June 4, 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:

PG&E bankruptcy judge keeps rate freeze in place
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Judge Rejects PG&E's Request That He Block Enforcement of PUC Order
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PG&E Issues Statement After Court Decision On Its Request for Stay
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Statement of the PG&E Creditors Committee Regarding June 1 QF Rulings
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Duke Admits Overcharging Utilities / $3,880 Bill Per Megawatt Hour
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Judge denies PG&E bid to end rate freeze / Firm's bankruptcy filing doesn't limit PUC's authority  

California Utility Bankruptcies Feared
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More California dreaming 

PUC May Trip Bailout of Edison
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Deregulation Not to Blame But Davis Is: His Inaction Allowed a Problem to Become a Power
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California, Duke Energy agree but for different reasons
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Getting to Core of Power Crunch
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Duke Energy Releases Average Prices Charged for Electricity in California
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Duke Charged Record Price for Power
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Oh What A Mess!
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Calif. grid manager files RTO plan ``under protest''
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California Seeks to Keep Control of Power Grid
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Edison says utility rescue pact with Calif at risk
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New World Is Winning Bidder for Einstein; Acquisition Expected to Be Completed by June 20th
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Raleigh/Durham Area near top in U.S. failures

Credit-card debt pushing youth into bankruptcy
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Washington Group:

Washington Group says judge names Raytheon suit auditor
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Washington Wins Another Pivotal Court Ruling Against Raytheon; Judge Appoints Washington-Nominated Accountant to Arbitrate
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People are borrowing to maintain lifestyles / Debt could swallow up consumer, say experts 

Bankruptcy Reform:

Congressional Conferences on Wane
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Chicago area bankruptcy filings rise as bill closing loopholes stalls
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  PSINet:

Ailing PSINet Files for Bankruptcy Protection
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PSINet's bankruptcy excludes Metamor unit
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Telus to buy PSINet in Canada
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PSINet Ends Up In Bankruptcy
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PSINet Seeks Bankruptcy Protection
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PSINet forced to seek help on debt  

Telus snaps up PSINet's Canadian unit
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Ravens sponsor files for bankruptcy
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PSINet files for bankruptcy protection  

Telus continues buying spree
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Erroneous bankruptcy report spurs USG stock tumble
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RBX unsecured creditors win equity
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Repossessions Rise as Textile Firms Unravel
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Analysts say Trump lagging behind rivals in Atlantic City
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Telecoms:

The Inside Story Of ICG's Collapse
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Casualties of a Shakeout - Wave of Communications Bankruptcies Leaving Some Customers Unplugged
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Level 3 workers prepare for worst
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Fear of Telecom Fallout
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Telecom industry awaits next wave - Equipment makers, carriers shifting
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Bankruptcy Court short of judges
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Bennett Funding:

Bennett Funding: Appeals court vacates huge white collar sentence
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The Opinion: US v. Bennett
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Bank Plus Corporation Announces Merger Agreement With FBOP Corporation
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Hanscom flight backers speak up - Shuttle America fliers say business line vital
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S.F. modeling agency files for bankruptcy 

Equipment makers face long recovery
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Sunmet: Farm Workers Finally Likely to Get Paid for Work in Sacramento, Calif., Area
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Bankruptcy Clients Say Federal Judge Ginsberg Appears Prejudiced Against Attorney Erik Martin
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New Bankruptcy Opinions
(2 new opinions today)

National Airlines:

Judge blocks Harrah's from withdrawing cash from National
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Carl Icahn sets sights on National Airlines
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Carl Icahn bids for bankrupt National Airlines  

National Airlines in Talks with Icahn
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New Jersey's smallest casino swallowed up by industry giant in bankruptcy sale
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Cotton industry faces tough times - several of largest customers in bankruptcy
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Furrs:

Furrs Establishes Deadline For Bids From Potential Buyers
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Furrs Seeks to Auction Off Stores

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No end in sight to asbestos marathon
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Dotcoms:

The IOU economy / Tapped-out tech firms … and their creditors … are facing off in Bankruptcy Court  

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Slatkin:

Earthlink Chief Slatkin Signs Agreement
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Earthlink Co-Founder in Talks
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Australia:

Call in the doctors, it's getting worse  

Corporate doctors confront epidemic
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Going for broke, spectacularly and literally
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England:

Banks target 'poor creditors'
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Japan:

Settling bad loans honestly the key to Japan's recovery
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Canada:

TD loan to One.Tel probed
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Addicted to status
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Bankrupt publisher has outstanding debts
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From Beemers to Benzes, business is great for repo man
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Copyright 2001  [BKINFORMATION.COM]. All rights reserved.