June 5, 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

         
Einstein:

New World wins fight for bagel maker
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N.J. company buys Einstein at auction
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Smaller New Jersey Competitor Agrees to Buy Assets of Bankrupt Restaurant Firm
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Conseco Hiding Lending Risk, Ex-Worker Charges
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Privacy on Federal Court Web Sites?
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Telecoms:

Justice Telecom files for Chapter 11
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ICG inflated figures
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Zephion: Anatomy of a Debacle
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Verso to Acquire NACT Telecommunications, Subject To Bankruptcy Court Approval
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No more calls please, we're bankrupt
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Communications bankruptcies leave customers unplugged

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FleetBoston buys Liberty Financial assets
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Ruminations Of The Hatchet Woman
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Creditors hope for higher price for Regent Casino
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Law Firm Won't Help Former Kentucky Governor with Bankruptcy, Legal Problems
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Dallas-Based Food Broker Lays Off Employees, Files for Bankruptcy
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How does bankrupt Toni Braxton live in luxury?
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Conversion Van Warranties Not Honored - As Asset Purchaser Files Bankruptcy
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Maxicare's Calif. Unit Reaches Agreement Over Bankruptcy Proceedings
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Salt Lake City: Creditors Try to Force Diamond Holding Into Chapter 7
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Oread:

Topeka, Lawrence, Kan., Developers Compete for Bankrupt Pharmaceutical Firm's Site
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Oread draws $4.6 million bid
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Restructuring . . .

Swissair to shed jobs in cost cutting plan

Furniture Brands Reorganizes
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Canton Attorney Pleads Guilty to Bankruptcy Fraud, Reports U.S. Attorney
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Bankrupt Wave Wholesale's Debt Threatens Nine Alaska Native Corporations
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Cyclones up in air as IHL folds
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Country music festival promoter seeks bankruptcy protection
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Steel:

United Steelworkers Chief Presents View of Crisis to Bush Officials
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US mulls steel curbs
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American Airlines Begins to Phase Out TWA Logo, Customer Perks
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Bankruptcies grow as downturn bites
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  Power Utilities:

State may have little money left to head off blackouts
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PG&E Creditors Approve Bonuses / Utility Must File Reorganization Plan by End of Year, Or CEO Only Gets $600,000 Extra
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PG&E sues to challenge reimbursement to state

Energy Alley to blame for California's woes?
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Developments in California's energy crisis

Duke says high power prices helped offset California risk
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Calif. judge sets deadline for PG&E power contracts
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An Illuminating Look Several Light-Years Back
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The pros and cons of power price caps
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U.S. Agency's Actions Invited California Power Disaster
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Troubles crop up for server farms - Energy crunch and dot-com bomb wreak havoc on Web-site warehouses

Better Than Bankruptcy
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PUC faces deadline in Southern California Edison case
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Earth to Gray Davis 

Watchdogs Take a Hit in State's Power Ills
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California Energy Crisis Hits Home in Washington
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State Senator Warns of Possible Shortfall in California's Treasury
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Landlords Facing Energy Dilemma Rising Costs for Power Have Owners in A Bind
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High-Stakes Poker: Seize Energy Plants
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Calif. regulators to decide on back power payments
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DJ SoCal Edison Bonds Slip Ahead of Key June 8 MOU Hurdle
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Price Controls Would Worsen California Crisis
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West Coast Energy Problems See Off Californian Textile Trade
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Democrats Should Quit Demagoging on Energy Policy
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California Power Play
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Dotcoms:

The Internet Company's Customer List: Asset or Liability?
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Dead sites, dirt cheap
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Community Software Gets Bankruptcy Court OK To Buy KOZ.COM Assets
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A bankrupt ideas great future
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A phoenix rises from the dotcom ashes
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Associated Hygienic Products Completes Integration of Drypers
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Baldwin covers payroll with DIP loan
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TEMBEC INC - Enters into Agreement to Acquire Bankrupt Paper Mill in St. Francisville, - Louisiana
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'Moral' man led company into ruin - Andrew Armstrong now faces a federal charge of fraud for problems at All-Tech
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New Bankruptcy Opinions
(1 new opinions today)

Payless:

Payless Cashways is bankrupt — again
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Payless Cashways files for relief under Ch 11 -- cites credit restrictions
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Big 5 v. Big Law: Leftovers, Anyone?
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Auction will officially end Farmers Cooperative Association

Lernout & Hauspie faces another decisive day as its creditors vote
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Golden Books:

Golden Book bankruptcy a prelude to buyout
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Golden Memories - The one-time tyrant of publishing is now totally out of print
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Children's Books Publisher Files for Bankruptcy Again, Gets Bought Out
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DIC to Buy Golden Books for 70M
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USG:

USG resists bankruptcy
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USG considers Chapter 11 filing
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Shares Drop After USG Corp. Announces It Is Filing for Bankruptcy Protection
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USG: Asbestos Suits May Lead to Bankruptcy
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SunTrust offers Wachovia bylaw change
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National gains time to talk with Icahn
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Investors begin to regain losses over bankrupt mortgage funds
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Layoffs at Pillowtex shock union members
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GE Capital moves on Finova scheme
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Owens Corning v. Big Tobacco: Pot v. Kettle
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Japan:

Tokyo may nationalise banks
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Switzerland:

FIFA's president urged to quit over missing TV funds
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FIFA to press ahead with bond plans
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Australia:

HIH Insurance liabilities estimated as high as A$4bn
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Germany:

Bank losses besiege Berlin
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Korea:

Daewoo Motor shares rise on GM deal rumors
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GM, Daewoo start talks but outside Korea
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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.