June 5, 2001 Daily Bankruptcy News

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 (DBN Subscription Required) N.J. company buys Einstein at auction (DBN Subscription Required Smaller New Jersey Competitor Agrees to Buy Assets of Bankrupt Restaurant Firm (DBN Subscription Required) _______________ Conseco Hiding Lending Risk, Ex-Worker Charges (DBN Subscription Required) Privacy on Federal Court Web Sites? (DBN Subscription Required) Telecoms: Justice Telecom files for Chapter 11 (DBN Subscription Required) ICG inflated figures (DBN Subscription Required) Zephion: Anatomy of a Debacle (DBN Subscription Required) Verso to Acquire NACT Telecommunications, Subject To Bankruptcy Court Approval (DBN Subscription Required) No more calls please, we're bankrupt (DBN Subscription Required) Communications bankruptcies leave customers unplugged ____________ FleetBoston buys Liberty Financial assets (DBN Subscription Required) Ruminations Of The Hatchet Woman (DBN Subscription Required) Creditors hope for higher price for Regent Casino (DBN Subscription Required) Law Firm Won't Help Former Kentucky Governor with Bankruptcy, Legal Problems (DBN Subscription Required) Dallas-Based Food Broker Lays Off Employees, Files for Bankruptcy (DBN Subscription Required) How does bankrupt Toni Braxton live in luxury? (DBN Subscription Required) Conversion Van Warranties Not Honored - As Asset Purchaser Files Bankruptcy (DBN Subscription Required) Maxicare's Calif. Unit Reaches Agreement Over Bankruptcy Proceedings (DBN Subscription Required) Salt Lake City: Creditors Try to Force Diamond Holding Into Chapter 7 (DBN Subscription Required) Oread: Topeka, Lawrence, Kan., Developers Compete for Bankrupt Pharmaceutical Firm's Site (DBN Subscription Required) Oread draws $4.6 million bid (DBN Subscription Required) _______________ Restructuring . . . Swissair to shed jobs in cost cutting plan Furniture Brands Reorganizes (DBN Subscription Required) _______________ Canton Attorney Pleads Guilty to Bankruptcy Fraud, Reports U.S. Attorney (DBN Subscription Required) Bankrupt Wave Wholesale's Debt Threatens Nine Alaska Native Corporations (DBN Subscription Required) Cyclones up in air as IHL folds (DBN Subscription Required) Country music festival promoter seeks bankruptcy protection (DBN Subscription Required) Steel: United Steelworkers Chief Presents View of Crisis to Bush Officials (DBN Subscription Required) US mulls steel curbs (DBN Subscription Required) _______________ American Airlines Begins to Phase Out TWA Logo, Customer Perks (DBN Subscription Required) Bankruptcies grow as downturn bites (DBN Subscription Required)	Power Utilities: State may have little money left to head off blackouts (DBN Subscription Required) PG&E Creditors Approve Bonuses / Utility Must File Reorganization Plan by End of Year, Or CEO Only Gets $600,000 Extra (DBN Subscription Required) PG&E sues to challenge reimbursement to state Energy Alley to blame for California's woes? (DBN Subscription Required) Developments in California's energy crisis Duke says high power prices helped offset California risk (DBN Subscription Required) Calif. judge sets deadline for PG&E power contracts (DBN Subscription Required) An Illuminating Look Several Light-Years Back (DBN Subscription Required) The pros and cons of power price caps (DBN Subscription Required) U.S. Agency's Actions Invited California Power Disaster (DBN Subscription Required) Troubles crop up for server farms - Energy crunch and dot-com bomb wreak havoc on Web-site warehouses Better Than Bankruptcy (DBN Subscription Required) PUC faces deadline in Southern California Edison case (DBN Subscription Required) Earth to Gray Davis Watchdogs Take a Hit in State's Power Ills (DBN Subscription Required) California Energy Crisis Hits Home in Washington (DBN Subscription Required) State Senator Warns of Possible Shortfall in California's Treasury (DBN Subscription Required) Landlords Facing Energy Dilemma Rising Costs for Power Have Owners in A Bind (DBN Subscription Required) High-Stakes Poker: Seize Energy Plants (DBN Subscription Required) Calif. regulators to decide on back power payments (DBN Subscription Required) DJ SoCal Edison Bonds Slip Ahead of Key June 8 MOU Hurdle (DBN Subscription Required) Price Controls Would Worsen California Crisis (DBN Subscription Required) West Coast Energy Problems See Off Californian Textile Trade (DBN Subscription Required) Democrats Should Quit Demagoging on Energy Policy (DBN Subscription Required) California Power Play (DBN Subscription Required) ______________ Dotcoms: The Internet Company's Customer List: Asset or Liability? (DBN Subscription Required) Dead sites, dirt cheap (DBN Subscription Required) Community Software Gets Bankruptcy Court OK To Buy KOZ.COM Assets (DBN Subscription Required) A bankrupt ideas great future (DBN Subscription Required) A phoenix rises from the dotcom ashes (DBN Subscription Required) _____________ Associated Hygienic Products Completes Integration of Drypers (DBN Subscription Required) Baldwin covers payroll with DIP loan (DBN Subscription Required) TEMBEC INC - Enters into Agreement to Acquire Bankrupt Paper Mill in St. Francisville, - Louisiana (DBN Subscription Required) 'Moral' man led company into ruin - Andrew Armstrong now faces a federal charge of fraud for problems at All-Tech (DBN Subscription Required)	New Bankruptcy Opinions (1 new opinions today) Payless: Payless Cashways is bankrupt — again (DBN Subscription Required) Payless Cashways files for relief under Ch 11 -- cites credit restrictions (DBN Subscription Required) ____________ Big 5 v. Big Law: Leftovers, Anyone? (DBN Subscription Required) Auction will officially end Farmers Cooperative Association Lernout & Hauspie faces another decisive day as its creditors vote (DBN Subscription Required) Golden Books: Golden Book bankruptcy a prelude to buyout (DBN Subscription Required) Golden Memories - The one-time tyrant of publishing is now totally out of print (DBN Subscription Required) Children's Books Publisher Files for Bankruptcy Again, Gets Bought Out (DBN Subscription Required) DIC to Buy Golden Books for 70M (DBN Subscription Required) _________________ USG: USG resists bankruptcy (DBN Subscription Required) USG considers Chapter 11 filing (DBN Subscription Required) Shares Drop After USG Corp. Announces It Is Filing for Bankruptcy Protection (DBN Subscription Required) USG: Asbestos Suits May Lead to Bankruptcy (DBN Subscription Required) _____________ SunTrust offers Wachovia bylaw change (DBN Subscription Required) National gains time to talk with Icahn (DBN Subscription Required) Investors begin to regain losses over bankrupt mortgage funds (DBN Subscription Required) Layoffs at Pillowtex shock union members (DBN Subscription Required) GE Capital moves on Finova scheme (DBN Subscription Required) Owens Corning v. Big Tobacco: Pot v. Kettle (DBN Subscription Required) Japan: Tokyo may nationalise banks (DBN Subscription Required) ______________ Switzerland: FIFA's president urged to quit over missing TV funds (DBN Subscription Required) FIFA to press ahead with bond plans (DBN Subscription Required) _______________ Australia: HIH Insurance liabilities estimated as high as A$4bn (DBN Subscription Required) ______________ Germany: Bank losses besiege Berlin (DBN Subscription Required) _______________ Korea: Daewoo Motor shares rise on GM deal rumors (DBN Subscription Required) GM, Daewoo start talks but outside Korea (DBN Subscription Required) _____________ Weather Forecast: Enter City, State, or Zipcode: