Bankruptcy judge approves sale of rice mill
(DBN Subscription Required)

Telecoms:

Lucent a bankruptcy risk? - Telecom gear maker faces pressure to sell fiber unit as bankruptcy risk looms
(DBN Subscription Required)

360networks says will lay off 44 percent of workforce
(DBN Subscription Required)

New Rounds of Job Cuts Seen at Lucent and JDS Uniphase
(NYT: separate free registration required)

Dallas Company Pursues Assets of Bankrupt Zephion
(DBN Subscription Required)

_______________

Laidlaw:

Laidlaw likely to seek bankruptcy refuge
(DBN Subscription Required)

Laidlaw trading halted for financial announcement
(DBN Subscription Required)

Laidlaw to seek bankruptcy protection
(DBN Subscription Required)

_________________

Steel:

Bethlehem seeks share of any union, LTV deal 

Erie, Pa.-Based Steel Company Makes Profit in Wake of Layoffs
(DBN Subscription Required)

________________

Tri-Union:

Tri-Union Development exits bankruptcy
(DBN Subscription Required)

Tri-Union Development Corporation Completes Plan of Reorganization and Emerges From Bankruptcy
(DBN Subscription Required)

____________________

Schwinn:

Put Schwinn back on a roll
(DBN Subscription Required)

Boulder, CO-Based Bicycle, Fitness Firm Continues Search for Buyer, Denies Bankruptcy
(DBN Subscription Required)

_____________

Fitch Lwrs Heilig-Meyers Master Trust Asset-Bkd Ctfs To 'CC/C'
(DBN Subscription Required)

Mexican Industries' unsecured debt piles up
(DBN Subscription Required)

Acme Metals Enters Contract To Sell Subsidiary To AK Steel
(DBN Subscription Required)

New formula for Einstein

______________

SBi's marchFIRST Acquisitions Approved by Bankruptcy Court
(DBN Subscription Required)

 

New Bankruptcy Opinions
(1 new opinion today)

NextWave:

FCC-NextWave settlement far off
(DBN Subscription Required)

The fate of NextWave's licenses for wireless spectrum is unclear
(DBN Subscription Required)

____________Drug Emporium:

Phar-Mor Won't Bid on Bankrupt Chain
(DBN Subscription Required)

Drug Emporium and Snyder's Agree to Fixed $21,000,000 Cash Acquisition Price
(DBN Subscription Required)

______________

Envisionet gets approval for cash infusion
(DBN Subscription Required)

Newport Creamery:

Newport Creamery goes sour
(DBN Subscription Required)

Rhode Island institution files for bankruptcy in federal court in Florida

______________

MicroAge:

SEC pushes MicroAge to drop indemnity clause
(DBN Subscription Required)

SEC Says MicroAge Bankruptcy Plan Unfair To Shareholders
(WSJ: separate paid subscription required)

_______________

Canada:

Canadians going deeper into debt: Spending More, Saving Less
(DBN Subscription Required)

Side deal with Dylex creditor draws fire
(DBN Subscription Required)

Dylex strikes back in war with suppliers
(DBN Subscription Required)

Jump in insolvencies expected: Credit card debt a particular problem for many
(DBN Subscription Required)

_____________

Italy:

Fiorentina denies bankruptcy rumor
(DBN Subscription Required)

Court opens Fiorentina bankruptcy file
(DBN Subscription Required)

_____________

England:

BoE warns of risks to global banking
(DBN Subscription Required)

Can she handle it? More young women are going bankrupt than ever before
(DBN Subscription Required)

Independent Insurance creditors to launch legal action to win compensation
(DBN Subscription Required)

_____________

Australia:

Businesses brace for real crunch  

Burwood Road now a street of broken dreams  

_____________

Belguim:

Swissair's Sabena reportedly needs 1 bln eur to avoid bankruptcy
(DBN Subscription Required)

______________

Japan:

Japan lays out roadmap for reform
(DBN Subscription Required)

Banks may start unloading stocks fast after govt report
(DBN Subscription Required)

Panel reveals debt-waiver guidelines
(DBN Subscription Required)

_____________

Ukraine:

Ukrainian President Signs Bankruptcy Law

______________

 

Weather Forecast:
Enter City, State, or Zipcode:

If you received the Daily Bankruptcy News via email, to view a news story, click on the headline, and the story should open in your web browser. To view additional stories, click back to the email and click on additional headlines, which will cause new stories to open in your web browser.  You can view the Daily Bankruptcy News on the web by clicking here, or by going to BKINFORMATION.COM and clicking on the Bankruptcy News button.  Note that the Daily Bankruptcy News is distributed via "HTML email" in which the links to the news stories are embedded in the headlines.  The email you receive should look like a 3-column newspaper, with headlines for each story. If you receive the Daily Bankruptcy News by email and the copy you receive is not formatted like a 3-column newspaper, or does not seem to contain links to the news stories, you may have an email client that is not capable of receiving HTML email, or is not configured to display such email.  You can however, receive a daily email notifying you when the Daily Bankruptcy News is updated on the web site. If you would like to receive such an email, please let us know at admin@bkinformation.com  

Advertising
Advertising is available in the Daily Bankruptcy News in a variety of places, formats and prices. Go to http://bkinformation.com/DBN_ADs.htm  for a list of choices.  Feel free to contact us with any questions.

Passwords
Access to certain links in the Daily Bankruptcy News is available only to readers holding a paid subscription.  These links are currently marked with a "DBN Subscription Required" notation. The cost of a subscription is $3/month, payable annually.  A separate password is required for each member of a firm wishing access to restricted links. Volume discounts are available. New readers can receive a free password good for 30 days by going to http://bkinformation.com/RegistrationForm.cfm.
Readers who wish to change their passwords should go to http://bkinformation.com/ChangePasswordForm.cfm. Readers who have forgotten their password should go to http://bkinformation.com/GetPassword.cfm

Adding Your Email Address To The Distribution List
If you would like to start receiving the Daily Bankruptcy News by email each day, go to http://bkinformation.com/SubscribeDBNForm.cfm  and fill in the information requested.  There is no charge to be placed on the distribution list to receive the headlines, although access to many of the links behind the headlines requires a paid subscription (see above, under Passwords). If, after adding your email address to the distribution list, you do not receive an email confirming the addition, please contact us at admin@bkinformation.com for help.  

Removing Your Email Address From The Distribution List
If you already receive Daily Bankruptcy News by email and you wish to remove your email address from the distribution list, click here and send the email that should appear.  Note that the email must be sent from the same email address at which you are receiving the Daily Bankruptcy News. You do not need to type anything in the body of the email message.   If you do not receive an email confirming deletion of your email address from the distribution list  for the publication, contact us at admin@bkinformation.com for help.

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.